TORONTO (AP) — TORONTO (AP) — Kinross Gold Corp. (KGC) on Wednesday reported a fourth-quarter loss of $106 million, after reporting a profit in the same period a year earlier.
The Toronto-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The gold mining company posted revenue of $1.08 billion in the period.
For the year, the company reported a loss of $605.2 million, or 47 cents per share, swinging to a loss in the period. Revenue was reported as $3.46 billion.
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