Core Points - Kinross Gold Corporation held its virtual Annual Meeting of Shareholders on May 7, 2025, where the Board of Directors was elected [1] - The voting results showed strong support for the nominees, with most receiving over 95% approval [2][3] Board of Directors Voting Results - George V. Albino received 99.36% approval with 871,979,303 votes for [2] - Kerry D. Dyte had 83.19% approval, receiving 730,095,578 votes for [2] - Glenn A. Ives received 98.62% approval with 865,501,652 votes for [2] - Ave G. Lethbridge had 96.27% approval, receiving 844,857,990 votes for [2] - Michael A. Lewis received 95.62% approval with 839,174,118 votes for [2] - Elizabeth D. McGregor had 99.62% approval, receiving 874,253,046 votes for [2] - Kelly J. Osborne received 95.09% approval with 834,518,595 votes for [2] - George N. Paspalas had 99.34% approval, receiving 871,831,842 votes for [2] - J. Paul Rollinson received 99.40% approval with 872,283,204 votes for [2] - David A. Scott had 99.62% approval, receiving 874,280,120 votes for [2] Other Items of Business Voting Results - The "Say on Pay" resolution on executive compensation received 93.69% approval with 822,213,730 votes for [4] - The appointment of auditors was approved with 92.47%, receiving 866,323,042 votes for [5]

Core Viewpoint - Kinross Gold (KGC) reported quarterly earnings of $0.30 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and showing significant growth from $0.10 per share a year ago, indicating a strong performance in the gold mining sector [1][2]. Financial Performance - The company achieved revenues of $1.5 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 15.65% and up from $1.08 billion in the same quarter last year [2]. - Over the last four quarters, Kinross Gold has exceeded consensus EPS estimates three times and topped revenue estimates four times [2]. Stock Performance - Kinross Gold shares have increased approximately 56.5% since the beginning of the year, contrasting with a decline of 3.9% in the S&P 500 [3]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $1.35 billion, and for the current fiscal year, it is $0.95 on revenues of $5.68 billion [7]. - The trend of estimate revisions for Kinross Gold is favorable, which is a positive indicator for future stock performance [6]. Industry Context - The Mining - Gold industry is currently ranked in the top 13% of over 250 Zacks industries, suggesting a strong overall performance potential [8].

Acquisition Details - Kinross Gold Corporation has acquired 7,574,237 units of Eminent Gold Corp at a price of $0.40 per unit, totaling an aggregate purchase price of $3,029,694.80 [1] - The acquisition was part of a private placement by Eminent, which involved 10,711,900 units, each consisting of one common share and one-half of a share purchase warrant [1] Ownership and Control - Following the acquisition, Kinross holds approximately 9.9% of the issued and outstanding shares of Eminent on a non-diluted basis and 14.15% on a partially diluted basis [2] - Prior to the acquisition, Kinross did not own any securities of Eminent [2] Investment Strategy - Kinross acquired the units for investment purposes and may adjust its investment in Eminent through various means, including market transactions and private placements [4] - The company has agreed to a standstill at 19.9% on a partially diluted basis [4] Company Overview - 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]

Acquisition Details - Kinross Gold Corporation has acquired 7,574,237 units of Eminent Gold Corp at a price of $0.40 per unit, totaling an aggregate purchase price of $3,029,694.80 [1] - The acquisition was part of a private placement by Eminent, which involved 10,711,900 units, each consisting of one common share and one-half of a share purchase warrant [1] Ownership and Control - Following the acquisition, Kinross holds approximately 9.9% of the issued and outstanding shares of Eminent on a non-diluted basis and 14.15% on a partially diluted basis [2] - Prior to the acquisition, Kinross did not own any securities of Eminent [2] Investment Strategy - Kinross acquired the units for investment purposes and may adjust its investment in Eminent through various means, including market transactions and private placements [4] - The company has agreed to a standstill at 19.9% on a partially diluted basis [4] Company Overview - 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]

Industry Overview - The Zacks Mining – Gold industry is part of the broader Zacks Basic Materials sector, which is expected to see a significant decline in earnings for Q1, projected to fall by 17.8% with a 0.7% decrease in revenues [1] - Gold prices have surged approximately 27% year-to-date, driven by global trade tensions and increased safe-haven demand [3] - Gold reached a record high of $3,500 per ounce on April 22, with a nearly 19% increase in the first quarter [4] Company Performance - Gold mining companies are anticipated to benefit from higher gold prices and improved operational efficiency, despite facing inflationary pressures on input costs [2][5] - Kinross Gold Corporation (KGC) is expected to report earnings of 22 cents, with an Earnings ESP of +11.07% and a Zacks Rank 2, having surpassed estimates in three of the last four quarters [8][9] - Sandstorm Gold Ltd. (SAND) is projected to report earnings of 5 cents, with an Earnings ESP of +6.67% and a Zacks Rank 2, although it has missed estimates in three of the last four quarters [11][12] - IAMGOLD Corporation (IAG) is expected to report earnings of 10 cents, with an Earnings ESP of +9.69% and a Zacks Rank 3, having beaten estimates in three of the last four quarters [13][14] Strategic Actions - Gold miners are focusing on reducing operational costs, improving efficiency, and concentrating on high-grade assets to support margins amid rising costs [5] - Companies are also working on paying down debt and eliminating non-core assets to enhance financial stability [5]

