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Kinross Gold beats 3Q profit forecasts

TORONTO (AP) _ Kinross Gold Corp. (KGC) on Wednesday reported third-quarter net income of $60.1 million.

The Toronto-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring costs, came to 7 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The gold mining company posted revenue of $828 million in the period.

The company's shares closed at $4.18. A year ago, they were trading at $3.91.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KGC at https://www.zacks.com/ap/KGC