Kinross increases gold production in 2022, posts net income of $32 million gold Kinross
- Senior global gold miner Kinross announced today that in 2022, the company produced 1,957,237 Au eq. oz. from continuing operations, largely in line with its revised production guidance and up compared with 2021 production of 1,447,240 Au eq. oz. from continuing operations.
Kinross noted that revenue from continuing operations was $3,455.1 million for full-year 2022, compared with $2,599.6 million for full-year 2021, adding that the 33% year-over-year increase is due to the increase in production at Tasiast and La Coipa. For the full year, free cash flow from continuing operations was $238.3 million, compared with a net cash outflow of $126.6 million the previous year.
Kinross Gold also announced that the company’s Board of Directors has declared a dividend of US$0.03 per common share for the fourth quarter of 2022.
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