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Are You Looking for a Top Momentum Pick? Why Kinross Gold (KGC) is a Great Choice
ZACKS· 2025-04-23 17:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
KGC vs. AEM: Which Stock Should Value Investors Buy Now?
ZACKS· 2025-04-23 16:40
Investors interested in stocks from the Mining - Gold sector have probably already heard of Kinross Gold (KGC) and Agnico Eagle Mines (AEM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets compan ...
Kinross Temporarily Halts Tasiast Mill Operations Following Fire
ZACKS· 2025-04-16 12:45
Kinross Gold Corporation (KGC) has temporarily suspended mill operations at its Tasiast mine following a fire that broke out on April 14, 2025, which has since been completely extinguished. No injuries were reported, and mining activities are continuing as planned. The company is currently investigating the cause of the fire and evaluating the extent of the damage and any potential operational impact. Preliminary findings suggest the fire was confined to the SAG discharge area. With critical spare parts alr ...
Kinross to announce Q1 results on May 6, 2025
Newsfilter· 2025-04-07 21:00
Financial Results Announcement - Kinross Gold Corporation will release its financial statements and operating results for Q1 2025 on May 6, 2025, after market close [1] - A conference call and audio webcast to discuss the results will be held on May 7, 2025, at 7:45 a.m. EDT [1] Annual Meeting of Shareholders - The Annual Meeting of Shareholders is scheduled for May 7, 2025, at 10:00 a.m. EDT, conducted virtually to enhance shareholder participation [2] - The virtual meeting will be accessible online, and voting instructions for eligible shareholders are provided in the Company's Notice of Annual Meeting [2][3] Company Information - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada [5] - The company focuses on responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet [5] Additional Resources - The 2024 Annual Report and other relevant documents have been filed with SEDAR+ and EDGAR, and shareholders can request audited financial statements [4] - Access to Kinross' Management Information Circular and 2024 Annual Report is available online [5]
Kinross Gold Receives TSX Acceptance to Renew NCIB Program
ZACKS· 2025-03-20 16:50
Kinross Gold Corporation (KGC) stated that the Toronto Stock Exchange (TSX) accepted the company's notice to renew its normal course issuer bid (NCIB) program.Under the NCIB program, KGC is authorized to purchase up to 110,350,160 of its common shares (out of 1,229,635,757 outstanding as of Feb. 28, 2025), representing up to 10% of its public float of 1,103,501,601 common shares, between March 24, 2025, and March 23, 2026.Kinross Gold perceives that the market price of the common shares may not always compl ...
Kinross announces renewal of NCIB
Newsfilter· 2025-03-19 21:00
Core Viewpoint - Kinross Gold Corporation has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB) program, allowing the company to repurchase up to 110,350,160 common shares over the next year, which represents 10% of its public float [1][2][3] Summary by Sections NCIB Program Details - The NCIB program permits Kinross to buy back up to 110,350,160 common shares from March 24, 2025, to March 23, 2026, out of a total of 1,229,635,757 shares outstanding as of February 28, 2025 [2] - Daily repurchases on the TSX will be limited to a maximum of 853,989 shares, which is 25% of the average daily trading volume for the six months ended February 28, 2025 [4] Rationale for Share Buyback - The company believes that the market price of its common shares may not fully reflect their intrinsic value, making the buyback an attractive use of available funds [3] - Kinross aims to enhance shareholder returns through share buybacks and quarterly dividends, supported by a strong balance sheet and free cash flow generation [3] Purchase Mechanism - Purchases will be conducted through the TSX, NYSE, and other permitted means, with the price based on the market value at the time of acquisition [5] - An automatic repurchase plan has been established to facilitate share purchases during predetermined blackout periods [6] Company Overview - Kinross Gold Corporation is a Canadian-based senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada, focusing on responsible mining and operational excellence [7]
Kinross Gold Inks Agreement to Acquire Shares of Relevant Gold
ZACKS· 2025-03-03 11:35
Acquisition Details - Kinross Gold Corporation (KGC) has signed a deal to acquire 15,410,000 common shares of Relevant Gold Corp. at a price of 30 Canadian cents per share, totaling C$4,623,000 [1] - After the acquisition, Kinross will hold approximately 19.9% of Relevant Gold's total outstanding shares on a non-diluted basis and about 21.8% on a partially diluted basis, assuming the exercise of existing warrants [2] Strategic Intent - The acquisition is part of a strategic investment in Relevant Gold, with Kinross having no specific plans or intentions regarding its investment at present, but may develop new plans based on market conditions and other factors [4] Ownership Restrictions - Kinross has agreed not to exercise its warrants if it would increase its ownership to over 20% without obtaining approval from disinterested shareholders for the creation of a new control person [3] Financial Performance - Kinross shares have increased by 99.6% over the past year, outperforming the industry average rise of 38.2% [5] Production and Cost Expectations - For 2025, Kinross expects to produce 2 million gold equivalent ounces with a production cost of sales of $1,120 per gold equivalent ounce and an all-in-sustaining cost of $1,500 per gold equivalent ounce [6]
Kinross Gold's Q4 Earnings Miss Estimates, Revenues Beat
ZACKS· 2025-02-14 14:31
Kinross Gold Corporation (KGC) recorded a fourth-quarter 2024 profit of $275.6 million or 22 cents per share, up from a profit of $65.4 million or 6 cents logged in the year-ago quarter.KGC reported adjusted earnings of 20 cents per share, up from the prior-year quarter figure of 11 cents. The bottom line missed the Zacks Consensus Estimate of 23 cents.  Revenues rose 26.9% year over year to $1,415.8 million in the fourth quarter. It topped the Zacks Consensus Estimate of $1,108.1 million.KGC’s Operational ...
