Kinross Gold Corporation is a global mining company engaged in the exploration and production of gold and silver
With a diverse portfolio of mines and projects located across North America, South America, and West Africa, Kinross is dedicated to responsible mining practices and sustainability. The company focuses on maximizing value through the efficient extraction of valuable mineral resources while prioritizing environmental stewardship and community engagement. Kinross seeks to enhance shareholder value by employing advanced technologies and innovation in mining processes, as well as by fostering strong relationships with local stakeholders.
The Atlanta Federal Reserve’s GDPNow model projects a 2.4% contraction in the U.S. economy for the first quarter of 2025, while JPMorgan has raised its recession probability to 40%.
Gold's strong rise continues, with the precious metal hitting a fresh record on Thursday as investors rush to shield their portfolios from mounting trade tensions and economic uncertainty.
Kinross Gold shares are trading higher by 3.1% during Monday's session. The company announced its agreement to acquire 15.41 million common shares of Relevant Gold.
Gold has long been considered a safe-haven investment, prized for its stability and ability to retain value over time. Unlike fiat currencies, gold has consistently served as a store of wealth.
Kinross Gold (KGC) had a strong 2024, delivering record free cash flow and improved margins, while reducing debt. CEO Paul Rollinson stated in the announcement.
Delivered on all key guidance metricsAchieved record free cash flow of more than $1.3 billion and repaid $800 million of debtStrong three-year outlook of 2.0 million Au eq. oz. per year
TORONTO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) (the “Company”) today announced that the Company’s Board of Directors has declared a dividend of US$0.03 per common share for the fourth quarter of 2024.
Market indexes were mixed today, after seeing all the majors in the red before the opening bell. The Dow closed up +123 points, +0.28%, while the S&P 500 squeaked by +2 points.
Kinross Gold receives a double upgrade to "Buy" with a price target of $12.75, as production forecasts rise to 2M GEOs annually. Barrick Gold, however, faces challenges with mine shutdowns and tax disputes, leading to a downgrade to "Neutral." Analyst adjustments project Kinross boosting shareholder returns in 2025, while Barrick grapples with risks in Mali and the Dominican Republic.
Gold's 2024 outperformance has carried over into 2025, with GLD up nearly 3% year-to-date and several gold stocks displaying immense relative strength.
