Financial Performance Kinross Gold

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1 financial performance

1.1 2016 performance
1.2 2017 performance
1.3 income (losses)
1.4 gold reserves
1.5 assets
1.6 other





financial performance
2016 performance

in 2016, kinross produced record 2,789,150 gold equivalent ounces , generated $3.472 billion in revenue @ all-in sustaining costs of $984 per ounce of gold produced.


2017 performance

in q1 2017 kinross reported production of 671,956 gold equivalent ounces @ all-in sustaining costs of $953 per ounce. company reported net earnings quarter of $134.6 million , adjusted net earnings of $23.4 million.


income (losses)

kinross gold’s net incomes (losses) were:



2011 ($us 2.013 billion)
2012 ($us 2.509 billion)
2013 ($us 3.742 billion)
2014 ($us 1.193 billion)
2015 ($us 0.989 billion)
2016 ($us 0.104 billion)
2017 $us 0.133 billion - q1

gold reserves

kinross proven , probable gold reserves 30.9 million ounces @ december 31, 2016. amount includes 5.8 million ounces related cerro casale property sold in 2017. in 2010, proven , probable reserves 62.4 million ounces.


assets

kinross gold s total assets decreased in recent years, $us 16.39 billion in 2010 $us 7.73 billion in 2015.


on august 2, kinross gold released 2nd quarter results 2017, posting revenue of $868.6 million, 9.1% quarter-over-quarter, , showing cash position of approximately $1.1 billion.


other

kinross suspended payment of dividends in 2013.


in 2015 in wake of declining gold prices, kinross closed regional office in denver, colorado, , eliminated 110 corporate position in denver, chile, spain, , toronto.


in 2016, kinross credit rating lowered junk status standard & poor s. decision largely based on share of production came mines in russia, saw significant risk.


a record amount of 2.79 million ounces marked 7.5% rise in gold production during 2016. acquisitions of bald mountain , 50% stake in round mountain cited sources of increased production.


in 2017, moody s investors service assigned ba1 rating kinross, driven company s scale (2.78 million gold-equivalent ounces (geo) of march 2017 ltm), low leverage (1.7x ltm adjusted debt/ebitda), , liquidity (sgl-1).








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