Canadian miner Kinross bolstered its first-quarter production by 23% year-on-year to 466 022 gold-equivalent ounces (GEOs) and is on track to deliver its yearly production and cost guidance, CEO Paul Rollinson reported on Tuesday.
The Tasiast, La Coipa and Paracatu operations delivered strong production, margins and cash flow, including two record production months and record grades at Tasiast.
“Our US operations delivered on plan as we continue to reinvest in our future with a focus on higher-margin opportunities,” said Rollinson.
He reported Kinross continued to make progress advancing its pipeline of development and exploration projects.
“The Tasiast 24k project is on schedule to reach nameplate capacity mid-year and the Tasiast solar power plant is expected to come online by the end of the year. At Great Bear, drilling results continue to confirm mineralization with good widths and high grades including at depths of more than one kilometre.”