最新ニュース Kinross Gold (NYSE:KGC) 株価情報

Kinross Gold

Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

Kinross Gold Corp

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Kinross Gold shares are trading lower after the company reported Q4 financial results and missed its adjusted EPS and revenue estimate.

Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) had a strong 2024, delivering record-free cash flow, improved margins, and <a target="_blank" href="https://www.benzinga.com/25/01/43246243/kinross-gold-gains-analyst-confidence-barrick-gold-downgraded-amid-mine-uncertainty-details" rel="noreferrer noopener">stable production</a> across its global operations. An outstanding $1.3 billion in free cash flow more than doubled from the previous year, while the company also reduced its debt.
"2024 marked another excellent year for Kinross, and we have, once again, met our production and cost guidance. We delivered record free cash flow, repaid $800 million of debt, and grew our margins by 37%, significantly outpacing the rise in gold price," CEO Paul Rollinson <a target="_blank" href="https://www.kinross.com/news-and-investors/news-releases/press-release-details/2025/Kinross-reports-2024-fourth-quarter-and-full-year-results/" rel="noreferrer noopener">said</a> in the announcement.
Kinross produced 2.13 million gold-equivalent ounces (GEO) in 2024, similar to 2.15 million produced in 2023. Final quarter production of 501,209 GEOs slowed down compared to Q4 2023's 543,513 GEOs owing to planned lower grades and maintenance, but <a target="_blank" href="https://www.benzinga.com/25/02/43590446/gold-prices-near-3000-outpacing-us-equities-as-it-hits-a-fresh-record-high-amid-donald-trumps-trade-war-led-market-uncertainty" rel="noreferrer noopener">higher gold prices</a> helped offset the output.
The company's full-year revenue surged to $5.15 billion, a 21% increase from $4.24 billion in 2023, primarily driven by an average realized gold price of $2,393 per ounce, compared to $1,945 per ounce the prior year. In Q4, the average realized gold price reached $2,663 per ounce, significantly above the $1,974 recorded in the same period in 2023.
Naturally, this higher gold price boosted margins. Full-year margins per GEO sold increased to $1,373 from $1,003 in 2023, while fourth-quarter margins went as high as $1,565 per GEO. Thus, net earnings soared to $948.8 million, or $0.77 per share – a substantial increase from 2023's $416.3 million or $0.34 per share.
The firm reaffirmed its commitment to shareholder value, declaring a quarterly dividend of $0.03 per share payable on March 20, 2025. Additionally, the company intends to reinstate its share buyback program later in the year, pending the renewal of its normal course issuer bid with the Toronto Stock Exchange.
Regarding individual operations, the Tasiast mine in Mauritania delivered a record 622,394 GEOs, benefiting from increased throughput following the completion of the Tasiast 24k project.
Paracatu maintained strong output, with over 500,000 ounces produced for the seventh consecutive year. At the same time, Fort Knox saw a significant increase in annual production following the first gold from the Manh Choh project.
La Coipa's production declined due to lower silver grades, but throughput improvements helped offset some of the impact. Bald Mountain's resource conversion added nearly one million ounces to reserves, prompting the company to advance mining at the Redbird deposit.
Kinross continues advancing the Great Bear project in Canada, handling permitting and engineering work at Lobo-Marte in Chile, and expanding drilling at Round Mountain Phase X.
Management reaffirmed stable production guidance of around two million GEOs annually for 2025, 2026, and 2027, focusing on cost control, capital discipline, and sustaining financial strength.
Price Action: KGC stock was trading lower by 3.95% to $11.67 premarket at the last check on Thursday.
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</ul>
Photo via Shutterstock

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Kinross Gold Delivers Record-Breaking 2024, Reaffirms Stable Production Output

Earnings

CORRECTION: Kinross Gold Q4 2024 Adj EPS $0.20 Misses $0.25 Estimate, Sales $1.42B Miss $1.47B Estimate

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Earnings Scheduled For February 12, 2025

Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) has outperformed the market over the past 5 years by 5.19% on an annualized basis producing an average annual return of 17.57%. Currently, Kinross Gold has a market capitalization of $14.69 billion. 
Buying $1000 In KGC: If an investor had bought $1000 of KGC stock 5 years ago, it would be worth $2,366.34 today based on a price of $11.95 for KGC at the time of writing.
<h3>Kinross Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739286930_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much $1000 Invested In Kinross Gold 5 Years Ago Would Be Worth Today

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Shares of precious metals stocks are trading higher as gold and silver prices rise amid US tariffs on steel and aluminum.

Shares of precious metals stocks are trading higher as gold and silver rise on US-China trade war concerns and a drop in the US dollar index.

Shares of precious metal-related companies are trading higher. Reserve assets may be seeing renewed strength after the Fed kept rates unchanged yesterday and noted that inflation remains somewhat elevated.

Shares of gold stocks are trading higher amid a rise in the price of gold.

