Kinross(US:KGC)2021-05-12 13:53Financial Performance - Revenue increased by 12% year-over-year[8] - Attributable margin increased by 25% year-over-year[8] - Adjusted net earnings increased by 51% year-over-year[8] - All-in Sustaining Costs (AISC) were $975 per Au eq oz sold[8] - Free Cash Flow was $76 million, which includes ~$120 million in net working capital outflows[8] Liquidity and Financial Position - Available liquidity of approximately $2.6 billion, including over $1 billion in cash as of March 31, 2021[10] - The company repaid $500 million in senior notes ahead of maturity[10] Operational Highlights - The company is on track to meet annual guidance[5] - Paracatu achieved a record quarterly throughput of ~171ktpd[13] - Tasiast achieved a record quarterly throughput of ~17ktpd[20] - Bald Mountain increased production by 22% and decreased costs by 9% year-over-year[30] Project Updates - The Tasiast 24k project is 80% complete and remains on schedule and on budget[20] - The Gil satellite pits at Fort Knox are on track for first production in Q4 2021, with an initial non-sustaining capex of $30 million and sustaining capex of $10 million[23, 44]