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]

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 ...

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]

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]

Financial Performance - Kinross Gold Corporation (KGC) reported a fourth-quarter 2024 profit of $275.6 million or 22 cents per share, a significant increase from $65.4 million or 6 cents in the same quarter last year [1] - Adjusted earnings for the quarter were 20 cents per share, up from 11 cents year-over-year, although it missed the Zacks Consensus Estimate of 23 cents [1] - Revenues increased by 26.9% year-over-year to $1,415.8 million, surpassing the Zacks Consensus Estimate of $1,108.1 million [1] Operational Performance - The company produced 514,355 gold equivalent ounces in the reported quarter, a decrease of 5.9% year-over-year, but exceeded the estimate of 443,981 ounces [2] - Average realized gold prices were $2,663 per ounce, up 34.9% from the previous year, beating the estimate of $2,439 per ounce [2] Cost and Margin Analysis - The production cost of sales per gold equivalent ounce was $1,098, an increase of 12.5% from the prior year, above the estimate of $1,089 [3] - All-in-sustaining cost per gold equivalent ounce sold rose approximately 11.6% year-over-year to $1,510, exceeding the estimate of $1,393 [3] - Margin per gold equivalent ounce sold was $1,565 in the quarter, up from $998 in the prior-year quarter [3] Annual Results - For the full year 2024, adjusted earnings were 68 cents per share compared to 44 cents a year ago, with net sales climbing 21.4% year-over-year to $5,148.8 million [4] Financial Position - Cash and cash equivalents at the end of the year were $611.5 million, a 73.5% increase year-over-year [5] - Long-term debt decreased to $1,235.5 million, down about 44.6% [5] Future Outlook - For 2025, KGC expects production to be around 2 million gold equivalent ounces (+/- 5%) and production cost of sales of $1,120 per gold equivalent ounce (+/- 5%) [6] - The company anticipates all-in-sustaining cost per gold equivalent ounce of $1,500 for 2025 and attributable capital expenditures of approximately $1,150 million (+/- 5%) [6] Stock Performance - Kinross shares have surged 122.4% over the past year, compared to a 55% rise in the industry [7]

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. ...

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]

Group 1 - Kinross Gold reported quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.23 per share, but showing an increase from $0.11 per share a year ago, resulting in an earnings surprise of -13.04% [1] - The company posted revenues of $1.42 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 27.77%, compared to $1.12 billion in the same quarter last year [2] - Kinross Gold shares have increased approximately 30.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 3.2% [3] Group 2 - The earnings outlook for Kinross Gold is mixed, with the current consensus EPS estimate for the coming quarter at $0.16 on revenues of $1.29 billion, and $0.84 on revenues of $5.38 billion for the current fiscal year [7] - The Mining - Gold industry, to which Kinross Gold belongs, is currently ranked in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Newmont Corporation, another company in the same industry, is expected to report quarterly earnings of $0.85 per share, reflecting a year-over-year increase of +70%, with revenues anticipated to be $4.88 billion, up 23.4% from the previous year [9][10]