Kinross Gold Has Strong Performance

 

TORONTO - Kinross Gold reported that performance was strong in the first quarter, and the region is on track to meet both production and production cost of sales guidance for the year. Regional production was higher compared with Q1 2012, but lower compared with the previous quarter, mainly due to the expected winter slow-down of production from the heap leach at Fort Knox, in Alaska, and lower mill output as a result of harder ore and slightly lower grade. The harder ore Fort Knox encountered during the quarter is not expected to continue in Q2. Kettle River-Buckhorn, in Washington, had an outstanding quarter, as throughput increased compared with the previous quarter, while Round Mountain, in Nevada, performed as anticipated during the quarter.