Post by
Goodtoreadthis1 on May 14, 2024 3:18pm
Kinross 2nd qtr profit should have big gain
Gold has stayed above $2300 an OZ for much of this 2nd qtr.. If that holds true, we should have a radically better 2nd qtr than first qtr .
Consider this from 2024 ist qtr. report.
Average realized gold price10: The average realized gold price in Q1 2024 was $2,070 per ounce, compared with $1,894 per ounce in Q1 2023.
Revenue: During the first quarter, revenue increased to $1,081.5 million, compared with $929.3 million during Q1 2023. The 16% year-over-year increase is primarily due to increases in gold equivalent ounces sold and average metal prices realized.
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