Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

From: Wade	5/8/2012 8:36:16 PM
	of 44698

Kinross reports 2012 first quarter results kinross.com Financial and operating highlights: • Production1:604,247 gold equivalent ounces, a 6% decrease over Q1 2011. • Revenue:$1,036.6 million, an 11% increase over Q1 2011. • Production cost of sales2:$742 per gold equivalent ounce, compared with $545 in Q1 2011. • Attributable margin3:$902 per ounce sold, a 15% increase over Q1 2011. • Adjusted operating cash flow4:$339.7 million, a 14% decrease over Q1 2011. Adjusted operating cash flow per share was $0.30, compared with $0.35 in Q1 2011. • Adjusted net earnings4, 5:$203.1 million, a 16% increase over Q1 2011. Adjusted net earnings per share were $0.18, compared with $0.15 in Q1 2011. • Reported net earnings5:$105.7 million, or $0.09 per share, compared with $250.1 million, or $0.22 per share, for Q1 2011. • Outlook:The Company expects to be within its 2012 forecast guidance for production (2.6–2.8 million attributable gold equivalent ounces) and production cost of sales ($670–715 per gold equivalent ounce).