NYSE$KGC

Kinross Gold Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Kinross reported strong Q4 2024 results with revenue up 26.91% YoY, driven by higher gold prices. The company achieved record free cash flow and continued debt repayment.

Headline financials

Total Revenue

$1.42B

Previous: $1.12B+26.9%
EPS (adj)

$0.20

Previous: $0.11+81.8%
Attributable Gold Equivalent Ounces Produced

501.2K

No prior period
Attributable Gold Equivalent Ounces Sold

518.0K

No prior period
Attributable Average Realized Gold Price per Ounce

$2.67K

No prior period
Attributable Production Cost of Sales per Equivalent Ounce Sold

$1.1K

No prior period
Attributable All-in Sustaining Cost per Equivalent Ounce Sold

$1.51K

No prior period
Net Cash Flow Provided from Operating Activities

$735M

No prior period
Capital Expenditures

-$289M

Previous: -$311M+7.2%
Net Income

$276M

Previous: $65.4M+321.4%
Operating Income

$501M

Previous: $183M+174.0%
Gross Profit

$832M

Previous: $192M+333.7%

Revenue & EPS history

Kinross Gold · Revenue · Quarterly

$1.42B

Q4 2024+26.9%vs Q4 2023
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

Kinross expects stable production of 2.0M Au eq. oz. in 2025, with a focus on cost control and capital efficiency.

Tailwinds

  • Stable production guidance of 2.0M Au eq. oz. through 2027
  • Expected revenue growth driven by strong gold prices
  • Further cost efficiencies and capital discipline planned
  • Continued debt reduction improving financial flexibility
  • Potential for additional shareholder returns in 2025

Headwinds

  • Expected increase in production costs per ounce
  • Lower expected production at Tasiast in 2025
  • Potential impact of inflation on operating expenses
  • Need for further investment in development projects
  • Continued permitting and regulatory risks at key sites

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

-1.0%

Avg return

30 days after

58%

26 / 45 earnings

Positive

+19.3%

Q4 2015

Best reaction

-11.3%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.5%+1.8%-0.2%
Q4 2025-3.3%+4.3%-23.2%
Q2 2025+3.8%+17.8%+35.5%
Q4 2024-6.1%-7.1%-4.3%
Q3 2024-1.2%+5.0%-0.7%
Q2 2024+4.7%-5.2%-0.2%
Q1 2024+5.2%+12.4%+18.4%
Q4 2023+3.4%+2.2%+14.3%
Q3 2023+0.7%-3.9%+7.3%
Q2 2023-1.3%+2.3%+5.5%
Q1 2023+4.5%-0.2%-9.2%
Q4 2022-5.3%-7.0%-0.5%
Q3 2022+1.2%+1.0%+0.7%
Q2 2022+8.4%+10.9%+10.0%
Q1 2022-5.9%-9.4%-5.9%
Q4 2021+1.6%+1.7%-2.4%
Q3 2021+8.8%+12.5%-14.6%
Q2 2021+6.3%+5.7%-1.6%
Q1 2021-5.4%+0.5%+2.8%
Q4 2020-0.8%+0.5%-8.3%
Q3 2020+7.5%-1.9%-12.4%
Q2 2020-1.0%+5.7%+1.3%
Q1 2020-1.2%+2.5%-7.7%
Q4 2019+3.0%+1.2%-30.5%
Q3 2019-11.3%-13.6%-10.7%
Q2 2019+4.7%+11.9%+16.4%
Q1 2019+1.3%-0.7%+14.3%
Q4 2018+1.2%+8.4%+5.0%
Q3 2018-1.5%-6.7%+5.6%
Q2 2018-5.0%-5.3%-16.7%
Q1 2018-8.9%-7.2%-11.9%
Q4 2017+1.3%+0.3%-7.9%
Q3 2017+6.3%+5.1%-5.6%
Q2 2017+4.9%+0.2%+9.0%
Q1 2017+8.8%+10.9%+26.8%
Q4 2016+0.0%-1.3%-13.5%
Q3 2016+6.3%-0.5%-12.4%
Q2 2016+3.9%+7.0%-11.2%
Q1 2016+1.0%
Q4 2015+19.3%
Q3 2015-1.6%
Q2 2015+2.4%
Q1 2015-3.6%
Q4 2014-10.5%
Q2 2010-5.4%

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