Kinross(KGC)
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Kinross Gold: From Discounted Mid-Tier To Top-Tier Cash Machine
Seeking Alpha· 2025-09-30 16:01
When I analyze Kinross Gold (NYSE: KGC ) in this 2025, I can’t help but think about how much it changed the market’s perception of this company. For years it was treated as a second-tierI am an individual investor with over five years of experience in personal investing, holding a PhD in Economics from UCEMA. My investment approach focuses on value companies with solid long-term potential. I share my knowledge with the community by offering analysis to support individual investors. My articles reflect perso ...
The Gold Rush of 2025: Where Do We Go from Here?
Daily Reckoning· 2025-09-30 14:31
Core Insights - The precious metals market has experienced significant gains in 2025, with gold, silver, and platinum prices rising substantially, indicating a strong trend in hard assets [4][22]. Precious Metals Performance - Gold started the year at $2,645 per ounce and has risen to over $3,850, marking a gain of over 47% [4]. - Silver began at $29.60 per ounce and is now over $47, reflecting a gain of about 58% [4]. - Platinum started at $995 per ounce and is currently in the $1,600 range, achieving a gain of 60% [4]. Investment Considerations - The increase in precious metal prices is attributed to the declining value of the dollar, a trend that has been ongoing since the U.S. left the gold standard in 1971 [7][22]. - Investors are advised to hold physical metals rather than selling them, as they represent real money and are not subject to the liabilities associated with financial instruments [10][12]. Mining and Royalty Companies - The rise in precious metal prices has positively impacted mining and royalty companies, leading to significant stock price increases for several key players: - Franco Nevada Corp. (FNV) rose from $125 to $225 [15]. - Royal Gold, Inc. (RGLD) increased from $134 to $198 [15]. - Osisko Royalties (OR) went from $18 to over $39 [15]. - Wheaton Precious Metals (WPM) climbed from $56 to $110 [15]. - Major mining companies also saw substantial gains: - Barrick Mining (B) increased from $14 to $33 [18]. - Newmont Mining (NEM) rose from $38 to $84 [18]. - Agnico Eagle Mines (AEM) moved from $83 to $166 [19]. - Kinross Gold (KGC) increased from $9.50 to over $24 [19]. Market Outlook - The ongoing trend suggests that as long as precious metal prices continue to rise, royalty plays and mining companies will benefit from increased cash flow and profitability [16][24]. - The potential for a global recovery in faith in the dollar could impact precious metal prices, but such a scenario seems unlikely given current government spending trends [17][22].
Kinross Gold Divests Stake in Asante Gold for C$73.1 Million
ZACKS· 2025-09-24 14:37
Key Takeaways Kinross Gold sold 36.9M Asante Gold shares for gross proceeds of C$73.1M.KGC remains a supportive investor in Asante through convertible instruments.Kinross' shares have surged 153.7% in a year, outperforming its industry.Kinross Gold Corporation (KGC) announced the sale of 36,927,650 common shares in Asante Gold Corporation at C$1.98 per share, representing roughly 5.2% of the outstanding shares.The transaction, through a private placement, generated gross proceeds of approximately C$73.1 mil ...
NEM vs. KGC: Which Gold Mining Stock Is Worth Betting on Now?
