Kinross Gold Corporation (KGC) 10-Year Financial Performance & Capital Metrics

KGC • • Industrial / General

Basic MaterialsGoldMajor Gold ProducersGlobal Gold Majors

AboutKinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.Show more

Revenue $5.15B +21.4%
EBITDA $2.69B +50.3%
Net Income $949M +127.9%
EPS (Diluted) 0.77 +126.5%
Gross Margin 36.48% +33.4%
EBITDA Margin 52.2% +23.8%
Operating Margin 29.92% +58.3%
Net Margin 18.43% +87.7%
ROE 14.43% +108.6%
ROIC 14.56% +95.4%
Debt/Equity 0.21 -43.2%
Interest Coverage 30.50 +162.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FCF machine: 26.6% free cash flow margin
✓Momentum leader: RS Rating 91 (top 9%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 10.2%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 3.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.04%

5Y8.04%

3Y25.58%

TTM32.49%

Profit (Net Income) CAGR

10Y-

5Y5.72%

3Y62.48%

TTM137.3%

EPS CAGR

10Y-

5Y5.83%

3Y65.46%

TTM136.43%

ROCE

10Y Avg5.76%

5Y Avg9.39%

3Y Avg8.39%

Latest15.71%

Peer Comparison

Global Gold Majors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEMAgnico Eagle Mines Limited	100.62B	200.42	53.02	22.78%	32.68%	14.56%	2.11%	0.06
KGCKinross Gold Corporation	40.14B	33.25	43.18	21.44%	27.28%	21.71%	3.42%	0.21
AUAngloGold Ashanti Plc	49.76B	98.55	42.30	26.43%	9%	7.27%	1.75%	0.25
BBarrick Mining Corporation	83.76B	49.64	40.69	13.38%	24.53%	10.56%	1.57%	0.16
NEMNewmont Corporation	124.63B	114.21	39.93	57.6%	33.82%	21.51%	2.38%	0.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.05B	3.47B	3.3B	3.21B	3.5B	4.21B	2.6B	3.46B	4.24B	5.15B
Revenue Growth %	-0.12%	0.14%	-0.05%	-0.03%	0.09%	0.2%	-0.38%	0.33%	0.23%	0.21%
Cost of Goods Sold+	3.43B	2.98B	2.6B	2.63B	2.15B	1.92B	2.06B	2.94B	3.08B	3.27B
COGS % of Revenue	1.12%	0.86%	0.79%	0.82%	0.61%	0.46%	0.79%	0.85%	0.73%	0.64%
Gross Profit+	-379.3M	493.6M	704.7M	579.7M	1.35B	2.3B	541.1M	515.4M	1.16B	1.88B
Gross Margin %	-0.12%	0.14%	0.21%	0.18%	0.39%	0.54%	0.21%	0.15%	0.27%	0.36%
Gross Profit Growth %	0.4%	2.3%	0.43%	-0.18%	1.33%	0.7%	-0.76%	-0.05%	1.25%	0.62%
Operating Expenses+	363.6M	447.3M	368.2M	379.2M	357.8M	396.9M	469M	397.7M	358.2M	338M
OpEx % of Revenue	0.12%	0.13%	0.11%	0.12%	0.1%	0.09%	0.18%	0.12%	0.08%	0.07%
Selling, General & Admin	179.4M	143.7M	132.6M	133M	135.8M	117.9M	114.4M	129.8M	108.7M	126.2M
SG&A % of Revenue	0.06%	0.04%	0.04%	0.04%	0.04%	0.03%	0.04%	0.04%	0.03%	0.02%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	184.2M	303.6M	235.6M	246.2M	222M	279M	354.6M	267.9M	249.5M	211.8M
Operating Income+	-742.9M	46.3M	336.5M	200.5M	991.1M	1.9B	72.1M	117.7M	801.4M	1.54B
Operating Margin %	-0.24%	0.01%	0.1%	0.06%	0.28%	0.45%	0.03%	0.03%	0.19%	0.3%
Operating Income Growth %	0.28%	1.06%	6.27%	-0.4%	3.94%	0.92%	-0.96%	0.63%	5.81%	0.92%
EBITDA+	154.8M	901.3M	1.16B	972.9M	1.72B	2.74B	767.8M	901.7M	1.79B	2.69B
EBITDA Margin %	0.05%	0.26%	0.35%	0.3%	0.49%	0.65%	0.3%	0.26%	0.42%	0.52%
EBITDA Growth %	2.02%	4.82%	0.28%	-0.16%	0.77%	0.59%	-0.72%	0.17%	0.98%	0.5%
D&A (Non-Cash Add-back)	897.7M	855M	819.4M	772.4M	731.3M	842.3M	695.7M	784M	986.8M	1.15B
EBIT	-779.5M	40.9M	505.5M	185.3M	1.04B	1.89B	155.9M	174.9M	777.6M	1.53B
