KGC's Debt Paydown Powers Balance Sheet Strength - Can It Continue?

Key Takeaways KGC lowered net debt to $540M and net debt-to-EBITDA to 0.2X at the end of Q1. Kinross' free cash flow more than doubled to $370.8M in Q1, driven by strong gold prices and operations. KGC stock is up 65.4% YTD, outperforming the industry, and trades at a discount to the industry average.Kinross Gold Corporation (KGC) has taken steps to improve its leverage profile, thanks to strong free cash flow generation. It repaid $800 million of debt during 2024 and the remaining $200 million of its ter ...