Core Viewpoint - Kinross Gold Corporation (KGC) reported significant growth in profit and revenue for the third quarter of 2024, driven by higher gold prices and operational efficiency [1][2]. Financial Performance - KGC recorded a profit of $355.3 million or 29 cents per share, up from $109.7 million or 9 cents per share in the same quarter last year. Adjusted earnings per share were 24 cents compared to 12 cents previously, beating the Zacks Consensus Estimate of 18 cents [1]. - Revenues increased by 29.9% year over year to $1,432 million, exceeding the Zacks Consensus Estimate of $1,186.7 million [2]. Operational Performance - The company produced 564,106 gold equivalent ounces, a decrease of 4% year over year, but higher than the estimate of 528,770 ounces. Average realized gold prices were $2,477 per ounce, up approximately 28.4% from the previous year [3]. - The production cost of sales per gold equivalent ounce was $976, an increase of 7.1% year over year, but lower than the estimate of $997. All-in-sustaining cost per gold equivalent ounce sold rose roughly 4.2% year over year to $1,350, also lower than the estimate of $1,372 [4]. Cash Flow and Financial Review - Operating cash flow was $733.5 million in Q3 2024, compared to $406.8 million a year ago. Free cash flow increased to $414.6 million from $137.7 million in the prior-year quarter [5]. Outlook - KGC is on track to meet its production guidance of 2.1 million gold equivalent ounces (+/- 5%) and other cost and capital expenditure guidance for 2024. Annual production is expected to remain stable at around 2 million gold equivalent ounces in 2025 and 2026 [6]. Stock Performance - KGC shares have increased by 103.3% over the past year, outperforming the industry average increase of 45.8% [7].

Here are three stocks with buy rank and strong value characteristics for investors to consider today, November 11:Pitney Bowes Inc. (PBI) : This shipping and mailing company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.Pitney Bowes has a price-to-earnings ratio (P/E) of 19.95 compared with 51.80 for the industry. The company possesses a Value Scoreof A.Kinross Gold Corporation (KGC) : This gold mining company carr ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, November 11:Pitney Bowes Inc. (PBI) : This shipping and mailing company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% the last 60 days.This Zacks Rank #1 company has a dividend yield of 2.6%, compared with the industry average of 1.7%.Kinross Gold Corporation (KGC) : This gold mining company has witnessed the Zacks Consensus Estimate for its current year earnings ...

Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following: Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, a ...

Kinross Gold Corporation (NYSE:KGC) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET Company Participants David Shaver - Vice President of Investor Relations Paul Rollinson - Chief Executive Officer Andrea Freeborough - Executive Vice President & Chief Financial Officer Claude Schimper - Executive Vice President & Chief Operating Officer William Dunford - Senior Vice President, Technical Services Geoff Gold - President Conference Call Participants Josh Wolfson - RBC Capital Markets Anita Soni - ...

Financial Performance - Attributable production was 564,106 Au eq oz in Q3 2024[12], and 1,626,843 Au eq oz YTD 2024[12], compared to 585,449 Au eq oz in Q3 2023 and 1,606,507 Au eq oz YTD 2023[12] - Cost of Sales was $976 per Au eq oz sold in Q3 2024[12], and $995 YTD 2024[12], compared to $911 in Q3 2023 and $931 YTD 2023[12] - Attributable All-in Sustaining Cost was $1,350 per Au eq oz sold in Q3 2024[12], and $1,349 YTD 2024[12], compared to $1,296 in Q3 2023 and $1,303 YTD 2023[12] - Operating Cash Flow was $734 million in Q3 2024[12], and $1,712 million YTD 2024[12], compared to $407 million in Q3 2023 and $1,194 million YTD 2023[12] - Attributable Free Cash Flow was $415 million in Q3 2024[12], and $906 million YTD 2024[12], compared to $138 million in Q3 2023 and $443 million YTD 2023[12] - Earnings Per Share was $0.29 in Q3 2024[12], and $0.55 YTD 2024[12], compared to $0.09 in Q3 2023 and $0.29 YTD 2023[12] - Adjusted Net Earnings Per Share was $0.24 in Q3 2024[12], and $0.49 YTD 2024[12], compared to $0.12 in Q3 2023 and $0.33 YTD 2023[12] Balance Sheet and Liquidity - Net Debt reduced to $1.2 billion as of quarter end[13] - The company has $473 million of cash and cash equivalents and $2.1 billion of total liquidity[13] Production Outlook and Guidance - The company is on track to meet FY2024 guidance of 2.1 million Au eq oz (+/- 5%)[14] - Attributable Production Cost of Sales guidance is $1,020 per Au eq oz sold[14] - Attributable All-in Sustaining Cost guidance is $1,360 per Au eq oz sold[14] - Attributable Capital Expenditures guidance is $1,050 million[14] Project Highlights - Great Bear PEA highlights a 518 koz/year average annual production over the first 8 years, $491 million FCF/year, and $812/oz AISC[36] - Lobo-Marte has a potential life of mine production of 4.7 million Au eq oz and annual production of ~300 koz[35]

Kinross Gold (KGC) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this gold mining company would post earnings of $0.13 per share when it actually produced earnings of $0.14, delivering a surprise of 7.69%.Over the last four quarters, the c ...

Exhibit 99.1 KINROSS GOLD CORPORATION MANAGEMENT'S DISCUSSION AND ANALYSIS For the three and nine months ended September 30, 2024 This management's discussion and analysis ("MD&A"), prepared as of November 5, 2024, relates to the financial condition and results of operations of Kinross Gold Corporation together with its wholly owned subsidiaries, as at September 30, 2024 and for the three and nine months then ended, and is intended to supplement and complement Kinross Gold Corporation's unaudited interim co ...

Significant margin growth and record free cash flow, $350 million debt repaymentFirst gold from Manh Choh, strong PEA results at Great BearOn track to meet annual guidance TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the third quarter ended September 30, 20241.This news release contains forward-looking information about expected future events and financial and operating performance of the Company. We refe ...

Kinross Gold Corporation (KGC) is scheduled to release third-quarter 2024 results after the closing bell on Nov. 5.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of roughly 29.2%, on average. KGC posted an earnings surprise of roughly 7.7% in the last reported quarter.KGC’s shares are up 90.2% over a year compared with the Zacks Mining – Gol ...