Kinross Gold Corporation Stock News

2024 is going out with a bang as mystery drones, Federal Reserve hawkishness, and quantum stocks dominate headlines. It's time to look towards 2025 after another banner year for stocks. Here are four stocks in timely, tremendous industries to keep on your radar.

Global mining firms face significant uncertainty heading into 2025. Ongoing geopolitical turmoil has been both a help and a hindrance—at times it has driven investors toward safe haven assets like precious metals, but it also makes operations for many mining firms more challenging.

Kinross Gold has gained 61% in 2024, supported by record free cash flow, debt reduction, and stable production, positioning it for a strong 2025. Its latest results showed a slight drop in production, but benefiting from higher gold prices, reporting a 30% revenue increase and modest AISC rise, outperforming competitors. Trading at a 30% discount to its net asset value and below peers' EV/EBITD...

Kinross reported a solid Q3-24 with record free cash flow, despite lower production at three of its highest-margin operations. Meanwhile, AISC margins soared 1,270 basis points year-over-year to 45.5%, benefiting from high-grade feed from its new 70% owned Manh Choh Mine. However, while 2024 has been a banner year, it's quite possible Kinross could see lower free cash flow looking ahead to 2025...

Kinross Gold Corporation (KGC) Q3 2024 Earnings Call Transcript

Kinross Gold Corporation (TSX:K) posted a strong financial quarter for Q3 2024, reporting $1.43 billion in revenue, buoyed by higher gold prices. The company outperformed expectations on production and cash costs, supported by strong output at key mines, including Paracatu and Fort Knox.

Significant margin growth and record free cash flow, $350 million debt repaymentFirst gold from Manh Choh, strong PEA results at Great BearOn track to meet annual guidance

TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) (the “Company”) today announced that the Company's Board of Directors has declared a dividend of US$0.03 per common share for the third quarter of 2024.