Kinross reports 35% dip in Q3 earnings on lower sales

Canadian major Kinross Gold has reported a 35% dip in third-quarter profit as metal sales fell, the company advised on Wednesday. The Toronto company reported adjusted net earnings attributable to common shareholders for the three months ended September of $84.1-million, or $0.07 a share, compared with $128.7-million, or $0.10 a share, for the same period in 2016. The company attributed the decrease to lower revenue and income tax recovery.