ZACKS·2025-04-30 12:20Industry Overview - The Zacks Mining – Gold industry is part of the broader Zacks Basic Materials sector, which is expected to see a significant decline in earnings for Q1, projected to fall by 17.8% with a 0.7% decrease in revenues [1] - Gold prices have surged approximately 27% year-to-date, driven by global trade tensions and increased safe-haven demand [3] - Gold reached a record high of $3,500 per ounce on April 22, with a nearly 19% increase in the first quarter [4] Company Performance - Gold mining companies are anticipated to benefit from higher gold prices and improved operational efficiency, despite facing inflationary pressures on input costs [2][5] - Kinross Gold Corporation (KGC) is expected to report earnings of 22 cents, with an Earnings ESP of +11.07% and a Zacks Rank 2, having surpassed estimates in three of the last four quarters [8][9] - Sandstorm Gold Ltd. (SAND) is projected to report earnings of 5 cents, with an Earnings ESP of +6.67% and a Zacks Rank 2, although it has missed estimates in three of the last four quarters [11][12] - IAMGOLD Corporation (IAG) is expected to report earnings of 10 cents, with an Earnings ESP of +9.69% and a Zacks Rank 3, having beaten estimates in three of the last four quarters [13][14] Strategic Actions - Gold miners are focusing on reducing operational costs, improving efficiency, and concentrating on high-grade assets to support margins amid rising costs [5] - Companies are also working on paying down debt and eliminating non-core assets to enhance financial stability [5]