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Kinross Gold: 3Q Earnings Snapshot

November 6, 2019

TORONTO (AP) _ Kinross Gold Corp. (KGC) on Wednesday reported third-quarter net income of $60.9 million, after reporting a loss in the same period a year earlier.

The Toronto-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring costs, were 8 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.

The gold mining company posted revenue of $877.1 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $4.81. A year ago, they were trading at $2.70.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KGC at https://www.zacks.com/ap/KGC