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Kinross Gold reports Q4 adjusted EPS 9c, consensus 7c

Reports Q4 revenue $1.076B, consensus $1.05B. J. Paul Rollinson, President and CEO, said, "Reflecting on 2022, it was a challenging year with significant change. I am proud of our global team who came together to address the challenges we faced and am pleased to note that we finished each quarter stronger than the last. As we have exited from Russia and Ghana, and are developing our Great Bear project in Red Lake, Ontario, our portfolio is now more weighted in the Americas. We are excited about the Great Bear initial mineral resource estimate, which we announced earlier this week. We believe we have a world-class development project at Great Bear and two cornerstone production assets, Tasiast and Paracatu, that together produce over 50 per cent of our gold. We introduced an enhanced share buyback program which, along with our quarterly dividend, saw us return $455M to shareholders in 2022, which represented about 8% of our market cap. We expect to continue with our dividend and dynamic buyback program in 2023 and 2024."

Published first on TheFly

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