Financial Performance - The company's attributable production for Q2 2025 was 512,574 Au eq oz[18], compared to 535,338 Au eq oz in Q2 2024[18], a decrease of approximately 4264 Au eq oz. - Attributable all-in sustaining cost was $1,493 per Au eq oz sold in Q2 2025[18], compared to $1,387 in Q2 2024[18]. - Attributable free cash flow was $647 million in Q2 2025[18], compared to $346 million in Q2 2024[18]. - Adjusted net earnings per share were $0.44 in Q2 2025[18], compared to $0.14 in Q2 2024[18]. - The company repurchased $225 million in shares[25] and is on track for a target of $650 million in total capital returns for 2025[25]. Production and Operations - The company is on track to meet its FY2025 production guidance of 2.0 million Au eq oz (+/- 5%)[12, 15, 26]. - Paracatu produced 149,264 Au eq oz in Q2 2025[36] and is on track to meet its 2025 guidance of 585,000 Au eq oz[36]. - Tasiast produced 119,241 Au eq oz in Q2 2025[41] and is on track to meet its 2025 guidance of 500,000 Au eq oz[41]. - US Operations produced 189,930 Au eq oz in Q2 2025[50] and is on track to meet its 2025 guidance of 685,000 Au eq oz[50]. Projects and Exploration - The company has a significant resource base of potential extensions at existing operations and new growth projects[62]. - The company is progressing with detailed engineering and mine plan optimization to support the potential for a re-start of operations at Curlew[74].

Core Insights - Kinross Gold reported revenue of $1.73 billion for the quarter ended June 2025, marking a 41.7% increase year-over-year [1] - The earnings per share (EPS) was $0.44, up from $0.14 in the same quarter last year, representing a surprise of +33.33% over the consensus estimate of $0.33 [1] Financial Performance - The reported revenue exceeded the Zacks Consensus Estimate of $1.35 billion by +28.3% [1] - Gold equivalent ounces produced totaled 530.08 million ounces, surpassing the average estimate of 480.41 million ounces from three analysts [4] - The average realized gold price per ounce was $3,284.00, compared to the estimated $2,885.45 by two analysts [4] Cost Metrics - The attributable all-in sustaining cost per equivalent ounce sold was $1.49 billion, lower than the estimated $1.57 billion [4] - The production cost of sales per equivalent ounce sold was $1,080, significantly below the estimated $1,198.6 [4] Market Performance - Kinross Gold shares returned +3.1% over the past month, slightly underperforming the Zacks S&P 500 composite's +3.4% change [3] - The stock holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - Kinross Gold Corporation reported strong financial results for Q2 2025, achieving record free cash flow of approximately $650 million, driven by robust margins and operational performance, while also advancing development projects and returning capital to shareholders [1][4][18]. Return of Capital to Shareholders - The company has reactivated its share buyback program, repurchasing approximately $225 million in shares of a planned $500 million for the year, and has returned about $300 million in capital to shareholders year-to-date [5][22][23]. - Kinross is on track to return a minimum of $650 million to shareholders for the full year, including a minimum of $500 million in share repurchases [23]. Operations Highlights - Kinross produced 512,574 gold equivalent ounces in Q2 2025, a decrease from 535,338 ounces in Q2 2024, with production costs of $1,080 per ounce sold [8][13]. - The average realized gold price increased to $3,284 per ounce in Q2 2025, compared to $2,342 per ounce in Q2 2024, contributing to a revenue increase of 42% year-over-year to $1,728.5 million [14][18]. - Operating cash flow rose to $992.4 million, and attributable free cash flow increased by 87% to $646.6 million compared to Q2 2024 [17][18]. Development and Exploration Projects - The company is advancing several high-quality development and exploration projects, including the Great Bear AEX program and Round Mountain Phase X, with significant progress in drilling and engineering studies [6][30][34]. - At Round Mountain Phase X, over 4,500 meters of decline development has been completed, with strong drilling results indicating continued mineralization [34][35]. Financial and Operating Results - Reported net earnings for Q2 2025 were $530.7 million, or $0.43 per share, more than doubling from $210.9 million, or $0.17 per share, in Q2 2024 [18][19]. - Attributable all-in sustaining cost per gold equivalent ounce sold was $1,493 in Q2 2025, compared to $1,387 in Q2 2024 [17]. - As of June 30, 2025, Kinross had cash and cash equivalents of $1,136.5 million, significantly up from $694.6 million at the end of Q1 2025 [21].

