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Kinross Gold reports first-quarter loss but tops expectations

TORONTO – TORONTO (AP) _ Kinross Gold Corp. (KGC) on Tuesday reported a loss of $13.9 million in its first quarter.

The Toronto-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, came to less than 1 cent on a per-share basis.

The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The gold mining company posted revenue of $782.6 million in the period.

Kinross Gold shares have more than tripled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.52, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KGC at http://www.zacks.com/ap/KGC

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Keywords: Kinross Gold, Earnings Report