Kinross expects to declare an initial mineral resource for its Great Bear asset as part of its 2022 year-end results. Production should be stronger later in the year. La Coipa mill ramp-up was delayed due to issues with the pumps and global supply chain challenges affecting availability of spare parts. but once I got settled in my surroundings and ignored The Royal Ts. The company said it will be meeting the low end of its guidance. life is operating on a bit of slow burn, so, grown-ups, enough with the. 'We think the economy and markets will continue to progress further into the mid-cycle phase next year,' said Angelo Kourkafas, investment strategist at Edward. At Manh Choh in Alaska, we completed a feasibility study ahead of schedule, and are proceeding with a project that we expect will add approximately 640,000 lower-cost gold ounces to our production profile over its life of mine in one of the world’s best mining jurisdictions.' Canada's main stock index will add to its recent record high over the coming year as the domestic economic recovery helps underpin corporate earnings, but gains are expected to slow from 2020's breakneck pace, a Reuters poll found. 'At the world-class Great Bear project in Red Lake, Ontario, drilling results continue to show the significant potential of a deposit that can host a large, long-life mining complex. “With the completion of the sale of our Russian assets and pending sale of Chirano, approximately 70% of our production is now based out of the Americas,' said CEO J. Again comparing to Royal TS(x) it can do it with all connections even vCenter etc. Kinross' assets mix changed dramatically over the past eight months due to the $1.8 billion Great Resources purchase and the sale of Kinross's Russian assets due to the war in Ukraine. The delay is not the time it takes to connect to the VPN. The company said it expects cost of sales per ounce sold to decrease in the second half of the year due to stronger production, notably at Tasiast, Paracatu and La Coipa, which Kinross said are its lowest-cost mines. sold increased to $1,027 for the quarter, compared with $850 in Q2 2021, mainly as a result of inflationary cost pressures and an increase in waste stripping.

Cost of sales from continuing operations per Au eq.

Adjusted net earnings from continuing operations were $37.4 million, or $0.03 per share, for Q2 2022, compared with $66.5 million, or $0.05 per share, for Q2 2021. sold was $845 for Q2 2022, compared with the Q2 2021 margin of $964. Kinross’ margin from continuing operations per Au eq. The company said that the year-over-year increase was largely due to Tasiast, which had higher grades and throughput.ĭuring the second quarter, revenue from continuing operations increased to $821.5 million, compared with $707.9 million during Q2 2021. sold) in Q2 2022, a 19% increase compared with Q2 2021.

Kinross (TSX: K, NYSE: KGC) said today it produced 453,978 gold equivalent ounces (Au eq.

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