Kinross Gold Corporation Stock News

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.

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.

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

The price of gold has reached a fever pitch, breaking its record price almost forty times this year. Gold's most recent record highs saw the precious metal soaring to over $2,750 per ounce.

Canaccord Genuity praised commodities today, raising its long-term price outlook for gold and silver and lifting its price objective on several  mining names , including Canada-listed stocks Kinross Gold Corp (NYSE:KGC) and Barrick Gold Corp (NYSE:GOLD) and U.S.-based Newmont Corporation (NYSE:NEM).

Gold is surging due to expected Fed rate cuts, central bank buying, and geopolitical tensions, making it an attractive investment. Kinross Gold stands out with high-quality assets in stable regions, strong production, and a solid balance sheet, despite a low dividend yield. Kinross is undervalued, trading at a discount compared to peers, and has promising growth projects that enhance its future...