Kinross(KGC)

Search documents
3 Stocks Under $10 With a Robust Dividend Yield
InvestorPlace· 2024-02-09 19:36
There are some high-quality dividend stocks listed on the exchanges. These stocks represent large companies with strong fundamentals. However, it’s relatively challenging to find low-price dividend stocks that have good fundamentals. It’s a bonus if these dividend stocks under $10 trade at a valuation gap.This column focuses on three low-price undervalued dividend stocks that are worth holding for the next 24 to 36 months. Considering the valuation gap, I expect these stocks can deliver 100% total returns w ...
3 Strong Buy Stocks Under $10: January 2024
InvestorPlace· 2024-02-01 23:42
Investors seeking strong buy stocks under $10 offering a potential future of large returns can be difficult. Inexpensive companies tend to have a small market cap and are typically riskier investments compared to stocks that trade for a higher market cap. This is because they are more susceptible to swings in their share price following a market downturn or upswing, press releases and earnings reports.A great way to choose companies that trade cheaply and have the potential for a promising future is to find ...
Here's Why Kinross Gold (KGC) is a Strong Value Stock
Zacks Investment Research· 2024-01-25 15:41
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The ...
The 3 Best Dividend Growth Stocks to Buy in January 2024
InvestorPlace· 2024-01-17 15:47
Within the dividend stock portfolio, there is a case for finer diversification. First, there are blue-chip dividend stocks with stable cash flows and relatively muted dividend growth. Further, there are some of the best dividend growth stocks to buy that also trade at attractive valuations. This column focuses on the dividend growth stocks that are worth considering at current levels.The first screening for some of the best dividend growth stocks is historical dividend growth CAGR. Further, these are compan ...
Kinross to announce 2023 Q4/full-year results and 2024 guidance on February 14, 2024
Newsfilter· 2024-01-15 22:00
TORONTO, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K, NYSE:KGC) (the "Company") will release its 2023 fourth-quarter and full-year financial statements and operating results on Wednesday, February 14, 2024, after market close. The Company will also provide its full-year 2024 guidance, mineral reserve, and mineral resource statement as of December 31, 2023, and an exploration and project update. Kinross will hold a conference call and audio webcast on Thursday, February 15, 2024, at 8 a ...
Why Kinross Gold (KGC) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-01-10 00:34
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...
Kinross(KGC) - 2023 Q3 - Earnings Call Transcript
2023-11-09 16:17
Financial Data and Key Metrics Changes - The company generated nearly $1.2 billion of operating cash flow in the first nine months of 2023, with over $400 million of free cash flow after reinvestment [5][10] - In Q3 2023, the company produced 585,000 ounces of gold, with an average realized gold price of $1,929 per ounce, and cost of sales at $911 per ounce [11][12] - Adjusted earnings per share for Q3 was $0.12, and adjusted operating cash flow per share was $0.38 [13][14] Business Line Data and Key Metrics Changes - Tasiast produced a record 171,000 ounces in Q3, with a cost of sales of $666 per ounce, while Paracatu produced 172,000 ounces at a cost of $845 per ounce [16][17] - La Coipa produced 66,000 ounces at a cost of sales of $629 per ounce, making it the lowest cost operation [16][17] - US operations saw improved production across all sites, with Fort Knox producing approximately 72,000 ounces and Round Mountain producing approximately 64,000 ounces [17][18] Market Data and Key Metrics Changes - The company expects to finish 2023 in the lower half of its cost guidance range, below $970 per ounce [12][13] - The average realized gold price in Q3 was in line with the average spot gold price, indicating stable market conditions [11] Company Strategy and Development Direction - The company is focused on delivering strong cash flow and maintaining a competitive dividend while advancing projects that will contribute to future growth [10][25] - The approval of Phase S at Round Mountain is expected to secure meaningful production scale through the end of the decade, with a focus on optimizing design and reducing capital expenditures [19][20] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting full-year guidance, with strong year-to-date performance and a robust production profile [10][25] - The company is committed to responsible mining and has made significant progress in ESG initiatives, including a solar facility at Tasiast to reduce carbon emissions [9][10] Other Important Information - The company ended Q3 with $465 million in cash and approximately $2 billion in total liquidity, with a net debt to EBITDA ratio of 1.1 times [14] - The construction of the solar power plant at Tasiast is nearly complete, expected to reduce carbon emissions by over half a million tons [9] Q&A Session Summary Question: Can you elaborate on the pit design at Round Mountain? - Management confirmed that optimization work has reduced the strip ratio from 2.3 to 2.1, improving overall project economics [27][29] Question: What are the grades and tons for Phase S and Phase W? - Phase S is estimated to contain around 800,000 ounces with grades close to 0.8 grams per ton, while Phase W has about 150,000 ounces remaining [34][41] Question: How are the ramp-ups at Tasiast and La Coipa going into Q4? - Management indicated that Tasiast is on track for production in the 21,000 to 22,000 ounce range for Q4, with La Coipa also showing steady improvements [52][53] Question: What is the expected CapEx for Phase S? - The company plans to spend approximately $125 million on Phase S in 2024 and $60 million in 2025 [46][60] Question: What are the expectations for the Great Bear project? - Management anticipates a resource increase at Great Bear, with a target of around one million ounces by year-end 2023 [73][74]
Kinross(KGC) - 2023 Q3 - Earnings Call Presentation
2023-11-09 13:22
Third Quarter 2023 Results November 9th, 2023 Delivering Value. Conference Call Participants ...
