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Kinross beats estimates, cuts debt

Kinross Gold Corp (CN:K) has managed to pay down its net debt on better-than-expected production and cost results in the June quarter.

Kinross beats estimates, cuts debt Kinross beats estimates, cuts debt Kinross beats estimates, cuts debt Kinross beats estimates, cuts debt Kinross beats estimates, cuts debt

The Tasiast phase one expansion project should reach commercial production during the June quarter of 2018

Both output and cost performance surpassed analysts’ expectations across the board and allowed the company to lower its net debt by 26% from the previous quarter to US$674 million.