Net Interest Income+	-59.9M	-92.9M	-73M	-61.1M	-69M	-85.3M	-60.8M	-49.9M	-28.5M	-32.3M
Interest Income	8.3M	7.5M	13.5M	11M	7.9M	4.3M	10.8M	18.3M	40.5M	18.2M
Interest Expense	68.2M	100.4M	86.5M	72.1M	76.9M	89.6M	71.6M	68.2M	69M	50.5M
Other Income/Expense	-104.8M	-105.8M	82.5M	-87.3M	-27.3M	-100.9M	12.2M	-11M	-92.8M	-58.9M
Pretax Income+	-847.7M	-59.5M	419M	113.2M	963.8M	1.8B	84.3M	106.7M	708.6M	1.48B
Pretax Margin %	-0.28%	-0.02%	0.13%	0.04%	0.28%	0.43%	0.03%	0.03%	0.17%	0.29%
Income Tax+	141.7M	49.6M	-23.2M	138.8M	246.7M	439.8M	115M	76.1M	293.2M	487.4M
Effective Tax Rate %	1.16%	1.75%	1.06%	-0.21%	0.75%	0.75%	2.62%	-5.67%	0.59%	0.64%
Net Income+	-984.5M	-104M	445.4M	-23.6M	718.6M	1.34B	221.2M	-605.2M	416.3M	948.8M
Net Margin %	-0.32%	-0.03%	0.13%	-0.01%	0.21%	0.32%	0.09%	-0.18%	0.1%	0.18%
Net Income Growth %	0.16%	0.89%	5.28%	-1.05%	31.45%	0.87%	-0.84%	-3.74%	1.69%	1.28%
Net Income (Continuing)	-989.4M	-109.1M	442.2M	-25.6M	717.1M	1.36B	-30.7M	30.6M	415.4M	994M
Discontinued Operations	0	0	0	0	0	0	249.4M	-636.3M	0	0
Minority Interest	43.9M	38.8M	35.6M	20.6M	14.1M	66.5M	68.61M	58.47M	101.48M	138.92M
EPS (Diluted)+	-0.86	-0.08	0.35	-0.02	0.58	1.11	0.17	-0.47	0.34	0.77
EPS Growth %	0.16%	0.9%	5.13%	-1.05%	31.69%	0.91%	-0.85%	-3.76%	1.72%	1.26%
EPS (Basic)	-0.86	-0.08	0.36	-0.02	0.59	1.12	0.17	-0.47	0.34	0.77
Diluted Shares Outstanding	1.15B	1.23B	1.26B	1.25B	1.26B	1.27B	1.27B	1.28B	1.24B	1.23B
Basic Shares Outstanding	1.14B	1.23B	1.25B	1.25B	1.25B	1.26B	1.26B	1.28B	1.23B	1.23B
Dividend Payout Ratio	-	-	-	-	-	0.06%	0.68%	-	0.35%	0.16%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.29B	2.08B	2.28B	1.6B	1.82B	2.45B	1.95B	1.73B	1.69B	2.03B
Cash & Short-Term Investments	1.05B	854.7M	1.05B	365.5M	590.3M	1.22B	542.17M	428.01M	360.35M	621.33M
Cash Only	1.05B	838.6M	1.04B	361.7M	590.3M	1.22B	542.17M	428.01M	360.35M	621.33M
Short-Term Investments	0	16.1M	17M	3.8M	0	0	0	0	0	0
Accounts Receivable	181.1M	191.3M	84.6M	131M	119.7M	84.6M	89.58M	99.35M	47.85M	45.47M
Days Sales Outstanding	21.66	20.11	9.35	14.88	12.49	7.33	12.58	10.5	4.12	3.22
Inventory	1.01B	986.8M	1.09B	1.05B	1.05B	1.07B	1.15B	1.07B	1.15B	1.24B
Days Inventory Outstanding	106.92	120.93	153.72	145.84	179.03	204.27	203.86	133.07	135.93	138.66
Other Current Assets	34.4M	26M	30.8M	28.1M	35.7M	46M	132.92M	93.16M	87.55M	72.86M
Total Non-Current Assets+	5.44B	5.9B	5.87B	6.47B	7.25B	8.48B	8.47B	8.67B	8.8B	8.83B
Property, Plant & Equipment	4.6B	4.92B	4.89B	5.52B	6.36B	7.65B	7.61B	7.74B	7.92B	7.96B
Fixed Asset Turnover	0.66x	0.71x	0.67x	0.58x	0.55x	0.55x	0.34x	0.45x	0.54x	0.65x
Goodwill	162.7M	162.7M	162.7M	162.7M	158.8M	158.8M	158.59M	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	401.9M	459.7M	488.4M	357.5M	320.1M	290.9M	255.85M	293.07M	62.58M	141.02M
Other Non-Current Assets	201.8M	261.3M	294.8M	378.6M	382.1M	377.6M	439.4M	630.11M	806.15M	723.47M
Total Assets+	7.74B	7.98B	8.16B	8.06B	9.08B	10.93B	10.41B	10.39B	10.49B	10.86B
Asset Turnover	0.39x	0.44x	0.40x	0.40x	0.39x	0.39x	0.25x	0.33x	0.40x	0.47x
Asset Growth %	-0.14%	0.03%	0.02%	-0.01%	0.13%	0.2%	-0.05%	-0%	0.01%	0.04%