Kinross(KGC) - 2024 Q4 - Earnings Call Presentation
2025-02-13 20:05
Fourth Quarter and Year-End 2024 Results February 13th, 2025 Other information Where we say "we", "us", "our", the "Company", or "Kinross" in this presentation, we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may be applicable. The technical information about the Company's mineral properties contained in presentation has been prepared under the supervision of Mr. Nicos Pfeiffer who is a "qualified person" within the meaning of National Instrument 43- 101. Delivering Value. ...
Kinross(KGC) - 2024 Q4 - Earnings Call Transcript
2025-02-13 20:04
Financial Data and Key Metrics Changes - In Q4 2024, the company produced just over 500,000 ounces of gold, contributing to a full-year production of over 2.1 million ounces, which met market commitments [6][7] - The company generated record free cash flow of more than $1.03 billion, more than doubling from the prior year, driven by strong operating margins that increased by 37% compared to a 23% increase in the realized gold price [7][8] - Full-year cost of sales was $1,021 per ounce, with all-in sustaining costs at $1,388 per ounce, both in line with guidance [25][31] Business Line Data and Key Metrics Changes - Tasiast and Paracatu, the two largest assets, accounted for approximately 1.2 million ounces, over half of the total production [8] - Tasiast delivered record annual throughput and production of 622,000 ounces at a cost of sales of $681 per ounce, while Paracatu produced 529,000 ounces at a cost of sales of $1,039 per ounce [9][38] - La Coipa met its full-year production guidance with 246,000 ounces, while U.S. operations produced 731,000 ounces at a cost of sales of $1,313 per ounce [41][42] Market Data and Key Metrics Changes - The company revised its gold price assumptions to $1,600 per ounce for reserves and $2,000 per ounce for resources, reflecting a stronger gold price environment [15][46] - The company expects production to remain stable at around 2 million ounces through 2027, supported by future production from its project pipeline [17][18] Company Strategy and Development Direction - The company is focused on maintaining strong margins and disciplined capital allocation, prioritizing debt repayment and planning for share buybacks in the current gold price environment [19][29] - The company is advancing several projects, including Great Bear and Red Bird, which are expected to extend production and enhance the overall resource base [11][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's operational and financial health, highlighting a strong production profile and significant free cash flow generation [68] - The company is committed to responsible mining and sustainability, with plans to publish a detailed sustainability report [20][21] Other Important Information - The company has fully repaid its $1 billion term loan and is well-positioned for additional capital returns to shareholders [28][29] - The company plans to initiate a share buyback program later in the year, contingent on maintaining strong cash flow [19][29] Q&A Session Summary Question: Inquiry about Tasiast operation downtime - Management confirmed a downtime of about 4 to 5 days for maintenance, but production throughput remained on target [72] Question: Exploration and resource reporting at Round Mountain - Management clarified that there are currently no underground reserves at Phase X, but infill drilling is expected to yield an initial underground resource by year-end [83] Question: Share buyback timing and conditions - Management indicated that share buybacks would be considered after Q1 cash outflows, with a focus on maintaining a strong balance sheet [95][96] Question: Tax guidance and implications - Management explained that increased tax guidance is due to becoming income taxable in Mauritania and higher gold prices impacting tax obligations in Brazil and Chile [109][110] Question: Capital allocation and cash balance considerations - Management stated that they aim to maintain a healthy cash balance while considering future capital returns and potential debt repayments [120][121]