Kinross(US:KGC)2024-11-06 13:34Financial Performance - Attributable production was 564,106 Au eq oz in Q3 2024[12], and 1,626,843 Au eq oz YTD 2024[12], compared to 585,449 Au eq oz in Q3 2023 and 1,606,507 Au eq oz YTD 2023[12] - Cost of Sales was $976 per Au eq oz sold in Q3 2024[12], and $995 YTD 2024[12], compared to $911 in Q3 2023 and $931 YTD 2023[12] - Attributable All-in Sustaining Cost was $1,350 per Au eq oz sold in Q3 2024[12], and $1,349 YTD 2024[12], compared to $1,296 in Q3 2023 and $1,303 YTD 2023[12] - Operating Cash Flow was $734 million in Q3 2024[12], and $1,712 million YTD 2024[12], compared to $407 million in Q3 2023 and $1,194 million YTD 2023[12] - Attributable Free Cash Flow was $415 million in Q3 2024[12], and $906 million YTD 2024[12], compared to $138 million in Q3 2023 and $443 million YTD 2023[12] - Earnings Per Share was $0.29 in Q3 2024[12], and $0.55 YTD 2024[12], compared to $0.09 in Q3 2023 and $0.29 YTD 2023[12] - Adjusted Net Earnings Per Share was $0.24 in Q3 2024[12], and $0.49 YTD 2024[12], compared to $0.12 in Q3 2023 and $0.33 YTD 2023[12] Balance Sheet and Liquidity - Net Debt reduced to $1.2 billion as of quarter end[13] - The company has $473 million of cash and cash equivalents and $2.1 billion of total liquidity[13] Production Outlook and Guidance - The company is on track to meet FY2024 guidance of 2.1 million Au eq oz (+/- 5%)[14] - Attributable Production Cost of Sales guidance is $1,020 per Au eq oz sold[14] - Attributable All-in Sustaining Cost guidance is $1,360 per Au eq oz sold[14] - Attributable Capital Expenditures guidance is $1,050 million[14] Project Highlights - Great Bear PEA highlights a 518 koz/year average annual production over the first 8 years, $491 million FCF/year, and $812/oz AISC[36] - Lobo-Marte has a potential life of mine production of 4.7 million Au eq oz and annual production of ~300 koz[35]