Kinross Gold third quarter earnings beat market expectations, cuts capex

(Reuters) - Kinross Gold Corp reported better-than-expected third-quarter earnings on the back of a stronger gold price and slightly higher production. At the same time, its 2016 all-in sustaining costs - the gold industry's cost benchmark - were headed toward the upper half of its forecast range of $890 to $990 per ounce, it said. Kinross, which is the world's fifth-biggest gold miner, said its net earnings were $2.5 million, or zero a share, in the three months through September.