Kinross Gold Corporation KGC delivered net earnings of $60.9 million or 5 cents per share in third-quarter 2019 against loss of $104.4 million or 8 cents in the year-ago quarter.Barring one-time items, adjusted earnings were 8 cents per share, meeting the Zacks Consensus Estimate.Revenues rose 16.3% year over year to $877.1 million on higher average realized gold prices.Kinross Gold Corporation Price, Consensus and EPS Surprise Kinross Gold Corporation price-consensus-eps-surprise-chart | Kinross Gold Corporation Quote Operational PerformanceAttributable gold production and sales were 608,033 and 592,689 ounces, up 3.7% and down 4.2% year over year, respectively.Production cost of sales per gold equivalent ounce fell 5.4% year over year to $735 in the quarter. All-in sustaining cost per gold equivalent ounce sold declined 2% year over year to $1,028.Margin per gold equivalent ounce sold was $732 in the third quarter, up 69.4% year over year.Average realized gold prices amounted to $1,467 per ounce, up from $1,209 in the year-ago quarter.Financial ReviewAdjusted operating cash flow jumped 100.7% year over year in the third quarter to $295.4 million, supported by higher margins. Cash and cash equivalents were $358 million, down 23.8% year over year.Long-term debt amounted to $1,836.8 million at the end of the third quarter. Notably, the company has no scheduled debt maturities due until September 2021.Capital expenditure declined 3.9% year over year to $265.5 million in the third quarter.OutlookKinross stated that it is on track to attain the production target of 2.5 million (+/- 5%) gold equivalent ounces for 2019. All-in sustaining costs are expected to be $995 (+/- 5%) per gold equivalent ounce.The company also expects to meet the lower end of its 2019 production cost of sales guidance of $730 (+/- 5%) gold equivalent ounces and the higher end of its 2019 capital expenditure projection of $1,050 million (+/- 5%). It anticipates income tax expenses of $175-$195 million on an adjusted basis.Price PerformanceShares of Kinross have rallied 80.9% in the past year compared with the industry’s 55.3% growth.Zacks Rank & Others Stocks to ConsiderKinross currently sports a Zacks Rank #1 (Strong Buy).Some other top-ranked stocks in the basic materials space are Impala Platinum Holdings Ltd. IMPUY, Franco-Nevada Corporation FNV and Agnico Eagle Mines Limited AEM, each currently flaunting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Impala Platinum has an expected earnings growth rate of 237.9% for the current fiscal year. The company’s shares have surged 280% in the past year.Franco-Nevada has a projected earnings growth rate of 39.3% for 2019. The company’s shares have rallied 48.2% in a year.Agnico Eagle has an estimated earnings growth rate of 168.6% for the current year. Its shares have moved up 67.6% in the past year.Wall Street’s Next AmazonZacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.Click for details >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Franco-Nevada Corporation (FNV): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis Report Impala Platinum Holdings Ltd. (IMPUY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research