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Lower gold prices affect Kinross profit

Gold production at Kinross Gold was up in the first quarter however revenue and earnings were down over last year.  Kinross made just under $32-million for the quarter, down from $162 million from the same time a year ago.  However production was up about three percent.  Kinross CEO J. Paul Rollinson admits the lower price of gold has affected company profits.  But Rollinson adds the company is making steady progress to reduce costs.

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