Kinross lifts Q3 gold margin 36%

Canadian multinational miner Kinross Gold on Wednesday reported a 36% wider attributable margin on every gold-equivalent ounce sold, rising to $617/oz, compared with a third-quarter 2015 margin of $454/oz. "Our portfolio of mines continued to deliver consistent and solid operational performance in the third quarter. Strong production, combined with a higher gold price, increased adjusted operating cash flow by 55% and adjusted net earnings by $153-million, year-over-year,” stated president and CEO Paul Rollinson.