Ahead of their earnings release, BofA Securities analyst Lawson Winder upgraded Kinross Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) and downgraded Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>).
Talking about market, the analyst says that Gold opened at $2,706/oz last week, rising to $2,746/oz on January 21, 2025, as the U.S. Dollar weakened.
It closed the week at $2,771/oz, up 2.5%, on President Trump&#8217;s remarks on a less aggressive tariff approach to China.
KGC: The analyst double-upgraded Kinross from Underperform to Buy and raised the price <a target="_blank" href="https://www.benzinga.com/quote/kgc/analyst-ratings" rel="noreferrer noopener">forecast from $9.25 to $12.75</a>.
The analyst notes several concerns surrounding Kinross, such as shorter mine life, maintaining 2 million gold equivalent ounces (GEOs) of annual production, and unit costs, are being addressed.
Consequently, the analyst raised the 2026 GEO production forecast from 1.8 million to 2 million GEO and increased earnings per share (EPS) estimates from $0.64 to $0.78 for 2026.
Despite market concerns about potential corporate acquisitions, Kinross remains disciplined in this regard, adds the analyst.
Additionally, Winder sees potential for Kinross to boost capital returns in 2025 through a share buyback. Overall, the analyst says that the company is well-positioned for fourth-quarter results with potential catalysts in 2025.
GOLD: The analyst downgraded the stock from Buy to Neutral and cut the <a target="_blank" href="https://www.benzinga.com/quote/gold/analyst-ratings" rel="noreferrer noopener">price forecast from $21 to $18</a>.
The analyst writes that as approaching fourth-quarter results, risks are rising, particularly regarding the shutdown of the Loulo-Gounkoto mine in Mali, and the struggling ramp-up of the Pueblo Viejo mine in the Dominican Republic.
In their 2025 model, Winder removed any production from the Loulo-Gounkoto mine due to its suspension amid a tax dispute with the Malian military government.
The analyst says that he sees two possible outcomes: the first, a less favorable tax and royalty agreement allowing continued operation; the second, a complete loss of operations if the government seizes control.
The analyst assumes the mine to restart in late 2025, ramping up to full production in 2026, but under less favorable terms for Barrick Gold.
Consequently, the analyst lowered 2025 estimates for EPS to $1.55 from $1.91 and 2026 EPS to $1.81 from $1.92.
Both Kinross and Barrick Gold will release their fourth-quarter results on <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">Wednesday, February 12, 2025</a>.
Price Action: KGC shares are down 0.89% at $10.60, while GOLD shares are down 1.18% at $15.94 at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/guidance/25/01/43093586/barrick-looks-into-portfolio-optimization-sees-pakistan-as-the-new-frontier" target="_blank" rel="noreferrer noopener">Barrick Looks Into Portfolio Optimization, Sees Pakistan As &#8216;The New Frontier&#8217;</a></li>
</ul>
Image via Shutterstock.

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Kinross Gold's Production Outlook Improves, Analyst Double Upgrades Stock

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Shares of stocks in the broader metals and mining sector are trading higher in possible sympathy with Rio Tinto and Glencore who announced discussions regarding a potential merger, the largest in mining industry history.

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.

Shares of stocks in the broader metals and mining sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Shares of precious metals stocks are trading lower amid a drop in gold prices following US economic data.

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Shares of precious metals stocks are trading higher amid strength in gold and silver prices. Gold may be rising amid reports of renewed China Central Bank purchases as well as geopolitical uncertainty following Assad's ouster in Syria.

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver, which are rebounding after falling last week.

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the US dollar.

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Shares of metals and materials companies are trading lower. The sector may be reacting to China's recent stimulus efforts which have struggled to buoy the economy and business conditions.

Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.19 by 26.32 percent. The company reported $1.432 billion in sales this quarter. This is a 29.95 percent increase over sales of $1.102 billion the same period last year.

Kinross Gold Q3 2024 Adj. EPS $0.24 Beats $0.19 Estimate, Sales $1.432B Up From $1.102B YoY

Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) has outperformed the market over the past 5 years by 3.37% on an annualized basis producing an average annual return of 17.17%. Currently, Kinross Gold has a market capitalization of $13.10 billion. 
Buying $100 In KGC: If an investor had bought $100 of KGC stock 5 years ago, it would be worth $224.15 today based on a price of $10.66 for KGC at the time of writing.
<h3>Kinross Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729879218_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $200 Today

Kinross Gold declares $0.03 dividend

The company states: "Attributable production cost of sales is expected to be $1,120 per Au eq. oz., +/- 5%, for 2025. In 2024, production cost of s...

Kinross Gold sees FY25 gold production of about 2.0M oz. vs. 2.13M in FY24

Reports Q4 revenue $1.42B vs. $1.16B last year. J. Paul Rollinson, CEO, said: "2024 marked another excellent year for Kinross and we have, once aga...

Kinross Gold reports Q4 EPS 20c, consensus 25c

Kinross Gold Non-GAAP EPS of $0.20 misses by $0.05, revenue of $1.42B misses by $30M

An update from Kinross Gold ( ($TSE:K) ) is now available. On February 12, 2025, Kinross Gold Corporation released its Consolidated Financial State...

Kinross Gold Releases 2024 Financial and Operational Results

In a report released yesterday, Lawson Winder from Bank of America Securities maintained a Buy rating on Kinross Gold (KGC – Research Report), with...

Kinross Gold: Stable Production and Strategic Initiatives Underpin Buy Rating

Kinross Gold Corporation declares $0.03 dividend

Kinross Gold Corporation 2024 Q4 - Results - Earnings Call Presentation

Kinross Gold outlines stable production at 2M ounces through 2027 with focus on high-margin projects

Kinross Gold Corporation (KGC) Q4 2024 Earnings Call Transcript

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Kinross declares quarterly dividend

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Precious Metals Mining: The Next Big Opportunity in the Face of Economic Challenges

Kinross to announce 2024 Q4/full-year results and 2025 guidance on February 12, 2025

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Relevant Gold Announces Non-Brokered $5M Private Placement Led By Strategic Investors Kinross and Bollinger

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