Kinross Gold Q3 Profit Plunges - Quick Facts

(RTTNews) - Kinross Gold Corp. (KGC) Wednesday reported third-quarter net income attributable to common shareholders of $41.9 billion or $0.04 per share, compared to $224.9 million or $0.20 per share in the same period last year.

Adjusted earnings for the quarter was $54.4 million, or $0.05 per share, compared to $251.9 million, or $0.22 per share in the comparable quarter last year. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.04 per share for the quarter. Analysts' estimates typically exclude special items.

Metal sales dropped to $876.3 million from $1.11 billion last year, while five analysts expected revenues of $762.84 million.