Kinross Gold Stock Price, News & Analysis

Kinross Gold (NYSE:KGC) reported robust Q2 2025 results, with record free cash flow of $646.6 million, up 87% year-over-year. The company produced 512,574 gold equivalent ounces at a production cost of $1,080 per ounce sold.

Financial highlights include revenue of $1.73 billion, up 42% year-over-year, and net earnings of $530.7 million ($0.43 per share). Margins increased significantly to $2,204 per gold equivalent ounce, outpacing the rise in gold prices.

The company remains on track to meet its 2025 guidance of 2.0 million attributable gold equivalent ounces. Kinross has returned approximately $300 million to shareholders year-to-date through share buybacks and dividends, declaring a quarterly dividend of $0.03 per share.

Kinross Gold Corporation (NYSE: KGC) has announced the complete divestment of its stake in White Gold Corp. The company sold 23,681,160 common shares, representing approximately 12% of White Gold's outstanding shares.

The shares were sold at an average price of $0.29 per share, resulting in total proceeds of $6.87 million. This transaction marks Kinross's complete exit from its White Gold investment.

Eminent Gold Corp. (OTCQB: EMGDF) has initiated a high-resolution gravity geophysical survey at its Hot Springs Range Project (HSRP) in Humboldt County, Nevada. The survey, conducted in collaboration with Kinross Gold Corporation, a 9.9% shareholder, focuses on the Otis target area adjacent to the 50-million-ounce Au Getchell Trend.

The survey aims to identify structural features that could control mineralization and enhance drill targeting. The company plans to resume drilling in August after completing and interpreting the gravity data. The program will also examine the entire 15km-long Hot Springs Range trend, including the Eden and Sitka targets, potentially revealing new exploration opportunities.

Kinross Gold Corporation (NYSE: KGC) has scheduled the release of its Q2 2025 financial statements and operating results for Wednesday, July 30, 2025, after market close. The company will host a conference call and audio webcast to discuss the results on Thursday, July 31, 2025, at 8:00 a.m. EDT, followed by a Q&A session.

The conference call will be accessible via toll-free numbers for Canada & US participants, with international dial-in options available. A replay will be accessible for 14 days following the call. Additionally, investors can access the webcast through Kinross's website, where it will be archived for future reference.

Kinross Gold Corporation (NYSE: KGC) has released its 2024 Sustainability Report, marking its 17th year of sustainability reporting. The company delivered $4 billion in total economic benefits to host countries through taxes ($416M), wages ($680.7M), procurement ($2.9B), and community support ($13M). Key achievements include maintaining a low injury rate, achieving 99% local employment, and increasing female representation to 22% in senior management. Environmental highlights include 75% water recycling at operating mines, zero tailings breaches over 32 years, and progress toward a 30% reduction in greenhouse gas emissions by 2030. The company implemented 19 energy efficiency projects, saving 45,000 tonnes of CO2e. Notably, 67% of electricity came from renewable sources, with Tasiast's solar plant generating 17% of its site's power needs.

Kinross Gold Corporation (NYSE: KGC) held its virtual Annual Meeting of Shareholders on May 7, 2025, where shareholders voted on key governance matters. All ten nominated directors were successfully elected to the Board with strong approval ratings, with Elizabeth D. McGregor and David A. Scott receiving the highest approval at 99.62%. The "Say on Pay" resolution on executive compensation was approved with 93.69% support. Additionally, shareholders approved the appointment of auditors with 92.47% in favor. Kerry D. Dyte received the lowest approval rating among directors at 83.19%, with 16.81% of votes withheld.

Kinross Gold Corporation (NYSE: KGC) has announced a quarterly dividend declaration of US$0.03 per common share for Q1 2025. The dividend will be paid on June 12, 2025, to shareholders recorded as of May 29, 2025. The company noted that this dividend qualifies as an "eligible dividend" for Canadian tax purposes, while non-resident investors will be subject to Canadian non-resident withholding taxes.

Kinross Gold (NYSE: KGC) reported strong Q1 2025 results with attributable production of 512,088 gold equivalent ounces. The company's financial performance showed significant improvements, with margins increasing 67% to $1,814 per Au eq. oz and attributable free cash flow more than doubling to $370.8 million. Reported earnings tripled to $368.0 million ($0.30 per share). The company maintains its 2025 guidance of 2.0 million Au eq. oz. production. Kinross strengthened its balance sheet by repaying $200 million in debt and increased cash position to $694.6 million. The company declared a quarterly dividend of $0.03 per share and plans to repurchase a minimum of $500 million in shares in 2025, with $60 million already completed. Moody's upgraded Kinross' outlook to positive from stable, affirming its Baa3 investment grade rating.

Kinross Gold Corporation (NYSE: KGC) has acquired 7,574,237 units of Eminent Gold Corp. at $0.40 per unit, for a total investment of $3,029,694.80. Each unit consists of one common share and half a share purchase warrant. The warrants allow holders to purchase additional shares at $0.70 per share within 24 months.

Through this acquisition, Kinross now owns approximately 9.9% of Eminent's outstanding shares on a non-diluted basis and 14.15% on a partially diluted basis. Kinross has agreed to a standstill provision limiting its ownership to 19.9% on a partially diluted basis. Prior to this investment, Kinross held no securities in Eminent.