Kinross meldet Zahlen für Q3/17
2017 third-quarter highlights:
- Production1: 653,993 gold equivalent ounces (Au eq. oz.), compared with 684,129 Au eq. oz. in Q3 2016.
- Revenue: $828.0 million, compared with $910.2 million in Q3 2016.
- Production cost of sales(2): $662 per Au eq. oz., compared with $719 in Q3 2016.
- All-in sustaining cost2: $937 per Au eq. oz. sold, compared with $1,001 in Q3 2016. All-in sustaining cost per gold ounce (Au oz.) sold on a by-product basis was $927 in Q3 2017, compared with $987 in Q3 2016.
- Operating cash flow: $197.7 million, compared with $266.2 million in Q3 2016.
- Adjusted operating cash flow2: $320.8 million, compared with $320.3 million for Q3 2016.
- Reported net earnings(3): Net earnings increased to $60.1 million, or $0.05 per share, compared with net earnings of $2.5 million, or $0.00 per share, in Q3 2016.
- Adjusted net earnings2,3: $84.1 million, or $0.07 per share, compared with adjusted net earnings of $128.7 million, or $0.10 per share, in Q3 2016.
- Organic development projects:
- In mid-September 2017, the Company announced that it was proceeding with the Tasiast Phase Two and Round Mountain Phase W projects. Phase Two is expected to transform Tasiast into a large, world-class mine with low costs while Phase W is expected to extend mining by five years at Round Mountain.
- The TasiastPhase One expansion continues to advance on time and on budget and is expected to reach full commercial production towards the end of Q2 2018. Plant construction is now 77% complete.
- Construction for the TasiastPhase Two expansion is on schedule to start early next year, with engineering now 25% complete.
- At the Round MountainPhase W project, stripping and initial construction is on schedule to begin early next year, pending the permitting process. The Decision Record from the U.S. Bureau of Land Management was received in October 2017 and state permits are proceeding as planned.
- At the Bald MountainVantage Complex, overall engineering work is now 70% complete and initial construction work is expected to commence in Q1 2018.
- At the Moroshka project located near Kupol, development of the twin declines is progressing on schedule.
- Outlook: Kinross is tracking towards the high end of its 2017 guidance for production (2.5 - 2.7 million Au eq. oz.), and the low end for both production cost of sales ($660 - $720 per Au eq. oz.) and all-in sustaining cost ($925 - $1,025 per Au eq. oz.). The Company expects to be within its capital expenditures guidance of $900 million (+/- 5%).
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