Kinross' Earnings and Revenues Outpace Estimates in Q1, Up Y/Y

Kinross Gold Corporation (KGC) reported a profit of $368 million or 30 cents per share for first-quarter 2025. The figure registered an increase from a profit of $107 million or 9 cents per share recorded in the year-ago quarter. Average realized gold prices were $2,857 per ounce in the quarter, up 9% from the year-ago quarter's tally. The figure beat our estimate of $2,603 per ounce. The production cost of sales per gold equivalent ounce was $1,043, up 6.2% from the prior-year quarter's levels. This missed ...