Investors interested in Mining - Gold stocks are likely familiar with 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. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimate ...

Core Insights - Agnico Eagle Mines Limited (AEM) and Kinross Gold Corporation (KGC) are significant players in the gold mining industry, with operations worldwide, and are currently compared for investment opportunities due to favorable gold prices amidst global uncertainties [1][25] Gold Price Dynamics - Gold prices have increased approximately 26% in 2024, reaching a peak of $3,500 per ounce on April 22, driven by aggressive trade policies and central bank accumulation of gold reserves [2] Agnico Eagle Overview - Agnico Eagle is focused on growth projects, including the Odyssey project and the Hope Bay Project, which has proven and probable reserves of 3.4 million ounces [4][5] - The merger with Kirkland Lake Gold has positioned Agnico Eagle as a leading senior gold producer with a strong pipeline of projects [6] - AEM reported a 33% year-over-year increase in operating cash flow to $1,044 million in Q1, with free cash flows of $594 million, up around 50% year-over-year [7][8] - AEM has a low long-term debt-to-capitalization ratio of about 5% and returned approximately $920 million to shareholders last year [8][9] Kinross Gold Overview - Kinross Gold has a strong production profile and ongoing projects like Great Bear and Round Mountain Phase X, which are expected to enhance production and cash flow [10][11] - KGC reported record free cash flows of around $1.3 billion in 2024, with a significant increase in Q1 free cash flow to $370.8 million [13] - KGC has reduced its net debt to approximately $540 million and has a long-term debt-to-capitalization ratio of 14.4% [14] Stock Performance and Valuation - Year-to-date, AEM stock has increased by 58.2%, while KGC stock has risen by 69.5%, both outperforming the Zacks Mining – Gold industry [15] - AEM trades at a forward earnings multiple of 18.16, while KGC trades at 11.44, indicating KGC is more attractively priced [17][18] Earnings Growth Estimates - The Zacks Consensus Estimate for AEM's 2025 sales and EPS indicates growth of 26.7% and 57.7%, respectively [19] - KGC's 2025 sales and EPS estimates suggest growth of 18.1% and 94.1%, respectively [23] Investment Considerations - Both AEM and KGC are well-positioned to benefit from favorable gold prices, with strong financial health and growth prospects [25] - AEM is favored for its higher dividend yield and lower financial leverage, making it a more attractive option for investors seeking exposure to the gold sector [25]

Core Insights - Kinross Gold Corporation (KGC) is expected to report strong second-quarter 2025 results, benefiting from higher gold prices and robust production, despite facing challenges from increased costs [1][6]. Financial Performance - The Zacks Consensus Estimate for KGC's second-quarter earnings is 32 cents per share, reflecting a 128.6% year-over-year increase. Revenue estimates stand at $1.35 billion, indicating a 10.3% rise year-over-year [2]. - KGC has outperformed the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average earnings surprise of 16.1% [3][4]. Production and Costs - Higher gold prices, which reached a record high of $3,500 per ounce in April 2025, are expected to positively impact KGC's performance. The average realized gold price for KGC in Q2 is estimated at $2,771 per ounce, an 18.3% increase from the previous year [6][7]. - Production costs have risen, with a 6% year-over-year increase in production costs of sales per ounce to $1,043 in Q1. The all-in-sustaining costs (AISC) are projected to rise 8.1% year-over-year to $1,499 per ounce in Q2 [9]. Market Position and Valuation - KGC's stock has increased by 79.7% over the past year, outperforming the Zacks Mining – Gold industry's 42.7% rise and the S&P 500's 17.9% increase [10]. - KGC is currently trading at a forward 12-month earnings multiple of 11.44, which is about 10% lower than the peer group average of 12.72 [13]. Growth Prospects - KGC has a strong production profile and a promising pipeline of exploration and development projects, including Great Bear in Ontario and Round Mountain Phase X in Nevada, which are expected to enhance production and cash flow [14][15]. - The company maintains a strong liquidity position and generates substantial cash flows, allowing it to finance development projects and enhance shareholder value [15]. Investment Outlook - With a solid pipeline of projects, strong financial health, and favorable market conditions, KGC stock is viewed as an attractive investment opportunity ahead of its earnings announcement [16].

