- Kinross Gold (NYSE:KGC) +3.2% premarket after reporting Q1 earnings which came in slightly better than expectations while revenue fell short of estimates.
- KGC produced ~687K equiv. oz. of gold during Q1 at an all-in sustaining cost of $963/oz., up from the ~629K oz. produced in the year-ago quarter when AISC was $964/oz., as production in the latest quarter was helped by the acquisitions of Round Mountain and Bald Mountain mines in Nevada.
- KGC reaffirms its FY 2016 forecast guidance for production of 2.7M-2.9M gold equiv. oz. while raising its capex outlook by $160M to $755M to include spending on the Tasiast Phase One expansion.