US EditionKinross Gold Triples Profit In Q1 2025 But Costs Hit 9-Year High
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Kinross Gold Triples Profit In Q1 2025 But Costs Hit 9-Year High
Kinross Gold (TSX: K) has posted its results for Q1 2025, reporting quarterly revenue of $1.50 billion, a 38% jump from $1.08 billion in Q1 2024. This is driven by a spike in the average realized gold price to $2,857 per ounce. However, production remained flat, with attributable output slipping 3% to 512,088 gold equivalent ounces from 527,399 ounces last year. Notably, while sales volume was relatively unchanged, the company’s production cost …
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