Kinross Gold Corporation (KGC - Free Report) recently issued its long-term production view. The company expects to produce around 2.5 million gold equivalent ounces (GEO) per annum on an average from 2020-to-2029, which will be mainly driven by promising organic opportunities across its global portfolio.
In September, the company stated that it expects to increase gold production from 2021 to 2023 by 20%, including 2.4 million GEO in 2021, 2.7 million GEO in 2022 and 2.9 million GEO in 2023. The company also expects overall cost of sales per ounce to decline over its three-year growth profile.
Kinross’ growth production outlook from 2021 to 2023 is based on expected additional ounces from higher planned production at Kupol and mine-life extension at Chirano. It is also likely to gain from expected enhancements at the Fort Knox, including accelerating production at the Gilmore project. Also, the company expects persistent outperformance at Paracatu with improvements in throughput and higher expected production from the north area of Bald Mountain.
In September, the company reinstated its 2020 guidance that was issued on Feb 12, 2020. Notably, Kinross revoked its full-year guidance in April due to the global uncertainties associated with the coronavirus pandemic.
Kinross, which is among the prominent gold mining companies along with Newmont Corporation (NEM - Free Report) , Barrick Gold Corporation (GOLD - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) , continues to expect production of 2.4 million (+/-5%) GEOs for 2020. All-in sustaining costs are forecast to be $970 (+/-5%) per GEOs for 2020. The company also expects current-year production cost of sales of $720 (+/-5%) per GEOs.
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Kinross Gold Corporation (KGC - Free Report) recently issued its long-term production view. The company expects to produce around 2.5 million gold equivalent ounces (GEO) per annum on an average from 2020-to-2029, which will be mainly driven by promising organic opportunities across its global portfolio.
In September, the company stated that it expects to increase gold production from 2021 to 2023 by 20%, including 2.4 million GEO in 2021, 2.7 million GEO in 2022 and 2.9 million GEO in 2023. The company also expects overall cost of sales per ounce to decline over its three-year growth profile.
Kinross’ growth production outlook from 2021 to 2023 is based on expected additional ounces from higher planned production at Kupol and mine-life extension at Chirano. It is also likely to gain from expected enhancements at the Fort Knox, including accelerating production at the Gilmore project. Also, the company expects persistent outperformance at Paracatu with improvements in throughput and higher expected production from the north area of Bald Mountain.
In September, the company reinstated its 2020 guidance that was issued on Feb 12, 2020. Notably, Kinross revoked its full-year guidance in April due to the global uncertainties associated with the coronavirus pandemic.
Kinross, which is among the prominent gold mining companies along with Newmont Corporation (NEM - Free Report) , Barrick Gold Corporation (GOLD - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) , continues to expect production of 2.4 million (+/-5%) GEOs for 2020. All-in sustaining costs are forecast to be $970 (+/-5%) per GEOs for 2020. The company also expects current-year production cost of sales of $720 (+/-5%) per GEOs.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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