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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade	8/10/2011 7:23:40 PM
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kinross.com Aug 10 (Reuters) - Kinross Gold (K.TO) more than doubled its quarterly profit and raised its dividend payout on Wednesday, as surging bullion prices and acquisition-related production growth helped boost results. reuters.com Aug 10 (Reuters) - Kinross Gold (K.TO) more than doubled its quarterly profit and raised its dividend payout on Wednesday, as surging bullion prices and acquisition-related production growth helped boost results. Toronto-based Kinross said its net income in the quarter ended June 30 rose to $247.4 million, or 22 cents a share, up from a year-ago profit of $110.4 million, or 16 cents a share. Excluding one-time items earnings in the period rose to $226.5 million, or 20 cents a share, from $111.4 million, or 16 cents a share. Gold production in the quarter rose nearly 26 percent to 676,245 ounces, while revenue rose 42 percent to $987.8 million. The company raised its semi-annual dividend payout by 1 cent to 6 cents share. Kinross, which has operations spread across the globe, said it remains on track to produce between 2.6 million and 2.7 million ounces in 2011. (Reporting by Euan Rocha; editing by Gunna Dickson)

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