Total Current Liabilities+	701.8M	637.7M	585.3M	612.4M	615.5M	1.35B	740.4M	751.16M	681.99M	1.06B
Accounts Payable	75.2M	86.8M	77.4M	89.1M	89.3M	89.1M	87.68M	119.05M	113.12M	83.85M
Days Payables Outstanding	8	10.64	10.87	12.35	15.17	16.96	15.55	14.78	13.4	9.36
Short-Term Debt	249.5M	0	0	0	16M	528.1M	59.62M	60.47M	10.05M	204.48M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	272.5M	351.7M	341.8M	385.4M	308.9M	469.4M	364.01M	353.44M	332.39M	378.57M
Current Ratio	3.27x	3.26x	3.90x	2.61x	2.96x	1.82x	2.63x	2.30x	2.47x	1.91x
Quick Ratio	1.83x	1.72x	2.03x	0.89x	1.25x	1.02x	1.08x	0.87x	0.79x	0.74x
Cash Conversion Cycle	120.58	130.4	152.2	148.37	176.36	194.64	200.9	128.78	126.65	132.53
Total Non-Current Liabilities+	3.1B	3.16B	2.95B	2.92B	3.13B	2.92B	3.03B	3.76B	3.65B	2.8B
Long-Term Debt	1.73B	1.73B	1.73B	1.74B	1.84B	1.42B	1.59B	2.56B	2.22B	1.23B
Capital Lease Obligations	0	0	0	0	38.9M	46.3M	35.05M	23.09M	17.41M	12.39M
Deferred Tax Liabilities	499M	390.7M	255.6M	265.2M	304.5M	487.8M	436.21M	301.36M	447.4M	548.67M
Other Non-Current Liabilities	869.5M	1.03B	964.5M	923.9M	947.1M	963.5M	973.98M	880.8M	967.33M	1.01B
Total Liabilities	3.8B	3.79B	3.54B	3.54B	3.74B	4.27B	3.77B	4.51B	4.34B	3.86B
Total Debt+	1.98B	1.73B	1.73B	1.74B	1.89B	2B	1.68B	2.64B	2.25B	1.45B
Net Debt	927M	894.6M	694.7M	1.37B	1.3B	774M	1.14B	2.21B	1.89B	830.31M
Debt / Equity	0.50x	0.41x	0.38x	0.38x	0.35x	0.30x	0.25x	0.45x	0.37x	0.21x
Debt / EBITDA	12.80x	1.92x	1.50x	1.78x	1.10x	0.73x	2.19x	2.93x	1.26x	0.54x
Net Debt / EBITDA	5.99x	0.99x	0.60x	1.41x	0.76x	0.28x	1.49x	2.45x	1.06x	0.31x
Interest Coverage	-10.89x	0.46x	3.89x	2.78x	12.89x	21.20x	1.01x	1.73x	11.61x	30.50x
Total Equity+	3.93B	4.18B	4.62B	4.53B	5.33B	6.66B	6.64B	5.88B	6.15B	7B
Equity Growth %	-0.2%	0.06%	0.1%	-0.02%	0.18%	0.25%	-0%	-0.11%	0.05%	0.14%
Book Value per Share	3.43	3.41	3.67	3.62	4.22	5.25	5.23	4.59	4.98	5.67
Total Shareholders' Equity	3.89B	4.15B	4.58B	4.51B	5.32B	6.6B	6.57B	5.82B	6.05B	6.86B
Common Stock	14.6B	14.89B	14.9B	14.91B	14.93B	4.47B	4.42B	4.45B	4.46B	4.48B
Retained Earnings	-10.92B	-11.03B	-10.58B	-10.55B	-9.83B	-8.56B	-8.48B	-9.25B	-8.94B	-8.18B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-31.3M	39.1M	21.1M	-98.5M	-20.4M	-23.7M	-18.77M	-41.68M	-60.99M	-87.35M
Minority Interest	43.9M	38.8M	35.6M	20.6M	14.1M	66.5M	68.61M	58.47M	101.48M	138.92M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	831.6M	1.1B	951.6M	788.7M	1.22B	1.96B	1.14B	1.05B	1.61B	2.45B
Operating CF Margin %	0.27%	0.32%	0.29%	0.25%	0.35%	0.46%	0.44%	0.3%	0.38%	0.48%
Operating CF Growth %	-0.02%	0.32%	-0.13%	-0.17%	0.55%	0.6%	-0.42%	-0.07%	0.53%	0.52%
Net Income	-984.5M	-109.1M	461.42M	-25.6M	717.1M	1.34B	218.7M	30.6M	415.4M	903.25M
Depreciation & Amortization	897.7M	855M	819.4M	753.03M	189.3M	96.8M	700.09M	777.43M	1.04B	1.13B
Stock-Based Compensation	24.7M	13.5M	13.6M	14.6M	14.3M	13.7M	10.8M	9.3M	6.7M	9M
Deferred Taxes	53M	-149.7M	-79.15M	8.45M	41.1M	217.9M	-36.58M	-56.2M	143.9M	106.81M
Other Non-Cash Items	658.3M	194.89M	-236.11M	-1.07M	104.29M	135.5M	113.49M	402.27M	-76.08M	-81.75M
Working Capital Changes	182.4M	294.61M	-27.56M	39.29M	158.81M	151.3M	128.7M	-113.3M	72.8M	377.75M
