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]

Group 1: Berkshire Hathaway Inc (Class B) - Berkshire Hathaway has reached an all-time high of $537.63, indicating strong bullish momentum [1] - The stock is above its eight, 20, 50, and 200-day simple moving averages, with a MACD reading of 11.98 supporting upward movement [1] - However, the Relative Strength Index (RSI) is at 71.59, suggesting overbought conditions and potential near-term cooling [2] Group 2: RTX Corporation - RTX Corporation has achieved a new 52-week high of $135.41, reflecting a steady upward trend [2] - The stock remains above all key moving averages, with a MACD reading of 2.22 confirming the uptrend [3] - An RSI of 63.80 indicates that the stock has not yet reached overbought levels, suggesting further potential for growth [3] Group 3: Kinross Gold Corporation - Kinross Gold has hit a 52-week peak of $12.33, benefiting from soaring gold prices [4] - The stock is positioned well above its eight, 20, 50, and 200-day simple moving averages, with a MACD reading of 0.33 reinforcing positive momentum [4] - An RSI of 64.46 shows that while Kinross is not in immediate danger of overheating, there is increasing selling pressure that could lead to a pullback [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]