Kinross Gold to Post Q4 Earnings: What's in the Cards for the Stock?

Core Viewpoint - Kinross Gold Corporation (KGC) is expected to report its fourth-quarter 2024 results on February 12, 2024, with a strong likelihood of beating earnings estimates due to favorable gold prices and production performance [1][5]. Financial Performance - KGC has consistently outperformed earnings estimates, achieving an average earnings surprise of 32.5% over the last four quarters, with a notable 33.3% surprise in the most recent quarter [2]. - The Zacks Consensus Estimate for KGC's fourth-quarter earnings is currently set at 23 cents, with an Earnings ESP of +8.70%, indicating a strong potential for an earnings beat [5][6]. Revenue and Price Trends - The revenue estimate for the upcoming quarter stands at $1,108.1 million, reflecting a slight decline of approximately 0.7$2,439 per ounce, representing a significant increase of 23.6% year-over-year, driven by strong demand and market conditions [10]. Production and Cost Factors - KGC's production profile remains robust, with key assets like Tasiast and Paracatu contributing significantly to cash flow and production levels [11]. - Despite the positive outlook, KGC faces challenges with rising production costs, which increased by roughly 7% year-over-year in the third quarter, alongside a 4% rise in all-in-sustaining costs [12].