Kinross Gold: Fourth Quarter Earnings Overview

Kinross Gold Corp. Announces Strong Fourth-Quarter Results

Kinross Gold Corp., headquartered in Toronto, revealed on Wednesday that it achieved net earnings of $906.5 million for the fourth quarter.

The company reported net income of 75 cents per share, with adjusted earnings—excluding one-time gains—coming in at 67 cents per share.

These figures surpassed the expectations of Wall Street analysts, who, according to a Zacks Investment Research survey of seven experts, had predicted earnings of 55 cents per share.

During the quarter, Kinross Gold generated $2.02 billion in revenue.

Looking at the full year, the company posted a profit of $2.39 billion, or $1.95 per share, with total revenue reaching $7.05 billion.

This article was produced by Automated Insights using financial data provided by Zacks Investment Research.