Change in Receivables	91M	-21.2M	108.6M	-22.7M	-64.5M	-120.9M	-50M	17.9M	69.96M	11.7M
Change in Inventory	63.5M	79.5M	-86.7M	-5.7M	53.8M	-6.8M	-86.7M	-261.6M	-93.08M	14.3M
Change in Payables	0	237.01M	-50.24M	66.24M	169.76M	293.74M	115.18M	125.23M	97.25M	353M
Cash from Investing+	-631.6M	-1.27B	-687.2M	-1.39B	-1.03B	-1.25B	-1.19B	-1.6B	-1.12B	-1.18B
Capital Expenditures	-610M	-633.8M	-897.6M	-1.04B	-1.06B	-964M	-880.19M	-807.9M	-1.12B	-1.17B
CapEx % of Revenue	0.2%	0.18%	0.27%	0.32%	0.3%	0.23%	0.34%	0.23%	0.26%	0.23%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	38.1M	11.5M	14.6M	13.5M	-8M	-18.1M	-246.11M	300.8M	-3.76M	-11.8M
Cash from Financing+	-131.7M	-48.3M	-69M	-72.6M	25.1M	-67.7M	-623.2M	437.5M	-549M	-1.01B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-75.5M	-151.1M	-154M	-147.3M	-147.5M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-51.7M	-74M	-63.7M	-72.6M	-60.6M	-71.5M	-38.1M	-42.1M	400K	-46.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	221.6M	465.4M	54M	-254.7M	164.7M	1.04B	313.5M	285.9M	507M	1.37B
FCF Margin %	0.07%	0.13%	0.02%	-0.08%	0.05%	0.25%	0.12%	0.08%	0.12%	0.27%
FCF Growth %	0.02%	1.1%	-0.88%	-5.72%	1.65%	5.32%	-0.7%	-0.09%	0.77%	1.7%
FCF per Share	0.19	0.38	0.04	-0.20	0.13	0.82	0.25	0.22	0.41	1.11
FCF Conversion (FCF/Net Income)	-0.84x	-10.57x	2.14x	-33.42x	1.70x	1.46x	5.13x	-1.74x	3.86x	2.58x
Interest Paid	0	0	0	0	0	0	0	0	0	35.6M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-22.31%	-2.56%	10.12%	-0.52%	14.58%	22.38%	3.33%	-9.67%	6.92%	14.43%
Return on Invested Capital (ROIC)	-10.33%	0.7%	4.86%	2.68%	11.86%	20.25%	0.71%	1.11%	7.45%	14.56%
Gross Margin	-12.43%	14.22%	21.34%	18.04%	38.57%	54.5%	20.81%	14.92%	27.35%	36.48%
Net Margin	-32.26%	-3%	13.48%	-0.73%	20.55%	31.86%	8.51%	-17.52%	9.82%	18.43%
Debt / Equity	0.50x	0.41x	0.38x	0.38x	0.35x	0.30x	0.25x	0.45x	0.37x	0.21x
Interest Coverage	-10.89x	0.46x	3.89x	2.78x	12.89x	21.20x	1.01x	1.73x	11.61x	30.50x
FCF Conversion	-0.84x	-10.57x	2.14x	-33.42x	1.70x	1.46x	5.13x	-1.74x	3.86x	2.58x
Revenue Growth	-11.95%	13.75%	-4.87%	-2.74%	8.86%	20.48%	-38.3%	32.91%	22.71%	21.44%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
United States	-	-	-	-	1.29B	1.31B	1.36B	1.86B
United States Growth	-	-	-	-	-	1.78%	3.57%	36.39%
Mauritania	-	-	-	-	314.7M	935M	1.2B	1.46B
Mauritania Growth	-	-	-	-	-	197.11%	28.43%	21.29%
Brazil	-	-	-	-	987.9M	1.02B	1.15B	1.26B
Brazil Growth	-	-	-	-	-	3.40%	12.54%	9.51%
Chile	-	-	-	-	5M	183.6M	527.4M	575.9M
Chile Growth	-	-	-	-	-	3572.00%	187.25%	9.20%
Russia	-	-	-	-	862.8M	-	-	-
Russia Growth	-	-	-	-	-	-	-	-
Ghana	-	-	-	-	267M	-	-	-
Ghana Growth	-	-	-	-	-	-	-	-
U	1.46B	1.21B	1.03B	1.32B	-	-	-	-
U Growth	-	-16.88%	-15.10%	27.92%	-	-	-	-
R	726.9M	627.7M	734.4M	904.6M	-	-	-	-
R Growth	-	-13.65%	17.00%	23.18%	-	-	-	-
M	298.4M	307.8M	532.8M	718M	-	-	-	-
M Growth	-	3.15%	73.10%	34.76%	-	-	-	-
G	317.6M	286M	281.6M	295.1M	-	-	-	-
G Growth	-	-9.95%	-1.54%	4.79%	-	-	-	-
C	52M	113.6M	61.2M	16.1M	-	-	-	-
C Growth	-	118.46%	-46.13%	-73.69%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Kinross Gold Corporation (KGC) has a price-to-earnings (P/E) ratio of 43.2x. This suggests investors expect higher future growth.

