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Kinross Gold Corp. (DE:KIN2)
XETRA:KIN2
Holding DE:KIN2?
Track your performance easily
Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.23Last Year’s EPS
€0.1Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -2.91%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
Kinross Gold delivered strong financial and operational results in Q3 2024, highlighted by record free cash flow, successful debt reduction, and positive progress on key projects like Great Bear. However, the company is facing some production challenges at Bald Mountain and Round Mountain and is cautious about next year’s production and cost outlook due to potential lower outputs and inflationary pressures.Company Guidance
During the Kinross Gold Q3 2024 earnings call, the company provided robust guidance metrics, showcasing a solid performance and positive outlook. The company reported a quarterly production of 564,000 ounces of gold at a cost of sales of $980 per ounce, with a total year-to-date production of 1.5 million ounces on track for the full-year target of 2.1 million ounces. Operating margins grew by 14% compared to the previous quarter, generating a record quarterly free cash flow of $450 million, contributing to a nine-month total of over $900 million. The company has also been successful in repaying $650 million of its $1 billion term loan. With all-in sustaining costs at $1,350 per ounce, Kinross remains focused on maintaining cost discipline and is well-positioned to achieve its year-end guidance, supported by strong operational performance and ongoing exploration efforts.Record Free Cash Flow
Kinross Gold reported a record quarterly free cash flow of $450 million, a 20% increase over the prior quarter, with a year-to-date free cash flow of over $900 million.
Debt Reduction Achievements
The company has repaid $650 million of the $1 billion term loan, leaving $350 million outstanding, and aims to make further repayments by year-end.
Strong Operational Performance
Production in Q3 was strong with 564,000 ounces at a cost of sales under $1,000 per ounce. The Tasiast and Paracatu mines both had higher production and cash flow compared to the previous quarter.
Great Bear Project Progress
The Great Bear project showed significant potential with a PEA outlining potential annual production of 500,000 ounces and robust cash flow at an all-in sustaining cost of approximately $800 per ounce.
Safety Milestone Achieved
Kinross' global safety excellence program has been completed by over 70% of the workforce.
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DE:KIN2 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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DE:KIN2 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | €9.14 | €9.21 | +0.74% |
| Jul 31, 2024 | €8.25 | €8.28 | +0.38% |
| May 07, 2024 | €6.19 | €6.58 | +6.40% |
| Feb 14, 2024 | €4.56 | €4.76 | +4.23% |
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. (DE:KIN2) report earnings?
Kinross Gold Corp. (DE:KIN2) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Kinross Gold Corp. (DE:KIN2) earnings time?
Kinross Gold Corp. (DE:KIN2) earnings time is at Feb 12, 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 the P/E ratio of Kinross Gold Corp. stock?
The P/E ratio of Kinross Gold is 16.1.
What is DE:KIN2 EPS forecast?
DE:KIN2 EPS forecast for the fiscal quarter 2024 (Q4) is €0.23.
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