We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's How Much a $1000 Investment in Kinross Gold Made 10 Years Ago Would Be Worth Today
Read MoreHide Full Article
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Kinross Gold (KGC - Free Report) ten years ago? It may not have been easy to hold on to KGC for all that time, but if you did, how much would your investment be worth today?
Kinross Gold's Business In-Depth
With that in mind, let's take a look at Kinross Gold's main business drivers.
Based in Ontario, Canada, Kinross Gold Corporation is involved in the exploration and operation of gold mines. It ranks among the top 10 gold mining companies in the world, with a 2024 production of around 2.17 million gold equivalent ounces. The company's operations are primarily located in the Americas (roughly 71% of 2024 production). It holds major assets in Canada and the United States. It is mainly involved in the exploration and operation of gold mines. Kinross also produces and sells silver.
The company has facilities in the United States, Canada, Brazil, Chile, and caters to a diverse clientele in Brazil, Chile, Canada, and Greece. It runs several mines, including Fort Knox, Round Mountain and Bald Mountain in the United States; La Coipa in Chile; Tasiast in Mauritania; and Paracatu in Brazil. The company’s development projects include Great Bear in Canada and Round Mountain Phase X in Nevada.
The company’s strategy is to boost shareholders’ value by increasing net asset value, precious metal reserves, long-term cash flow production and earnings per share.
In February 2018, Kinross’ fully-owned subsidiary — Kinross Brasil Mineracao — announced the acquisition of two hydroelectric power plants located in Brazil from a subsidiary of Gerdau SA for $257 million. The two plants — Barra dos Coqueiros and Cacu — are expected to secure a long-term power supply for Kinross’ Paracatu mine, which will lower production costs over the life of mine. In July 2018, the transaction was completed successfully.
The deal considerably de-risks supply chain as it is expected to secure just about 70% of Paracatu’s anticipated power requirements at a low, fixed cost, while the remaining 30% power demand is expected to be fulfilled by third-party suppliers under fixed-term power purchase agreements. This will lower market exposure for a key input in an environment where Kinross expects input costs to rise. Moreover, strategic investment in core asset will further enhance and strengthen Paracatu, which is a cornerstone asset in the company’s portfolio.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Kinross Gold, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in June 2015 would be worth $6,885.96, or a 588.60% gain, as of June 24, 2025, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
The S&P 500 rose 183.64% and the price of gold increased 176.29% over the same time frame in comparison.
Going forward, analysts are expecting more upside for KGC.
Earnings estimates for Kinross for the second quarter have been going up over the past month. Kinross has a strong production profile and boasts a promising pipeline of exploration and development projects. It is focusing on organic growth through its Tasiast mine, where the Phase One expansion boosted production capacity, and the Tasiast 24K expansion further increased throughput and production. The Manh Choh project at Fort Knox is expected to extend operations and benefit from higher gold prices. The Great Bear project in Ontario also offers a promising long-term opportunity with substantial gold resources. Higher gold prices should also boost Kinross’ profitability and drive cash flow generation. However, the company's higher production costs are expected to dent its results. A high debt level is another concern.
Shares have gained 6.73% over the past four weeks and there have been 7 higher earnings estimate revisions for fiscal 2025 compared to none lower. The consensus estimate has moved up as well.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's How Much a $1000 Investment in Kinross Gold Made 10 Years Ago Would Be Worth Today
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Kinross Gold (KGC - Free Report) ten years ago? It may not have been easy to hold on to KGC for all that time, but if you did, how much would your investment be worth today?
Kinross Gold's Business In-Depth
With that in mind, let's take a look at Kinross Gold's main business drivers.
Based in Ontario, Canada, Kinross Gold Corporation is involved in the exploration and operation of gold mines. It ranks among the top 10 gold mining companies in the world, with a 2024 production of around 2.17 million gold equivalent ounces. The company's operations are primarily located in the Americas (roughly 71% of 2024 production). It holds major assets in Canada and the United States. It is mainly involved in the exploration and operation of gold mines. Kinross also produces and sells silver.
The company has facilities in the United States, Canada, Brazil, Chile, and caters to a diverse clientele in Brazil, Chile, Canada, and Greece. It runs several mines, including Fort Knox, Round Mountain and Bald Mountain in the United States; La Coipa in Chile; Tasiast in Mauritania; and Paracatu in Brazil. The company’s development projects include Great Bear in Canada and Round Mountain Phase X in Nevada.
The company’s strategy is to boost shareholders’ value by increasing net asset value, precious metal reserves, long-term cash flow production and earnings per share.
In February 2018, Kinross’ fully-owned subsidiary — Kinross Brasil Mineracao — announced the acquisition of two hydroelectric power plants located in Brazil from a subsidiary of Gerdau SA for $257 million. The two plants — Barra dos Coqueiros and Cacu — are expected to secure a long-term power supply for Kinross’ Paracatu mine, which will lower production costs over the life of mine. In July 2018, the transaction was completed successfully.
The deal considerably de-risks supply chain as it is expected to secure just about 70% of Paracatu’s anticipated power requirements at a low, fixed cost, while the remaining 30% power demand is expected to be fulfilled by third-party suppliers under fixed-term power purchase agreements. This will lower market exposure for a key input in an environment where Kinross expects input costs to rise. Moreover, strategic investment in core asset will further enhance and strengthen Paracatu, which is a cornerstone asset in the company’s portfolio.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Kinross Gold, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in June 2015 would be worth $6,885.96, or a 588.60% gain, as of June 24, 2025, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
The S&P 500 rose 183.64% and the price of gold increased 176.29% over the same time frame in comparison.
Going forward, analysts are expecting more upside for KGC.
Earnings estimates for Kinross for the second quarter have been going up over the past month. Kinross has a strong production profile and boasts a promising pipeline of exploration and development projects. It is focusing on organic growth through its Tasiast mine, where the Phase One expansion boosted production capacity, and the Tasiast 24K expansion further increased throughput and production. The Manh Choh project at Fort Knox is expected to extend operations and benefit from higher gold prices. The Great Bear project in Ontario also offers a promising long-term opportunity with substantial gold resources. Higher gold prices should also boost Kinross’ profitability and drive cash flow generation. However, the company's higher production costs are expected to dent its results. A high debt level is another concern.
Shares have gained 6.73% over the past four weeks and there have been 7 higher earnings estimate revisions for fiscal 2025 compared to none lower. The consensus estimate has moved up as well.