Kinross Gold
🇨🇦 NYSE:KGC
•
Dec 31, 2024
Kinross Gold Q4 2024 Earnings Report
Key Takeaways
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.
Kinross Gold Revenue
Kinross Gold EPS
Kinross Gold Revenue by Segment
Kinross Gold Revenue by Geographic Location
Forward Guidance
Kinross expects stable production of 2.0M Au eq. oz. in 2025, with a focus on cost control and capital efficiency.
Positive Outlook
- 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
Challenges Ahead
- 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