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Kinross Gold Reports Strong 2024 Results and Announces Dividend

Story Highlights
  • Kinross Gold reported strong financial results for 2024, achieving record free cash flow and significant debt repayment.
  • The company forecasts stable production and focuses on cost control and sustainability for 2025.
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Kinross Gold Reports Strong 2024 Results and Announces Dividend

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An announcement from Kinross Gold ( (TSE:K) ) is now available.

Kinross Gold Corporation announced its audited financial results for the fourth quarter and full year ending December 31, 2024, alongside declaring a dividend for March 2025. The company achieved record free cash flow of over $1.3 billion, repaid $800 million in debt, and reported net earnings of $948.8 million. Kinross forecasts a strong three-year outlook with stable gold production and continued focus on cost management and capital discipline. The operational highlights from 2024 include increased production across key sites and significant advancements in development projects and sustainability initiatives.

More about Kinross Gold

Kinross Gold Corporation is a prominent player in the mining industry, primarily focused on the extraction and production of gold. The company operates several significant mining projects and is known for its strategic acquisitions and exploration initiatives. With a strong emphasis on sustainability, Kinross strives to improve its environmental, social, and governance impacts worldwide.

YTD Price Performance: 22.98%

Average Trading Volume: 18,597,764

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $14.96B

For an in-depth examination of K stock, go to TipRanks’ Stock Analysis page.

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