Kinross(KGC) - 2023 Q4 - Annual Report
2024-02-14 22:27
Exhibit 99.1 Kinross Gold Corporation 25 York Street, 17th Floor Toronto, ON Canada M5J 2V5 For more information, please see Kinross' 2023 Q3 Financial Statements and MD&A at www.kinross.com NEWS RELEASE Kinross reports strong 2023 third-quarter results Company on track to meet annual guidance Tasiast achieves record quarterly production and delivers strong free cash flow Phase S supports production at Round Mountain through end of decade Toronto, Ontario – November 8, 2023 – Kinross Gold Corporation (TSX: ...
Kinross(KGC) - 2023 Q2 - Earnings Call Transcript
2023-08-03 15:02
Financial Data and Key Metrics Changes - The company produced 555,000 ounces of gold in Q2 2023, benefiting from seasonal factors and mine sequencing, with gold sales of 553,000 ounces [12] - The average realized gold price was $1,976 per ounce, with cost of sales at $900 per ounce, lower than the previous quarter due to higher production [12] - All-in sustaining costs (AISC) were $1,296 per ounce in Q2, a decrease from the prior quarter, primarily due to lower cost of sales [12] - The company ended the quarter with $478 million in cash and approximately $1.9 billion of liquidity, both improving from Q1 [13] Business Line Data and Key Metrics Changes - Tasiast produced 158,000 ounces at a cost of sales of $652 per ounce, with throughput ramp-up progressing well [16] - La Coipa was the lowest cost, highest margin mine, tracking well against full year production guidance [18] - Paracatu saw improvements in production and costs due to increased grades and recoveries, with Q3 expected to be the strongest for the year [18] Market Data and Key Metrics Changes - The company has produced over 1 million ounces year-to-date and remains on track to meet full year production and cost guidance [8] - The company repaid $220 million of debt in Q2 and plans to repay the remaining $100 million drawn on its revolver in the coming months [8] Company Strategy and Development Direction - The company is focusing on debt repayment and has paused share buybacks due to a change in credit outlook [8] - The construction of the Manh Choh project is on schedule and on budget, expected to contribute high-grade ore in the second half of next year [5] - The company is committed to advancing its ESG initiatives, including a solar project at Tasiast expected to deliver 34 megawatts of renewable energy [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting full year guidance and highlighted strong cash flow generation [8] - The company anticipates cost increases in the second half of the year due to inventory accounting impacts but expects costs to decline in 2024 [15][52] - Management remains optimistic about exploration potential at Great Bear and other projects, expecting resource increases by year-end [26][68] Other Important Information - The company has repurchased $400 million of shares since the beginning of 2023, representing 8% of shares outstanding [8] - The company reaffirmed its full year guidance for production in the range of 2.1 million ounces and cost of sales of $970 per ounce [15] Q&A Session Summary Question: Potential design changes at Great Bear - Management indicated that the resource growth is an extension rather than a design change, with a focus on transitioning to a full underground mine [32] Question: Outlook for Tasiast grades - Management noted that while grades are strong, a drop-off is expected in Q4, with adjustments to mine sequencing being considered [34] Question: Debt reduction targets - Management aims to reduce net debt to below 1 times EBITDA, with a focus on repaying the remaining $100 million on the credit facility [36][38] Question: Paracatu grades in the second half - Management expects grades to be slightly higher than the first half but lower than previous years due to mining sequences [42] Question: Cost structure and inflationary pressures - Management acknowledged some relief in certain areas but overall costs are expected to align with the previously factored 5% increase [75]