Bullboard - Stock Discussion Forum Kinross Gold Corp T.K

Alternate Symbol(s): KGC

Metals & Mining Gold

Kinross Gold Corporation is a Canada-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The Company’s projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast and Great Bear projects. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska... see more

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Kinross Gold Corp > Kinross 2nd qtr profit should have big gain

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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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