TORONTO (Reuters) - Miner Kinross Gold said on Wednesday its quarterly operating profit rose 82 percent, largely due to increased gold production and a stronger gold price.
Kinross, which has mining projects in places as far flung as Alaska, Russia, Chile and Mauritania, said that excluding one-time items, its earnings in the period were $273.4 million, or 24 cents a share, up from $116.8 million, or 15 cents a share, a year earlier.
Net income in the quarter ended September 30 was $212.6 million, or 19 cents a share, down from $540.9 million, or 69 cents a share, a year earlier, when results were boosted by the sale of the company's interest in Harry Winston and the Diavik Diamond Mines.