Core Viewpoint - Analysts forecast Kinross Gold (KGC) will report quarterly earnings of $0.32 per share, reflecting a year-over-year increase of 128.6% and revenues of $1.35 billion, a 10.3% increase compared to the previous year [1]. Group 1: Earnings Estimates - The consensus EPS estimate has been revised 3.2% lower over the last 30 days, indicating a reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [3]. Group 2: Key Metrics - The average realized gold price per ounce is estimated to reach $2885.45, up from $2342.00 in the same quarter last year [5]. - The production cost of sales per equivalent ounce sold is estimated at $1199, compared to $1029 in the previous year [5]. - The attributable all-in sustaining cost per equivalent ounce sold is projected at $1.57 billion, an increase from $1.39 billion year-over-year [6]. Group 3: Market Performance - Kinross Gold shares have returned +8.2% over the past month, outperforming the Zacks S&P 500 composite's +4.9% change [6]. - With a Zacks Rank 1 (Strong Buy), KGC is expected to outperform the overall market in the near future [6].

Core Insights - Kinross Gold Corporation (KGC) experienced a 6% year-over-year increase in production costs of sales per ounce, reaching $1,043 in Q1 2025, while all-in-sustaining costs (AISC) rose nearly 3% to $1,355 per gold equivalent ounce sold, indicating inflationary pressures [1][7] - The company anticipates further cost pressures in 2025, projecting full-year AISC to reach $1,500 and production cash costs around $1,120 per ounce, driven by weaker production expectations and inflation [2][7] - KGC's stock has increased by 73.6% year-to-date, outperforming the Zacks Mining – Gold industry, which rose by 58.7%, largely due to a rally in gold prices [6] Cost Analysis - KGC's AISC remains lower than peers such as Barrick Mining Corporation and Newmont Corporation, but the expected rise in costs for the remainder of 2025 suggests potential margin compression risks [5] - Barrick reported a 22% sequential increase in AISC to $1,775 per ounce, influenced by operational challenges and lower production [3] - Newmont's costs applicable to sales rose 16% year-over-year to $1,227 per ounce, with AISC at $1,651, reflecting a significant increase due to production declines [4] Earnings and Valuation - The Zacks Consensus Estimate indicates a year-over-year earnings rise of 94.1% for KGC in 2025 and 7.5% in 2026, with EPS estimates trending higher over the past 60 days [8] - KGC is currently trading at a forward 12-month earnings multiple of 11.72, which is a 7.9% discount to the industry average of 12.73X, and holds a Value Score of A [9]

Core Viewpoint - Kinross Gold Corporation has sold all of its common shares in White Gold Corp, totaling 23,681,160 shares, which represents approximately 12% of White Gold's outstanding shares, for an aggregate sale price of CAD 6,869,905.51 at an average price of CAD 0.29 per share [1]. Company Summary - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada, focusing on responsible mining, operational excellence, disciplined growth, and balance sheet strength [3]. - Kinross is listed on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC) [3]. Additional Information - An early warning report related to the investment is available on White Gold's profile on SEDAR+ [2]. - Kinross's head office is located in Toronto, Ontario, while White Gold's head office is also in Toronto, Ontario [2]. - Media and investor relations contacts are provided for further inquiries [4].

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Kinross Gold (KGC) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Kinross Gold is expected to report quarterly earnings of $0.27 per share, reflecting a year-over-year increase of +92.9% [3]. - Revenues are projected to be $1.35 billion, which is a 10.3% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.74% lower in the last 30 days, indicating a reassessment by analysts [4]. - Despite the downward revision, the Most Accurate Estimate for Kinross Gold is higher than the consensus, resulting in a positive Earnings ESP of +15.34% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [10]. - Kinross Gold holds a Zacks Rank of 1, indicating a high likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Kinross Gold exceeded the expected earnings of $0.22 per share by delivering $0.30, resulting in a surprise of +36.36% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Industry Context - In the Zacks Mining - Gold industry, Idaho Strategic Resources, Inc. is expected to post earnings of $0.12 per share, indicating a year-over-year decline of -29.4% [18]. - Idaho Strategic Resources has seen a 23.1% increase in its consensus EPS estimate over the last 30 days, but its Earnings ESP is 0%, making predictions about beating the consensus EPS estimate uncertain [19].