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Kinross Gold Corporation

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Kinross Gold posted a loss on a reported basis in the first quarter of 2015, hurt by foreign exchange losses. Adjusted earnings beat the Zacks Consensus Estimate. Revenues fell on lower gold pricing, but beat expectations. The company saw lower gold production in the quarter. Kinross is making steady progress in advancing the projects that give it a strong growth profile among leading gold producers. It also remains focused on managing costs and improving cash flows. However, macroeconomic issues could weaken the demand for gold. In addition, the gold price environment remains challenging. Its falling gold and silver reserve base is another concern.

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