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Kinross Gold Corp. (KGC)
NYSE:KGC
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -5.02%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong financial performance and significant operational achievements, particularly in free cash flow and debt repayment. However, there were concerns about increased costs and reduced production at Tasiast, along with higher tax payments. Overall, the positives seem to outweigh the negatives.Company Guidance
In the Kinross Gold Fourth Quarter 2024 Results Conference Call, the company reported producing over 500,000 ounces in Q4 and over 2.1 million ounces for the full year, achieving its market commitments. The cost of sales was $1,096 per ounce in Q4 and $1,021 for the year, while all-in sustaining costs were $1,510 per ounce in Q4 and $1,388 for the year. The company generated record free cash flow of more than $1.34 billion, significantly benefiting from a 37% rise in operating margins against a 23% increase in the realized gold price. Kinross's two largest assets, Tasiast and Paracatu, accounted for over half of the production, with Tasiast delivering record throughput and Paracatu producing over 500,000 ounces for the seventh consecutive year. The company's outlook remains stable, with a production target of 2 million ounces annually through 2027, and it plans to return additional capital to shareholders via a share buyback if the current gold price holds.Record Free Cash Flow
Kinross Gold generated a record free cash flow of over $1.34 billion for the full year, more than doubling against the prior year.
Strong Operating Margins
Operating margins increased by 37% compared to a 23% increase in the realized gold price, demonstrating strong cost management.
Production Achievements
Full year production achieved market commitments with over 2.1 million ounces produced. Tasiast and Paracatu were significant contributors, with Tasiast delivering a record annual throughput.
Debt Repayment
Kinross Gold fully repaid its $1 billion term loan, reducing net debt by approximately $1.4 billion over the last 24 months.
Sustainability Initiatives
Kinross completed more than 15 energy efficiency projects and is on track to achieve a 30% reduction in emissions intensity by 2030.
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KGC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $12.15 | $11.41 | -6.09% |
| Nov 05, 2024 | $10.03 | $9.85 | -1.79% |
| Jul 31, 2024 | $9.03 | $9.12 | +1.00% |
| May 07, 2024 | $6.72 | $7.05 | +4.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kinross Gold Corp. (KGC) report earnings?
Kinross Gold Corp. (KGC) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Kinross Gold Corp. (KGC) earnings time?
Kinross Gold Corp. (KGC) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KGC EPS forecast?
KGC EPS forecast for the fiscal quarter 2025 (Q1) is 0.21.
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