Growth & Financials

Kinross Gold Corporation (KGC) reported $6.42B in revenue for fiscal year 2024. This represents a 67% increase from $3.84B in 2011.

Kinross Gold Corporation (KGC) grew revenue by 21.4% over the past year. This is strong growth.

Yes, Kinross Gold Corporation (KGC) is profitable, generating $1.75B in net income for fiscal year 2024 (18.4% net margin).

Dividend & Returns

Yes, Kinross Gold Corporation (KGC) pays a dividend with a yield of 0.36%. This makes it attractive for income-focused investors.

Kinross Gold Corporation (KGC) has a return on equity (ROE) of 14.4%. This is reasonable for most industries.

Kinross Gold Corporation (KGC) generated $2.20B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Kinross Gold Corporation (KGC) 10-Year Financial Performance & Capital Metrics

KGC • • Industrial / General

Basic MaterialsGoldMajor Gold ProducersGlobal Gold Majors

Revenue $5.15B +21.4%
EBITDA $2.69B +50.3%
Net Income $949M +127.9%
EPS (Diluted) 0.77 +126.5%
Gross Margin 36.48% +33.4%
EBITDA Margin 52.2% +23.8%
Operating Margin 29.92% +58.3%
Net Margin 18.43% +87.7%
ROE 14.43% +108.6%
ROIC 14.56% +95.4%
Debt/Equity 0.21 -43.2%
Interest Coverage 30.50 +162.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FCF machine: 26.6% free cash flow margin
✓Momentum leader: RS Rating 91 (top 9%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 10.2%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 3.9%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.04%

