Skip to Content

Kinross Gold Corp K

Rating as of

Morningstar’s Analysis

Valuation
Currency in CAD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Raising Kinross’ FVE After Adding Promising Projects, but Lofty Gold Prices Still Limit Upside

Analyst Note

| Kristoffer Inton |

Kinross reported a strong third quarter, with solid operational performance boosted by higher gold prices. Third quarter attributable production of 603,312 gold equivalent ounces, or GEO, was roughly flat versus a year ago, while all-in sustaining costs, or AISC, on a co-product basis declined 7% to $958 per ounce. With average realized gold prices 30% higher than last year, adjusted operating cash flow rose 86% to $550 million.

Read Full Analysis

Company Profile

Business Description

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.5 million gold equivalent ounces in 2019. The company had 24.3 million ounces of proven and probable gold reserves and 55.7 million ounces of silver reserves at the end of 2019. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.

Contact
25 York Street, 17th Floor
Toronto, ON, M5J 2V5, Canada
T +1 416 365-2496
Sector Basic Materials
Industry Gold
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 8,970

Related