Kinross beats Q1 earnings expectations despite lower prices, operating earnings

Canadian gold producer Kinross Gold has reported adjusted net earnings attributable to common shareholders in the first quarter of $1.4-million, or nil per share, compared with adjusted net earnings of $15.3-million, or $0.01 a share, for the comparable period in 2015. The financial performance during the three months ended March 31, beat Wall Street analyst expectations that the miner would post a loss of $0.01 a share, off $808.09-million in revenue.