5Y8.04%

3Y25.58%

TTM32.49%

Profit (Net Income) CAGR

10Y-

5Y5.72%

3Y62.48%

TTM137.3%

EPS CAGR

10Y-

5Y5.83%

3Y65.46%

TTM136.43%

ROCE

10Y Avg5.76%

5Y Avg9.39%

3Y Avg8.39%

Latest15.71%

Peer Comparison

Global Gold Majors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEMAgnico Eagle Mines Limited	100.62B	200.42	53.02	22.78%	32.68%	14.56%	2.11%	0.06
KGCKinross Gold Corporation	40.14B	33.25	43.18	21.44%	27.28%	21.71%	3.42%	0.21
AUAngloGold Ashanti Plc	49.76B	98.55	42.30	26.43%	9%	7.27%	1.75%	0.25
BBarrick Mining Corporation	83.76B	49.64	40.69	13.38%	24.53%	10.56%	1.57%	0.16
NEMNewmont Corporation	124.63B	114.21	39.93	57.6%	33.82%	21.51%	2.38%	0.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.05B	3.47B	3.3B	3.21B	3.5B	4.21B	2.6B	3.46B	4.24B	5.15B
Revenue Growth %	-0.12%	0.14%	-0.05%	-0.03%	0.09%	0.2%	-0.38%	0.33%	0.23%	0.21%
Cost of Goods Sold+	3.43B	2.98B	2.6B	2.63B	2.15B	1.92B	2.06B	2.94B	3.08B	3.27B
COGS % of Revenue	1.12%	0.86%	0.79%	0.82%	0.61%	0.46%	0.79%	0.85%	0.73%	0.64%
Gross Profit+	-379.3M	493.6M	704.7M	579.7M	1.35B	2.3B	541.1M	515.4M	1.16B	1.88B
Gross Margin %	-0.12%	0.14%	0.21%	0.18%	0.39%	0.54%	0.21%	0.15%	0.27%	0.36%
Gross Profit Growth %	0.4%	2.3%	0.43%	-0.18%	1.33%	0.7%	-0.76%	-0.05%	1.25%	0.62%
Operating Expenses+	363.6M	447.3M	368.2M	379.2M	357.8M	396.9M	469M	397.7M	358.2M	338M
OpEx % of Revenue	0.12%	0.13%	0.11%	0.12%	0.1%	0.09%	0.18%	0.12%	0.08%	0.07%
Selling, General & Admin	179.4M	143.7M	132.6M	133M	135.8M	117.9M	114.4M	129.8M	108.7M	126.2M
SG&A % of Revenue	0.06%	0.04%	0.04%	0.04%	0.04%	0.03%	0.04%	0.04%	0.03%	0.02%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	184.2M	303.6M	235.6M	246.2M	222M	279M	354.6M	267.9M	249.5M	211.8M
Operating Income+	-742.9M	46.3M	336.5M	200.5M	991.1M	1.9B	72.1M	117.7M	801.4M	1.54B
Operating Margin %	-0.24%	0.01%	0.1%	0.06%	0.28%	0.45%	0.03%	0.03%	0.19%	0.3%
Operating Income Growth %	0.28%	1.06%	6.27%	-0.4%	3.94%	0.92%	-0.96%	0.63%	5.81%	0.92%
EBITDA+	154.8M	901.3M	1.16B	972.9M	1.72B	2.74B	767.8M	901.7M	1.79B	2.69B
EBITDA Margin %	0.05%	0.26%	0.35%	0.3%	0.49%	0.65%	0.3%	0.26%	0.42%	0.52%
EBITDA Growth %	2.02%	4.82%	0.28%	-0.16%	0.77%	0.59%	-0.72%	0.17%	0.98%	0.5%
D&A (Non-Cash Add-back)	897.7M	855M	819.4M	772.4M	731.3M	842.3M	695.7M	784M	986.8M	1.15B
EBIT	-779.5M	40.9M	505.5M	185.3M	1.04B	1.89B	155.9M	174.9M	777.6M	1.53B
Net Interest Income+	-59.9M	-92.9M	-73M	-61.1M	-69M	-85.3M	-60.8M	-49.9M	-28.5M	-32.3M
Interest Income	8.3M	7.5M	13.5M	11M	7.9M	4.3M	10.8M	18.3M	40.5M	18.2M
Interest Expense	68.2M	100.4M	86.5M	72.1M	76.9M	89.6M	71.6M	68.2M	69M	50.5M
Other Income/Expense	-104.8M	-105.8M	82.5M	-87.3M	-27.3M	-100.9M	12.2M	-11M	-92.8M	-58.9M
Pretax Income+	-847.7M	-59.5M	419M	113.2M	963.8M	1.8B	84.3M	106.7M	708.6M	1.48B
Pretax Margin %	-0.28%	-0.02%	0.13%	0.04%	0.28%	0.43%	0.03%	0.03%	0.17%	0.29%
Income Tax+	141.7M	49.6M	-23.2M	138.8M	246.7M	439.8M	115M	76.1M	293.2M	487.4M
Effective Tax Rate %	1.16%	1.75%	1.06%	-0.21%	0.75%	0.75%	2.62%	-5.67%	0.59%	0.64%
Net Income+	-984.5M	-104M	445.4M	-23.6M	718.6M	1.34B	221.2M	-605.2M	416.3M	948.8M
Net Margin %	-0.32%	-0.03%	0.13%	-0.01%	0.21%	0.32%	0.09%	-0.18%	0.1%	0.18%
Net Income Growth %	0.16%	0.89%	5.28%	-1.05%	31.45%	0.87%	-0.84%	-3.74%	1.69%	1.28%
Net Income (Continuing)	-989.4M	-109.1M	442.2M	-25.6M	717.1M	1.36B	-30.7M	30.6M	415.4M	994M
Discontinued Operations	0	0	0	0	0	0	249.4M	-636.3M	0	0
Minority Interest	43.9M	38.8M	35.6M	20.6M	14.1M	66.5M	68.61M	58.47M	101.48M	138.92M
EPS (Diluted)+	-0.86	-0.08	0.35	-0.02	0.58	1.11	0.17	-0.47	0.34	0.77
EPS Growth %	0.16%	0.9%	5.13%	-1.05%	31.69%	0.91%	-0.85%	-3.76%	1.72%	1.26%
EPS (Basic)	-0.86	-0.08	0.36	-0.02	0.59	1.12	0.17	-0.47	0.34	0.77
Diluted Shares Outstanding	1.15B	1.23B	1.26B	1.25B	1.26B	1.27B	1.27B	1.28B	1.24B	1.23B
Basic Shares Outstanding	1.14B	1.23B	1.25B	1.25B	1.25B	1.26B	1.26B	1.28B	1.23B	1.23B
Dividend Payout Ratio	-	-	-	-	-	0.06%	0.68%	-	0.35%	0.16%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.29B	2.08B	2.28B	1.6B	1.82B	2.45B	1.95B	1.73B	1.69B	2.03B
Cash & Short-Term Investments	1.05B	854.7M	1.05B	365.5M	590.3M	1.22B	542.17M	428.01M	360.35M	621.33M
Cash Only	1.05B	838.6M	1.04B	361.7M	590.3M	1.22B	542.17M	428.01M	360.35M	621.33M
