Kinross veröffentlicht Quartalszahlen für Q2/17:
2017 second-quarter highlights:
- Production1: 694,874 gold equivalent ounces (Au eq. oz.), compared with 671,267 Au eq. oz. in Q2 2016.
- Revenue: $868.6 million, compared with $876.4 million in Q2 2016.
- Production cost of sales2: $660 per Au eq. oz., compared with $731 in Q2 2016.
- All-in sustaining cost2: $910 per Au eq. oz. sold, compared with $988 in Q2 2016. All-in sustaining cost per gold ounce (Au oz.) sold on a by-product basis was $901 in Q2 2017, compared with $976 in Q2 2016.
- Operating cash flow: $179.7 million, compared with $315.9 million in Q2 2016.
- Adjusted operating cash flow2: $230.8 million for Q2 2017, an increase of 23% compared with $187.2 million for Q2 2016.
- Adjusted net earnings (loss)2,3: $54.9 million, or $0.04 per share, compared with adjusted net loss of $9.8 million, or $0.01 per share, in Q2 2016.
- Reported net earnings (loss)3: Net earnings increased to $33.1 million, or $0.03 per share, compared with a net loss of $25.0 million, or $0.02 per share, in Q2 2016, mainly due to a decrease in production cost of sales.
- Organic development projects:
- The Tasiast Phase One expansion continues to advance on time and on budget and is expected to reach full commercial production in Q2 2018. Plant construction is now 55% complete.
- The Tasiast Phase Two and Round Mountain Phase W feasibility studies are on schedule to be completed in September. The Company expects to make a development decision on both projects at that time.
- At Bald Mountain, engineering work at the Vantage Complex in the South area is progressing on schedule.
- In Russia, the Company has started processing ore from the September Northeast satellite deposit near Dvoinoye, while at Moroshka, decline development is on schedule, with construction of surface infrastructure now complete.
- Outlook: Kinross expects to be within its 2017 guidance for production (2.5 - 2.7 million Au eq. oz.), production cost of sales ($660 - $720 per Au eq. oz.) and all-in sustaining cost ($925 - $1,025 per Au eq. oz.). The Company expects to be within its capital expenditures guidance of $900 million (+/- 5%).
- Debt offering: On July 6, 2017, Kinross closed its offering of debt securities, consisting of $500.0 million principal amount of 4.50% Senior Notes due 2027. The Company used the net proceeds, along with available cash on hand, to repay its term loan, which was due August 2020.
- Balance sheet:As of June 30, 2017, Kinross had cash and cash equivalents of $1,061.3 million, and available credit of $1,433.1 million, for total liquidity of approximately $2.5 billion. The Company has no scheduled debt repayments until 2021.
Quelle: http://www.kinross.com/news-and-investors/...ter-results/default.aspx
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