Core Viewpoint - Agnico Eagle Mines Limited (AEM) and Kinross Gold Corporation (KGC) are two significant players in the gold mining industry, with both companies poised to benefit from the current surge in gold prices driven by global economic uncertainties and trade tensions [1][2]. Group 1: Company Overview - AEM is focused on growth through key projects such as the Odyssey project, Detour Lake, Hope Bay, Upper Beaver, and San Nicolas, with the Hope Bay Project expected to generate significant cash flow [4]. - The merger with Kirkland Lake Gold has positioned AEM as a leading senior gold producer with a robust pipeline of development and exploration projects [5]. - KGC has a strong production profile and is advancing projects like Great Bear and Round Mountain Phase X, which are anticipated to enhance production and cash flow [9]. Group 2: Financial Performance - AEM's operating cash flow increased by approximately 55% year-over-year to $1,132 million in Q4 2024, with free cash flows of $570 million, up around 89% year-over-year [6]. - KGC generated record free cash flows of about $1.3 billion in 2024 and ended the year with liquidity of roughly $2.3 billion, having repaid $800 million of debt [11]. - AEM returned around $920 million to shareholders through dividends and repurchases, with a dividend yield of 1.3% and a five-year annualized dividend growth rate of 10.3% [7]. Group 3: Cost Structure - AEM's total cash costs per ounce of gold rose roughly 4% year-over-year, with all-in-sustaining costs (AISC) increasing about 7% year-over-year [8]. - KGC experienced a 12.5% year-over-year rise in production costs of sales per ounce to $1,098 in Q4 2024, with expectations for further increases in 2025 [12]. Group 4: Stock Performance and Valuation - Year-to-date, AEM stock has increased by 51.2%, while KGC stock has risen by 54.8%, both outperforming the Zacks Mining – Gold industry's increase of 51% [13]. - AEM is trading at a forward 12-month earnings multiple of 23.22, representing a 39% premium over the industry average of 16.7X, while KGC is trading at a multiple of 15.29, below the industry average [14][16]. Group 5: Growth Prospects - The Zacks Consensus Estimate for AEM's 2025 sales and EPS implies year-over-year growth of 17% and 23.2%, respectively [17]. - KGC's 2025 sales and EPS estimates suggest year-over-year growth of 10.7% and 39.7%, respectively [20]. Group 6: Investment Recommendation - Both AEM and KGC are well-positioned to benefit from the rising gold prices, with strong pipelines and financial health, but AEM is favored due to its higher dividend yield and lower financial risk [21][22].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Kinross Gold (KGC) - Kinross Gold currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3]. - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4]. Performance Metrics - KGC shares have increased by 2.92% over the past week, outperforming the Zacks Mining - Gold industry, which rose by 2.54% [6]. - Over the past month, KGC's price change is 19.76%, significantly higher than the industry's 4.23% [6]. - In the last quarter, KGC shares have risen by 35.51%, and over the past year, they have gained 124.54%, while the S&P 500 has moved -12.83% and 6.97%, respectively [7]. Trading Volume - KGC's average 20-day trading volume is 20,036,914 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, 5 earnings estimates for KGC have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $0.81 to $0.95 [10]. - For the next fiscal year, 3 estimates have moved up, with 1 downward revision noted [10]. Conclusion - Considering the positive momentum indicators and earnings outlook, KGC is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12].

Core Viewpoint - The article compares Kinross Gold (KGC) and Agnico Eagle Mines (AEM) to determine which stock is a better undervalued investment option for investors in the Mining - Gold sector [1] Valuation Metrics - KGC has a forward P/E ratio of 15.48, while AEM has a forward P/E of 23.24 [5] - KGC's PEG ratio is 0.73, indicating a more favorable valuation compared to AEM's PEG ratio of 1.21 [5] - KGC's P/B ratio is 2.59, compared to AEM's P/B of 2.92, suggesting KGC is more undervalued based on this metric [6] - KGC holds a Value grade of B, while AEM has a Value grade of C, indicating KGC is the superior value option based on these metrics [6] Earnings Outlook - Both KGC and AEM currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and improving earnings outlooks for both companies [3]

Core Insights - Kinross Gold Corporation has temporarily suspended mill operations at its Tasiast mine due to a fire that occurred on April 14, 2025, which has been extinguished without any reported injuries [1][2] - The company is investigating the fire's cause and assessing damage, but does not expect changes to its production guidance for Tasiast, as critical spare parts are available on-site [2] - Tasiast achieved record production of 622,394 gold equivalent ounces in 2024 and is expected to produce 500,000 gold equivalent ounces in 2025 [3] Production and Financial Outlook - For 2025, Kinross expects consolidated production to be around 2 million gold equivalent ounces, with a production cost of sales estimated at $1,120 per gold equivalent ounce [4] - The all-in-sustaining cost per gold equivalent ounce is projected to be $1,500 for 2025, with attributable capital expenditures estimated at approximately $1,150 million [4] Stock Performance - Kinross shares have surged 128.2% over the past year, outperforming the industry average rise of 52% [3] - The company currently holds a Zacks Rank 3 (Hold), while other better-ranked stocks in the basic materials sector include Carpenter Technology Corporation, Idaho Strategic Resources, and ArcelorMittal [5]

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]