Kinross Gold Records Improved Earnings for Q3

4 November 2010 (Last Updated November 4th, 2010 18:30)

Kinross Gold has achieved net earnings of $346.9m in the third quarter, following a net loss of $21.5m in the same quarter last year. Production during the quarter was up 7% to 575,065 gold equivalent ounces, including 20,238 ounces from the former Red Back Mining assets in West Africa.

Kinross Gold has achieved net earnings of $346.9m in the third quarter, following a net loss of $21.5m in the same quarter last year.

Production during the quarter was up 7% to 575,065 gold equivalent ounces, including 20,238 ounces from the former Red Back Mining assets in West Africa.

The average realised gold price increased 24% to $1,190 per ounce sold, from $956 per ounce sold in the same quarter last year.