Short-Term Investments	0	16.1M	17M	3.8M	0	0	0	0	0	0
Accounts Receivable	181.1M	191.3M	84.6M	131M	119.7M	84.6M	89.58M	99.35M	47.85M	45.47M
Days Sales Outstanding	21.66	20.11	9.35	14.88	12.49	7.33	12.58	10.5	4.12	3.22
Inventory	1.01B	986.8M	1.09B	1.05B	1.05B	1.07B	1.15B	1.07B	1.15B	1.24B
Days Inventory Outstanding	106.92	120.93	153.72	145.84	179.03	204.27	203.86	133.07	135.93	138.66
Other Current Assets	34.4M	26M	30.8M	28.1M	35.7M	46M	132.92M	93.16M	87.55M	72.86M
Total Non-Current Assets+	5.44B	5.9B	5.87B	6.47B	7.25B	8.48B	8.47B	8.67B	8.8B	8.83B
Property, Plant & Equipment	4.6B	4.92B	4.89B	5.52B	6.36B	7.65B	7.61B	7.74B	7.92B	7.96B
Fixed Asset Turnover	0.66x	0.71x	0.67x	0.58x	0.55x	0.55x	0.34x	0.45x	0.54x	0.65x
Goodwill	162.7M	162.7M	162.7M	162.7M	158.8M	158.8M	158.59M	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	401.9M	459.7M	488.4M	357.5M	320.1M	290.9M	255.85M	293.07M	62.58M	141.02M
Other Non-Current Assets	201.8M	261.3M	294.8M	378.6M	382.1M	377.6M	439.4M	630.11M	806.15M	723.47M
Total Assets+	7.74B	7.98B	8.16B	8.06B	9.08B	10.93B	10.41B	10.39B	10.49B	10.86B
Asset Turnover	0.39x	0.44x	0.40x	0.40x	0.39x	0.39x	0.25x	0.33x	0.40x	0.47x
Asset Growth %	-0.14%	0.03%	0.02%	-0.01%	0.13%	0.2%	-0.05%	-0%	0.01%	0.04%
Total Current Liabilities+	701.8M	637.7M	585.3M	612.4M	615.5M	1.35B	740.4M	751.16M	681.99M	1.06B
Accounts Payable	75.2M	86.8M	77.4M	89.1M	89.3M	89.1M	87.68M	119.05M	113.12M	83.85M
Days Payables Outstanding	8	10.64	10.87	12.35	15.17	16.96	15.55	14.78	13.4	9.36
Short-Term Debt	249.5M	0	0	0	16M	528.1M	59.62M	60.47M	10.05M	204.48M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	272.5M	351.7M	341.8M	385.4M	308.9M	469.4M	364.01M	353.44M	332.39M	378.57M
Current Ratio	3.27x	3.26x	3.90x	2.61x	2.96x	1.82x	2.63x	2.30x	2.47x	1.91x
Quick Ratio	1.83x	1.72x	2.03x	0.89x	1.25x	1.02x	1.08x	0.87x	0.79x	0.74x
Cash Conversion Cycle	120.58	130.4	152.2	148.37	176.36	194.64	200.9	128.78	126.65	132.53
Total Non-Current Liabilities+	3.1B	3.16B	2.95B	2.92B	3.13B	2.92B	3.03B	3.76B	3.65B	2.8B
Long-Term Debt	1.73B	1.73B	1.73B	1.74B	1.84B	1.42B	1.59B	2.56B	2.22B	1.23B
Capital Lease Obligations	0	0	0	0	38.9M	46.3M	35.05M	23.09M	17.41M	12.39M
Deferred Tax Liabilities	499M	390.7M	255.6M	265.2M	304.5M	487.8M	436.21M	301.36M	447.4M	548.67M
Other Non-Current Liabilities	869.5M	1.03B	964.5M	923.9M	947.1M	963.5M	973.98M	880.8M	967.33M	1.01B
Total Liabilities	3.8B	3.79B	3.54B	3.54B	3.74B	4.27B	3.77B	4.51B	4.34B	3.86B
Total Debt+	1.98B	1.73B	1.73B	1.74B	1.89B	2B	1.68B	2.64B	2.25B	1.45B
Net Debt	927M	894.6M	694.7M	1.37B	1.3B	774M	1.14B	2.21B	1.89B	830.31M
Debt / Equity	0.50x	0.41x	0.38x	0.38x	0.35x	0.30x	0.25x	0.45x	0.37x	0.21x
Debt / EBITDA	12.80x	1.92x	1.50x	1.78x	1.10x	0.73x	2.19x	2.93x	1.26x	0.54x
Net Debt / EBITDA	5.99x	0.99x	0.60x	1.41x	0.76x	0.28x	1.49x	2.45x	1.06x	0.31x
Interest Coverage	-10.89x	0.46x	3.89x	2.78x	12.89x	21.20x	1.01x	1.73x	11.61x	30.50x
Total Equity+	3.93B	4.18B	4.62B	4.53B	5.33B	6.66B	6.64B	5.88B	6.15B	7B
Equity Growth %	-0.2%	0.06%	0.1%	-0.02%	0.18%	0.25%	-0%	-0.11%	0.05%	0.14%
Book Value per Share	3.43	3.41	3.67	3.62	4.22	5.25	5.23	4.59	4.98	5.67
Total Shareholders' Equity	3.89B	4.15B	4.58B	4.51B	5.32B	6.6B	6.57B	5.82B	6.05B	6.86B
Common Stock	14.6B	14.89B	14.9B	14.91B	14.93B	4.47B	4.42B	4.45B	4.46B	4.48B
Retained Earnings	-10.92B	-11.03B	-10.58B	-10.55B	-9.83B	-8.56B	-8.48B	-9.25B	-8.94B	-8.18B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-31.3M	39.1M	21.1M	-98.5M	-20.4M	-23.7M	-18.77M	-41.68M	-60.99M	-87.35M
Minority Interest	43.9M	38.8M	35.6M	20.6M	14.1M	66.5M	68.61M	58.47M	101.48M	138.92M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	831.6M	1.1B	951.6M	788.7M	1.22B	1.96B	1.14B	1.05B	1.61B	2.45B
Operating CF Margin %	0.27%	0.32%	0.29%	0.25%	0.35%	0.46%	0.44%	0.3%	0.38%	0.48%
Operating CF Growth %	-0.02%	0.32%	-0.13%	-0.17%	0.55%	0.6%	-0.42%	-0.07%	0.53%	0.52%
Net Income	-984.5M	-109.1M	461.42M	-25.6M	717.1M	1.34B	218.7M	30.6M	415.4M	903.25M
Depreciation & Amortization	897.7M	855M	819.4M	753.03M	189.3M	96.8M	700.09M	777.43M	1.04B	1.13B
Stock-Based Compensation	24.7M	13.5M	13.6M	14.6M	14.3M	13.7M	10.8M	9.3M	6.7M	9M
