Kinross Gold Corp. (K.TO,KGC) reported its fourth quarter net earnings of US$235.6 million or US$0.34 per share, compared to a loss of US$968.8 million or US$1.47 per share in the same period last year.
Adjusted net earnings for the quarter was US$148.6 million or US$0.21 per share, compared to US$56.8 million or US$0.09 per share in the previous year period.
On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of US$0.16 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue from metal sales for the quarter increased 44% to US$699.0 million from US$484.4 million in the corresponding period last year. Four analysts had a consensus revenues estimate of US$662.82 million for the quarter
Kinross said it has entered into an agreement with Barrick Gold Corp. (ABX,ABX.TO) to sell one-half of its 50% interest in the Cerro Casale project in Chile to Barrick for a total value of US$475 million, comprising US$455 million in cash, plus the assumption by Barrick of a US$20 million contingent obligation.
The company said that its Board of Directors declared a dividend of US$0.05 per share payable on March 31, 2010 to shareholders of record on March 24, 2010.
For comments and feedback contact: editorial@rttnews.com
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.