Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canada’s 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. Revenue was $782.6 million in the period.
The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
