Strong Start to 2025 with High Production
Kinross Gold achieved a production of 512,000 ounces in Q1 2025, with significant contributions from Tasiast and Paracatu, which accounted for more than half of the output.
Financially Robust Position
Q1 margins were strong at over $1800 per ounce. Adjusted earnings were $0.30 per share, and adjusted operating cash flow was $676 million. The company increased its liquidity to approximately $2.3 billion.
Enhanced Shareholder Returns
Kinross announced the reactivation of its share buyback program, aiming for a $500 million repurchase of common shares in 2025, marking a 300% increase in total return of capital compared to last year.
Operational Excellence and Safety
The company completed its safety excellence program, including 54 operational learning teams and over 28,000 field engagements in Q1 2025.
Positive Credit Outlook
Moody's revised Kinross Gold's outlook to positive from stable and reaffirmed its investment-grade credit rating, reflecting financial stability.