From GlobeNewswire:

Kinross Gold Corporation has announced strong 2023 results and a 2024 guidance of approximately 2.1 million gold equivalent ounces. They delivered on their 2023 guidance and completed the Tasiast and La Coipa projects, driving significant free cash flow. Great Bear added over one million high-grade inferred ounces and exceeded expectations. The company’s 2023 Q4 highlights include record production and strong margins. Reported net earnings in 2023 were $416.3 million. The Board of Directors declared a quarterly dividend of $0.03 per common share. CEO J. Paul Rollinson commented that 2023 was a great year for Kinross, and the company is carrying momentum into 2024. Tasiast remains positioned for a strong year in 2024, and development projects are progressing as planned. Kinross continues to prioritize debt reduction and is committed to operating responsibly, advancing its ESG strategy, and delivering on its commitments. The company was recently named to the Dow Jones Sustainability World Index and plans to publish its 2023 Sustainability and ESG Report later this year. The company’s average realized gold price per ounce was $1,974 in 2023, and production cost of sales per equivalent ounce was $942. All-in sustaining cost per equivalent ounce sold was $1,316. Overall, the financial and operating results for Kinross Gold Corporation in 2023 demonstrate strong performance and positive outlook for 2024.



Read more: Kinross reports 2023 fourth-quarter and full-year results