Deferred Taxes	53M	-149.7M	-79.15M	8.45M	41.1M	217.9M	-36.58M	-56.2M	143.9M	106.81M
Other Non-Cash Items	658.3M	194.89M	-236.11M	-1.07M	104.29M	135.5M	113.49M	402.27M	-76.08M	-81.75M
Working Capital Changes	182.4M	294.61M	-27.56M	39.29M	158.81M	151.3M	128.7M	-113.3M	72.8M	377.75M
Change in Receivables	91M	-21.2M	108.6M	-22.7M	-64.5M	-120.9M	-50M	17.9M	69.96M	11.7M
Change in Inventory	63.5M	79.5M	-86.7M	-5.7M	53.8M	-6.8M	-86.7M	-261.6M	-93.08M	14.3M
Change in Payables	0	237.01M	-50.24M	66.24M	169.76M	293.74M	115.18M	125.23M	97.25M	353M
Cash from Investing+	-631.6M	-1.27B	-687.2M	-1.39B	-1.03B	-1.25B	-1.19B	-1.6B	-1.12B	-1.18B
Capital Expenditures	-610M	-633.8M	-897.6M	-1.04B	-1.06B	-964M	-880.19M	-807.9M	-1.12B	-1.17B
CapEx % of Revenue	0.2%	0.18%	0.27%	0.32%	0.3%	0.23%	0.34%	0.23%	0.26%	0.23%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	38.1M	11.5M	14.6M	13.5M	-8M	-18.1M	-246.11M	300.8M	-3.76M	-11.8M
Cash from Financing+	-131.7M	-48.3M	-69M	-72.6M	25.1M	-67.7M	-623.2M	437.5M	-549M	-1.01B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-75.5M	-151.1M	-154M	-147.3M	-147.5M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-51.7M	-74M	-63.7M	-72.6M	-60.6M	-71.5M	-38.1M	-42.1M	400K	-46.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	221.6M	465.4M	54M	-254.7M	164.7M	1.04B	313.5M	285.9M	507M	1.37B
FCF Margin %	0.07%	0.13%	0.02%	-0.08%	0.05%	0.25%	0.12%	0.08%	0.12%	0.27%
FCF Growth %	0.02%	1.1%	-0.88%	-5.72%	1.65%	5.32%	-0.7%	-0.09%	0.77%	1.7%
FCF per Share	0.19	0.38	0.04	-0.20	0.13	0.82	0.25	0.22	0.41	1.11
FCF Conversion (FCF/Net Income)	-0.84x	-10.57x	2.14x	-33.42x	1.70x	1.46x	5.13x	-1.74x	3.86x	2.58x
Interest Paid	0	0	0	0	0	0	0	0	0	35.6M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-22.31%	-2.56%	10.12%	-0.52%	14.58%	22.38%	3.33%	-9.67%	6.92%	14.43%
Return on Invested Capital (ROIC)	-10.33%	0.7%	4.86%	2.68%	11.86%	20.25%	0.71%	1.11%	7.45%	14.56%
Gross Margin	-12.43%	14.22%	21.34%	18.04%	38.57%	54.5%	20.81%	14.92%	27.35%	36.48%
Net Margin	-32.26%	-3%	13.48%	-0.73%	20.55%	31.86%	8.51%	-17.52%	9.82%	18.43%
Debt / Equity	0.50x	0.41x	0.38x	0.38x	0.35x	0.30x	0.25x	0.45x	0.37x	0.21x
Interest Coverage	-10.89x	0.46x	3.89x	2.78x	12.89x	21.20x	1.01x	1.73x	11.61x	30.50x
FCF Conversion	-0.84x	-10.57x	2.14x	-33.42x	1.70x	1.46x	5.13x	-1.74x	3.86x	2.58x
Revenue Growth	-11.95%	13.75%	-4.87%	-2.74%	8.86%	20.48%	-38.3%	32.91%	22.71%	21.44%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
United States	-	-	-	-	1.29B	1.31B	1.36B	1.86B
United States Growth	-	-	-	-	-	1.78%	3.57%	36.39%
Mauritania	-	-	-	-	314.7M	935M	1.2B	1.46B
Mauritania Growth	-	-	-	-	-	197.11%	28.43%	21.29%
Brazil	-	-	-	-	987.9M	1.02B	1.15B	1.26B
Brazil Growth	-	-	-	-	-	3.40%	12.54%	9.51%
Chile	-	-	-	-	5M	183.6M	527.4M	575.9M
Chile Growth	-	-	-	-	-	3572.00%	187.25%	9.20%
Russia	-	-	-	-	862.8M	-	-	-
Russia Growth	-	-	-	-	-	-	-	-
Ghana	-	-	-	-	267M	-	-	-
Ghana Growth	-	-	-	-	-	-	-	-
U	1.46B	1.21B	1.03B	1.32B	-	-	-	-
U Growth	-	-16.88%	-15.10%	27.92%	-	-	-	-
R	726.9M	627.7M	734.4M	904.6M	-	-	-	-
R Growth	-	-13.65%	17.00%	23.18%	-	-	-	-
M	298.4M	307.8M	532.8M	718M	-	-	-	-
M Growth	-	3.15%	73.10%	34.76%	-	-	-	-
G	317.6M	286M	281.6M	295.1M	-	-	-	-
G Growth	-	-9.95%	-1.54%	4.79%	-	-	-	-
C	52M	113.6M	61.2M	16.1M	-	-	-	-
C Growth	-	118.46%	-46.13%	-73.69%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Kinross Gold Corporation (KGC) has a price-to-earnings (P/E) ratio of 43.2x. This suggests investors expect higher future growth.

Growth & Financials

Kinross Gold Corporation (KGC) reported $6.42B in revenue for fiscal year 2024. This represents a 67% increase from $3.84B in 2011.

Kinross Gold Corporation (KGC) grew revenue by 21.4% over the past year. This is strong growth.

Yes, Kinross Gold Corporation (KGC) is profitable, generating $1.75B in net income for fiscal year 2024 (18.4% net margin).

Dividend & Returns

Yes, Kinross Gold Corporation (KGC) pays a dividend with a yield of 0.36%. This makes it attractive for income-focused investors.

Kinross Gold Corporation (KGC) has a return on equity (ROE) of 14.4%. This is reasonable for most industries.

Kinross Gold Corporation (KGC) generated $2.20B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.