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Company News

BRIEF-Kinross Q1 Earnings Per Share $0.09

May 8 (Reuters) - Kinross Gold Corp:

* KINROSS REPORTS 2018 FIRST-QUARTER RESULTS

* Q1 EARNINGS PER SHARE $0.09

* Q1 REVENUE $897.2 MILLION VERSUS $796.1 MILLION

* Q1 ADJUSTED EARNINGS PER SHARE $0.10

* QTRLY PRODUCTION 653,937 GOLD EQUIVALENT OUNCES COMPARED WITH 671,956 AU EQ. OZ. IN Q1 2017

* TOTAL CAPITAL EXPENDITURES ARE FORECAST TO BE APPROXIMATELY $1,075 MILLION FOR YEAR

* QTRLY ALL-IN SUSTAINING COST $846 PER AU EQ. OZ. SOLD, VERSUS $953 IN Q1 2017

* “ON TRACK TO MEET PRODUCTION AND COST GUIDANCE”

* Q1 EARNINGS PER SHARE VIEW $0.05, REVENUE VIEW $823.7 MILLION -- THOMSON REUTERS I/B/E/S

* KINROSS EXPECTS TO PRODUCE 2.5 MILLION AU EQ. OZ. (+/- 5%) AT A PRODUCTION COST OF SALES PER AU EQ. OZ. OF $730 (+/- 5%) FOR 2018

* AVERAGE REALIZED GOLD PRICE IN Q1 2018 INCREASED TO $1,330 PER OUNCE, COMPARED WITH $1,220 PER OUNCE IN Q1 2017

* 2018 OUTLOOK UNCHANGED Source text for Eikon: Further company coverage:

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