OTTAWA (dpa-AFX) - Kinross Gold Corp. (K.TO, KGC) reported net income for the first quarter of US$160.5 million or US$0.14 per share, compared to US$99.6 million or US$0.09 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was US$170.5 million or US$0.15 per share, compared to US$196.1 million or US$0.17 per share in the prior year quarter.
Revenue for the first quarter rose to US$1.06 billion from US$1.01 billion a year ago.
First quarter production totaled 648,897 gold equivalent ounces, compared with 588,358 ounces in the first quarter of last year.
The company said it expects to be within its 2013 forecast guidance for production (2.4-2.6 million attributable gold equivalent ounces), production cost of sales (US$740-US$790 per gold equivalent ounce), all-in sustaining cost (US$1,100-US$1,200 per gold ounce sold) and capital expenditures (US$1.6 billion).
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