Kinross Gold posts $23.6M loss for 2018

Kinross Gold (TSX: K; NYSE: KGC) produced 2.45 million gold-equivalent ounces last year with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company wide production this year will be similar to 2018. The company reported an attributable all-in cost per oz. sold on a by-product basis of US$1,287, down from US$1,308 per oz. in 2017. The Toronto-headquartered company posted a headline loss of US$23.6 million, or 2¢ per share, compared with net earnings of US$445.4 million, or 36¢ per share, in 2017. The change was primarily a result of … Continue reading at The Northern Miner.