Tuesday, November 3, 2009

Kinross Gold Slips To Loss In Q3 - Quick Facts

Kinross Gold Slips To Loss In Q3 - Quick Facts

(RTTNews) - Kinross Gold Corp. (KGC: News ,K.TO: News ) reported that
its third-quarter net loss was US$21.5 million or US$0.03 per share,
compared to net income of US$64.7 million or US$0.10 per share in the
same quarter last year.

Adjusted net earnings were US$1.7 million or breakeven per share,
compared to US$83.4 million or US$0.13 per share for the same period
last year.

Revenue for the quarter was US$582.3 million, compared to US$503.7
million in the third quarter of 2008, an increase of 16%, while
revenue for the first nine months was US$1.7 billion, a 51% increase

Analysts polled by Thomson Reuters expected the company to report
earnings of US$0.12 per share on revenues of US$577.78 million for the
quarter. Analysts' estimates typically exclude special items.

As previously disclosed, the Company has revised its production
guidance and now expects to produce approximately 2.2 million gold
equivalent ounces for the full year 2009, primarily due to lower than
expected production at the Paracatu expansion. Based on year-to-date
results, the Company expects cost of sales per gold equivalent ounce
guidance to be US$435-450.

Kinross currently expects its gold equivalent production in 2010 to be
similar to its revised forecast for 2009 production. The Company plans
to issue comprehensive guidance on 2010 production and costs in
January 2010.

Source: RTT News Alert, Mon Nov 2 18:21 2009. www.rttnews.com

Sergio Ulhoa Dani, Dr.med., D.Sc. habil.
Göttingen, Germany
Tel. 00(XX)49 15-226-453-423

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