Kinross Achieves Record Quarterly Free Cash Flow of $837 Million
Kinross Gold Corporation has reported a record quarterly free cash flow of $837 million for the first quarter, driven by strong production and financial performance. The company produced 492,563 gold-equivalent ounces, with margins increasing by 92% year-over-year to a record $3,476 per ounce sold. Kinross declared a dividend of $0.04 per share and has cash and cash equivalents of $2.2 billion. The company remains on track to meet its full-year guidance of two million gold-equivalent ounces.