ZACKS· 2025-09-24 13:21
Core Viewpoint - Newmont Corporation (NEM) and Kinross Gold Corporation (KGC) are positioned to benefit from soaring gold prices driven by the Federal Reserve's dovish stance and global trade tensions [1][2][3] Gold Market Overview - Gold prices have surged approximately 43% this year, reaching over $3,700 per ton for the first time, influenced by central bank purchases and geopolitical uncertainties [3] - Central banks globally are accumulating gold reserves due to risks associated with aggressive trade policies [2] Newmont Corporation (NEM) - Newmont is investing in growth projects such as the Ahafo North expansion in Ghana and the Cadia Panel Caves in Australia, aimed at increasing production capacity and extending mine life [5] - The acquisition of Newcrest Mining Limited has enhanced Newmont's portfolio, expected to generate $500 million in annual run-rate synergies [6] - Newmont's divestiture program is projected to yield $3 billion in after-tax cash proceeds, reinforcing its capital allocation strategy [8] - The company reported a liquidity position of $10.2 billion, with free cash flow increasing to $1.7 billion, and has returned approximately $2 billion to shareholders [9] - Newmont offers a dividend yield of 1.2% with a sustainable payout ratio of 20% [10] Kinross Gold Corporation (KGC) - Kinross has a strong production profile with key projects like Great Bear in Ontario and Round Mountain Phase X in Nevada, expected to enhance cash flow [12] - Tasiast and Paracatu are significant contributors to cash flow, with Tasiast being the lowest-cost asset [13] - Kinross ended Q2 2025 with liquidity of approximately $2.8 billion and reported a free cash flow increase of 87% year-over-year [14] - The company repaid $800 million of debt in 2024, improving its net debt position to around $100 million [15] - Kinross has a dividend yield of 0.5% with a payout ratio of 10% [15] Financial Performance and Valuation - Year-to-date, NEM stock has increased by 127.5%, while KGC stock has risen by 164.1%, outperforming the industry average of 117.7% [18] - KGC trades at a forward earnings multiple of 16.52, while NEM trades at 15.38, indicating a discount for Newmont [19][20] - The Zacks Consensus Estimate for NEM's 2025 sales and EPS indicates growth of 10.7% and 57.5%, respectively, while KGC's estimates imply growth of 27.8% and 108.8% [24][25] Investment Consideration - Both companies are well-positioned to capitalize on high gold prices, with strong financial health and development pipelines [27] - Newmont is viewed as a more attractive investment option due to its higher dividend yield and favorable valuation compared to Kinross [27]
Kinross sells common shares in Asante Gold for $53m
Yahoo Finance· 2025-09-24 10:54
Canada-based senior gold mining company Kinross Gold Corporation has sold a total of 36,927,650 common shares of Asante Gold Corporation. This sale represents approximately 5.2% of Asante's outstanding shares and accounts for 100% of the common shares previously held by Kinross. The shares were sold on a private placement basis and fetched C$73.11m. Each share was priced at C$1.98, excluding commission. Before the sale, Kinross owned around 5.2% of the outstanding shares and up to 13.2% on a partially d ...
Kinross Gold: Still An Undervalued Miner In A Strong Gold Market (NYSE:KGC)
Seeking Alpha· 2025-09-24 04:20
Group 1 - Kinross Gold Corporation (NYSE: KGC) has shown a significant increase in stock price, rising approximately 53% since July, indicating a healthy and undervalued status [1] - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities and technology, which enhances the quality of insights provided [2] - The focus of the analyst's research has been primarily on metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [2]
Kinross Gold: Still An Undervalued Miner In A Strong Gold Market
Seeking Alpha· 2025-09-24 04:20
Group 1 - Kinross Gold Corporation (NYSE: KGC) has shown a significant increase in stock price, rising approximately 53% since July, indicating a healthy and undervalued status [1] - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities and technology, which enhances the quality of insights provided [2] - The focus of the analyst's research has been on metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [2]
Kinross sells entire stake in Asante within two weeks
MINING.COM· 2025-09-23 17:39
Kinross Gold (TSX: K, NYSE: KGC) said on Tuesday it has sold its entire shareholding in Asante Gold (TSXV: ASE) at a discount, without providing reasons for the divestment.According to an early warning report, Kinross sold approximately 36.93 million of Asante’s shares, representing 5.2% of those outstanding, at a price of C$1.80 per share. Asante opened the session at C$2.20 and later rose to a 52-week high of C$2.29, giving Asante a market capitalization of roughly C$1.6 billion ($1.16bn).Kinross had alre ...
Kinross Sells Portion of Asante Gold Position
Globenewswire· 2025-09-23 13:00
(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross”) (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 36,927,650 common shares (“Shares”) of Asante Gold Corporation (“Asante”) representing approximately 5.2% of the outstanding Shares and 100% of the Shares held by Kinross. The Shares were sold at a price per Share of C$1.98 (not including commission), representing an aggregate sale ...
Kinross Sells Portion of Asante Gold Position
Globenewswire· 2025-09-23 13:00
Core Viewpoint - Kinross Gold Corporation has sold 36,927,650 common shares of Asante Gold Corporation, representing approximately 5.2% of the outstanding shares, for a total of C$73,116,747 at a price of C$1.98 per share [1] Group 1: Sale Details - The shares were sold on a private placement basis and are subject to a hold period until December 13, 2025 [2] - Prior to the sale, Kinross held approximately 5.2% of the outstanding shares and up to 13.2% on a partially-diluted basis [1] - After the sale, Kinross retains convertible instruments representing approximately 8.4% of the outstanding shares on a partially diluted basis [1] Group 2: Future Intentions - Kinross may consider future purchases or sales of Asante securities depending on market conditions and other factors [2] - Currently, Kinross has no specific plans or intentions regarding its investment in Asante [2] Group 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 [4] - The company focuses on responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet [4]