Kinross Gold posts loss on income tax expense

Wed Nov 5, 2014 5:40pm EST
 
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Nov 5 (Reuters) - Toronto-based miner Kinross Gold Corp reported a quarterly loss on Wednesday, mainly hurt by a $92.3 million income tax expense.

Kinross reported a net loss attributable to shareholders of $4.3 million, or breakeven on a per share basis, in the third quarter ended Sept. 30, compared with a profit of $46.9 million, or 4 cents per share, a year earlier.

The company, Canada's fifth-largest gold miner by market capitalization, said revenue increased 8 percent to $945.7 million. (Reporting by Susan Taylor in Vancouver and Anet Josline Pinto in Bangalore; Editing by Joyjeet Das)