Kinross Gold’s Profit Soars; Co. Boosts Dividend

Reuters reported that Kinross Gold (NYSE:KGC) increased its dividend on higher profits due to soaring gold prices.

The market news is quoted as saying:

Toronto-based Kinross also reiterated its 2011 production outlook and said it expects average production costs to come in at the lower end of a previously forecast range. The company said it is facing capital cost pressures, like the rest of the industry.

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