KINROSS GOLD CORP: Decent set of results
Friday, November 3, 2006 at 11:36AM
Gold Prices in Gold Mining Companies
“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
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