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Friday
Nov032006
KINROSS GOLD CORP: Decent set of results
Friday, November 3, 2006 at 11:36AM
“It's not about big, it's about smart and better margins," a quote from CEO Burt.
Kinross has just posted good third quarter results more or less in line with analysts’ expectations.
Net income of just over US$50.0 million, which equates to US$0.14 per share compared to a net loss of US$44.4 million or US$0.13 per share in same quarter a year ago.
Kinross also stated that it intends to concentrate on organic growth rather than hit the acquisitions trail, a sentiment that we agree with.
Kinross trades as KGC on NYSE
03 November 2006
Kinross has just posted good third quarter results more or less in line with analysts’ expectations.
Net income of just over US$50.0 million, which equates to US$0.14 per share compared to a net loss of US$44.4 million or US$0.13 per share in same quarter a year ago.
Kinross also stated that it intends to concentrate on organic growth rather than hit the acquisitions trail, a sentiment that we agree with.
Kinross trades as KGC on NYSE
03 November 2006
Reader Comments (1)
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