Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025.
It is a $28.1B materials company. Revenue grew 36.9% over the last year, it keeps 34¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 8.7× earnings.
- Website
- kinross.com
- Employees
- 7 100
- Sector
- Basic Materials
- Founded
- 1993
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, growth, profitability, health and quality.
Valuation95
- P/E vs own history2th pct · 25/25
- FCF yield10.9% · 25/25
- P/S3.3x · 20/25
- EV/EBITDA4.6x · 25/25
Growth75
- Revenue CAGR28.3% · 25/25
- Net income CAGR81.3% · 25/25
- EPS CAGR ~5Y82.7% · 25/25
- Fwd implied growth-15.5% · 0/25
Profitability100
- ROIC30.4% · 25/25
- ROE36.0% · 25/25
- Net margin33.9% · 25/25
- Operating margin52.6% · 25/25
Health100
- Altman Z5.49 · 25/25
- Current ratio2.89 · 25/25
- Interest coverage364.0x · 25/25
- Net cash / debtNet cash · 25/25
Quality87
- Piotroski F9/9 · 25/25
- Beneish M-2.93 · 25/25
- FCF conversion128% · 25/25
- Margin stabilityσ 13.9% · 12/25
Moat51
- ROIC >12% years2/5 yrs · 6/25
- Median gross margin50.6% · 20/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst -17.5% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$2.39B net income
- FY2024FinancialBecame debt-freecash now exceeds total debt
- FY2021FinancialFirst recorded profitable year$221M net income
- FY2021FinancialRevenue already above $1B$2.60B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
- 2021AcquisitionKinross offered to acquire Great Bear Resources for $29 per share, or about $1.8 billion, giving…
- 2012ProductSecurities class action lawsuits launched in the U.S
- 2010AcquisitionKinross purchased 91% of Red Back Mining for $7.1 billion
- 2007AcquisitionThe TVX merger resulted in Kinross' stake in the La Coipa open pit mine, the remainder being purchased from Goldcorp…
- 2006AcquisitionKinross bought Crown Resources Corporation, which gave it ownership of the mineral resource Buckhorn…
- 2003AcquisitionKinross TVX Gold and Echo Bay Mines shareholders approved a $3-billion merger, combining the three…
- 1999AcquisitionKinross acquired Hollinger Mines in 1999 as part of a land package prior to the bankruptcy of Royal Oak Mines (later…
- 1998AcquisitionA wholly owned subsidiary of Kinross merged with Amax Gold, forming Kinam Gold, the company's largest…
- 1993FoundedKinross Gold Corporation is a Canadian gold and silver mining company founded in 1993 and headquartered in Toronto,…
- Jun 1, 1993IPOKinross was listed on the Toronto Stock Exchange and NASDAQ, then on the New York Stock Exchange in…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (56.3%)
- Strongly profitable — 33.9% net margin
- Revenue growing 36.9% year over year
- Strong cash conversion — FCF is 43.4% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+36.9% YoY
- Profitable — makes more than it spends$2.39B FY2025
- Profit growing — earnings are higher than last year+13.0% YoY
- Generates cash — cash left after running and investing$3.06B FY2025
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$28.1B market cap
- Not printing shares — share count not ballooning — you keep your slice-2.9% shares over ~5y
- Proven track record — years of profitability behind it4/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 5.5 — safe
- Pays a dividend — returns cash to shareholdersyield 0.63%
- Valuation not extreme — price not wildly above earningsP/E 8.7
Peer comparisonKinross Gold Corporation vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| KGC this company | $28.1B | 8.7 | +36.9% | 33.9% | Strong |
| LIN Linde plc Ordinary Share | $223.2B | 30.8 | +6.6% | 20.4% | Solid |
| SCCO Southern Copper Corporation | $176.8B | 31.2 | +32.8% | 35.9% | Strong |
| NEM Newmont Corporation | $124.2B | 14.4 | +25.2% | 33.4% | Strong |
| FCX Freeport-McMoran Inc. | $105.8B | 35.9 | +0.2% | 11.4% | Strong |
| AEM Agnico Eagle Mines Ltd. | $95.8B | 15.9 | +43.7% | 37.5% | Strong |
| B Barrick Mining Corporation | $67.5B | 10.1 | +9.2% | 31.6% | Strong |
Head-to-head: KGC vs LIN · KGC vs SCCO · KGC vs NEM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/KGC
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Deeper analysis of KGC on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $23.71 · market cap $28.1B.