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Sept 17 (Reuters) - Canadian miner Kinross Gold Corp on Thursday lowered its full-year capital spending and overhead costs forecasts and raised the lower end of its production outlook. The company, which has been looking for ways to reduce costs amid sliding metals prices, cut its 2015 capital spending forecast to $650 million from $725 million. ""Every region has stepped up and is expected to produce at, or above, its prior guidance range, and below prior cost guidance ranges," Chief Executive Paul Rollinson said in a statement. Kinross said it expects overhead expenses to be below its forecast of $205 million and said it is looking to more opportunities to lower such costs further. The company said it expects to produce 2.5-2.6 million gold equivalent ounces in 2015, compared with its previous forecast of 2.4-2.6 million gold equivalent ounces. Kinross reduced its all-in sustaining cost forecast to a range of $975 to $1,025 per ounce from $1,000 to $1,100. Cost of sales is now expected to be $690-$730 per ounce, down from its previous forecast of $720-$780 per ounce. Kinross had slid to a loss in the second quarter, in line with market expectations, on the back of a weaker gold price, lower gold sales and the temporary suspension of operations at a mine in Chile. At that time, in July, Rollinson said Kinross was again considering cutting jobs at its Tasiast gold mine in Mauritania to lower costs. (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Savio D'Souza)
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Kinross Gold Corporation
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PRODUCTEUR |
CODE : K.TO |
ISIN : CA4969024047 |
CUSIP : 496902404 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Kinross Gold est une société de production minière d'or basée au Canada. Kinross Gold est productrice d'or, d'argent en USA, au Bresil, au Canada, au Chili, au Ghana, en Mauritanie et in Russia, en développement de projets d'argent, de cuivre et d'or au Chili, et détient divers projets d'exploration au Canada, au Chili et in Russia. Ses principaux projets en production sont ROUND MOUNTAIN en USA, CRIXÁS, MORRO DO OURO et PARACATU au Bresil, REFUGIO MINE (VERDE AND PANCHO), FORT KNOX, MARICUNGA et LA COIPA au Chili, PORCUPINE et MUSSELWHITE au Canada, CHIRANO au Ghana, TASIAST en Mauritanie et KUPOL in Russia, ses principaux projets en développement sont KETTLE RIVER, GOLD HILL et CERRO CASALE au Chili et ses principaux projets en exploration sont AHAFO NORTH, BIBIANI NORTH, BOLE, BOLE - BOLGATANGA, AKYEM, RUSSIAN MOUNTAIN, HORN MOUNTAIN, GIL, ENCHI et GOLDBANKS - KINROSS au Ghana, FRUTA DEL NORTE en Equateur, HAMMOND REEF au Canada, KUBAKA MINE - BIRKACHAN in Russia et LOBO-MARTE au Chili. Kinross Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,5 milliards CA$ (8,4 milliards US$, 7,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 27 octobre 2000 à 1,43 CA$, et son plus haut niveau récent le 13 décembre 2002 à 9,99 CA$. Kinross Gold possède 1 246 749 952 actions en circulation. |