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Risk-to-Price Commentary: Kinross Gold Corp. Feb 13

  • ID: 2405517
  • February 2013
  • Standard & Poors
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On Feb. 13, 2013, Kinross Gold Corp., the Canadian gold mining and processing company, is poised to report fourth-quarter net income of $244m, according to S&P Capital IQ analysts, 24% higher than fourth-quarter 2011. On Nov. 7, 2012, the company beat consensus analyst estimates by reporting third quarter net income of $225 million, a modest increase over $207 million for the same period in 2011. Third-quarter adjusted net earnings declined 7% to $250 million, partly due to a severance package the company paid its former CEO. Earlier in the year, Kinross announced a cost reduction initiative and has targeted a $200m capital expenditure budget reduction for 2012. In our Feb. 1, 2013, review of the North American materials subsector, the...

Companies mentioned in this report are:
- Kinross Gold Corp.

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Kinross Gold Corp.

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