Acquisition Details - Kinross Gold Corporation (KGC) has acquired 7,574,237 units of Eminent Gold Corp. at 40 cents per unit, totaling approximately $3 million [1] - The acquisition follows Eminent's private placement of 10,711,900 units, with each unit consisting of one common share and one-half of a share purchase warrant [1] - Each warrant allows the holder to purchase one common share at 70 cents for 24 months from issuance [1] Ownership and Market Impact - Post-acquisition, Kinross holds 7,574,237 common shares and 3,787,118 warrants, representing about 9.9% of Eminent's issued shares on a non-diluted basis and approximately 14.15% on a partially diluted basis [2] - Kinross shares have increased by 72% over the past year, outperforming the industry average rise of 26.7% [2] Production and Financial Outlook - Kinross aims to produce 2 million gold equivalent ounces (+/- 5%) in 2025, with a production cost of sales per gold equivalent ounce of $1,120 (+/- 5%) and an all-in sustaining cost of $1,500 (+/- 5%) per ounce sold [3] - Total attributable capital expenditures are projected to be $1,150 million (+/- 5%) [3] Company Rankings and Comparisons - Kinross currently holds a Zacks Rank 2 (Buy) [4] - Other top-ranked stocks in the basic materials sector include Carpenter Technology Corporation (CRS), Idaho Strategic Resources, Inc. (IDR), and Hawkins, Inc. (HWKN) [4] - Carpenter Technology has a Zacks Rank 1 (Strong Buy) and has seen a 112% increase in shares over the past year [4] - Idaho Strategic Resources has a current-year earnings estimate of 21 cents and a Zacks Rank 2, with shares up 28% in the past year [5] - Hawkins, with a Zacks Rank 1, has delivered an average earnings surprise of 6.1% and shares have increased by 57.3% in the past year [6]

Group 1 - The article emphasizes the importance of in-depth research on undervalued miners, highlighting the potential for portfolio outperformance through strategic positioning [1] - Subscribers gain access to current portfolios, real-time buy/sell alerts, and detailed metrics such as grams per tonne (G/T), gold-equivalent ounces (GEOs), and all-in sustaining costs (AISC) [1] - The article mentions specific terminology relevant to the mining industry, including life of mine plan (LOMP), tonnes per day (TPD), and production cost of sales [1]

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]

The Zacks Mining – Gold industry is housed within the broader Zacks Basic Materials sector. The Q1 earnings picture for this sector looks glum. Basic Materials is among the Zacks sectors that are expected to see the biggest decline in earnings in the first quarter. Overall earnings for the space are projected to fall 17.8% on 0.7% lower revenues, per the latest Earnings Preview. Gold mining companies’ first-quarter results are expected to reflect the benefits of higher gold prices and efforts to boost opera ...

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]