Core Viewpoint - Kinross Gold Corporation reported strong financial and operational results for 2024, achieving record free cash flow and significant debt repayment, while maintaining stable production guidance for the upcoming years [2][5][43]. Financial Performance - Kinross achieved record free cash flow of over $1.3 billion in 2024, more than doubling year-over-year [5][19]. - The company repaid $800 million of debt during 2024, completing the repayment of a $1 billion term loan by February 10, 2025 [23][25]. - Reported net earnings for Q4 2024 were $275.6 million, or $0.22 per share, compared to $65.4 million, or $0.06 per share, in Q4 2023 [20]. - Full-year net earnings for 2024 were $948.8 million, or $0.77 per share, compared to $416.3 million, or $0.34 per share, in 2023 [20]. Production and Cost Metrics - Gold equivalent production for 2024 was 2.13 million ounces, slightly above the guidance of 2.1 million ounces [3][43]. - The production cost of sales per gold equivalent ounce sold was $1,020 for 2024, up from $942 in 2023 [12][44]. - Attributable all-in sustaining cost per gold equivalent ounce sold was $1,388 for 2024, compared to $1,316 in 2023 [15][45]. Operational Highlights - Tasiast achieved record throughput and production, becoming the highest-margin operation for the company [8][26]. - Paracatu delivered over 500,000 gold ounces for the seventh consecutive year [8]. - Bald Mountain converted nearly 1 million resource ounces to reserves, with plans to proceed with mining at the Redbird pit [7][39]. Future Guidance - Kinross expects to produce approximately 2.0 million attributable gold equivalent ounces in 2025, with stable production guidance for 2026 and 2027 [43][44]. - The attributable production cost of sales is expected to be $1,120 per ounce in 2025, reflecting a moderate increase due to lower overall production and inflationary impacts [44][45]. - Attributable capital expenditures for 2025 are forecasted to be approximately $1,150 million [50]. Sustainability and Community Engagement - Kinross is on track to achieve a 30% reduction in emissions intensity by 2030, having implemented over 15 energy efficiency projects in 2024 [56]. - The company provided flood relief aid to communities in Mauritania and Brazil, demonstrating its commitment to local community support [57]. - Kinross was recognized for its corporate governance, ranking as the top gold mining company in The Globe and Mail's annual corporate governance ranking [58].

CHICAGO, Feb. 11, 2025 /PRNewswire/ -- International Day of Women and Girls in Science, celebrated annually on February 11, highlights the vital contributions of women in science, technology, engineering, and mathematics (STEM) while promoting inclusion in these historically male-dominated fields. Recognized by the United Nations, the day inspires future innovators and underscores the importance of diverse voices in solving global challenges. In recognition of International Day of Women and Girls in Scie ...

Core Insights - Kellanova delivered strong fourth-quarter 2024 results, with both top and bottom lines exceeding Zacks Consensus Estimates, and year-over-year earnings growth [1][4] - Despite a year-over-year decline in sales, organic sales increased due to improved volumes and price/mix [1][5] Financial Performance - Adjusted earnings per share (EPS) reached 92 cents, a 17.9% increase year over year, surpassing the Zacks Consensus Estimate of 82 cents [4] - Net sales totaled $3,124 million, exceeding the Zacks Consensus Estimate of $3,093 million, but reflecting a 1.6% decline year over year due to unfavorable currency movements [5] - Organic net sales grew by 7%, driven by improved volumes and price/mix [5] - Adjusted operating profit increased by 14.4% to $448 million, with a 19.9% rise to $470 million on a currency-neutral basis [6] Segment Performance - North America segment sales were $1,561 million, down 1.7% year over year, with organic sales falling 1.5% [7] - Europe segment revenues totaled $601 million, down 2% year over year, with organic sales dropping 1.2% [7] - Latin America revenues were $303 million, down 7.6% year over year, but organic sales increased by 5.5% [8] - Asia Pacific and Middle East & Africa segment revenues reached $659 million, up 2.1% year over year, with organic sales jumping 36.4% [8] Cash Flow and Debt - Kellanova ended the quarter with cash and cash equivalents of $694 million, long-term debt of $4,998 million, and total equity of $3,882 million [9] - The company generated net cash from operating activities of $1,760 million for the year ended December 28, 2024, with capital expenditures of $628 million and free cash flow of $1,132 million [9] Stock Performance - Kellanova's shares have increased by 10.5% over the past six months, outperforming the industry growth of 5.3% [10]

Kellanova (K) reported $3.12 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 1.6%. EPS of $0.92 for the same period compares to $0.78 a year ago.The reported revenue represents a surprise of +1.00% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being $0.82, the EPS surprise was +12.20%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Kellanova (K) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.20%. A quarter ago, it was expected that this the maker of Pringles and other snacks would post earnings of $0.85 per share when it actually produced earnings of $0.91, delivering a surprise of 7.06%.Over the last four q ...

Kellanova posted robust Q4 2024 earnings, driven by strong organic growth and improved profit margins.Kellanova (K 0.06%), a snacks-focused company celebrated for brands like Pringles and Cheez-It, released its fourth quarter results on February 6, 2025. It reported better-than-expected financial performance, driven by solid organic growth. Adjusted EPS rose to $0.92, surpassing analysts' expectations of $0.83. The quarter's reported operating profit saw a substantial increase of 62.2% year-over-year, refle ...

Pending Transaction: As announced on August 14, 2024, Mars, Incorporated, a family-owned, global leader in pet care, snacking, and food, and Kellanova, a leading company in global snacking, international cereal and noodles, North American plant-based foods, and frozen breakfast foods, had entered into a definitive agreement under which Mars has agreed to acquire Kellanova for $83.50 per share in cash. Shareowners approved this proposed transaction on November 1, 2024. The transaction is subject to customary ...

Company Overview - Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods, with a legacy of over 100 years [1] - The company reported net sales of approximately $13 billion for 2024 [1] Corporate Purpose and Goals - Kellanova aims to create better days and ensure equitable food access through its trusted food brands [2] - The company is committed to addressing hunger, sustainability, wellbeing, and equity, diversity & inclusion [2] - Kellanova's goal is to create Better Days for 4 billion people by the end of 2030, using a 2015 baseline [2]

In its upcoming report, Kellanova (K) is predicted by Wall Street analysts to post quarterly earnings of $0.82 per share, reflecting an increase of 5.1% compared to the same period last year. Revenues are forecasted to be $3.09 billion, representing a year-over-year decrease of 2.6%.The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projec ...

Accessibility Statement Skip Navigation "With our iconic mascot Mr. P on every can, Pringles has the strongest mustache in the snack aisle," said Sarah Reinecke, Kellanova's U.S. Vice President of Marketing, Salty Snacking. "This year, we're harnessing the power of some of the most legendary mustaches in culture to take our crisps to new heights, literally. Fans everywhere are encouraged to 'Stache Up on their favorite Pringles while watching these glorious 'staches soar on game day and beyond." Actor Ada ...