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.
Kinross Gold's Q2 Earnings Surpass Estimates on Higher Gold Prices
Read MoreHide Full Article
Key Takeaways
KGC posted Q2 adjusted EPS of 44 cents, up from 14 cents, beating the estimate of 33 cents.
Revenue rose 41.7% to $1.73B on higher realized gold prices, topping the $1.35B estimate.
KGC's average gold price hit $3,284/oz, boosting margins to $2,204/oz from $1,313 a year earlier.
Kinross Gold Corporation (KGC - Free Report) reported a profit of $530.7 million or 43 cents per share for second-quarter 2025. The figure increased from a profit of $210.9 million or 17 cents per share recorded in the year-ago quarter.
KGC reported adjusted earnings of 44 cents per share compared with the prior-year quarter’s figure of 14 cents. The bottom line beat the Zacks Consensus Estimate of 33 cents.
Revenues rose nearly 41.7% year over year to $1,728.5 million in the second quarter. It topped the Zacks Consensus Estimate of $1,347.3 million. The rise is attributed to a higher average realized gold price.
Kinross Gold Corporation Price, Consensus and EPS Surprise
The company produced 512,574 gold equivalent ounces in the reported quarter, down 4.3% year over year. The figure beat our estimate of 487,940 gold equivalent ounces.
Average realized gold prices were $3,284 per ounce in the quarter, up 40.2% from the year-ago quarter’s tally. The figure beat our estimate of $2,771 per ounce.
The production cost of sales per gold equivalent ounce was $1,074, up 4.4% from the prior-year quarter’s levels. This was below our estimate of $1,143. All-in-sustaining cost per gold equivalent ounce sold rose nearly 7.6% year over year to $1,493. This was below our estimate of $1,499.
Margin per gold equivalent ounce sold was $2,204 in the quarter, up from the prior-year quarter’s $1,313.
KGC’s Financials
Cash and cash equivalents were $1,136.5 million at the end of the quarter, up around 136.7% year over year. Long-term debt was $1,236.4 million at the end of the quarter, up about 0.2%.
KGC’s Outlook
Kinross expects to produce 2 million gold equivalent ounces (+/- 5%) on an attributable basis, with a production cost of sales per gold equivalent ounces of $1,120 (+/- 5%) and an all-in sustaining cost of $1,500 (+/- 5%) per ounce sold. Total attributable capital expenditures are projected to be $1,150 million (+/- 5%).
KGC’s Price Performance
Kinross’ shares have surged 105.4% in the past year compared with a 51.7% rise of the industry.
Image Source: Zacks Investment Research
KGC’s Zacks Rank & Other Key Picks
KGC currently carries a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. (RGLD - Free Report) , Avino Silver & Gold Mines Ltd. (ASM - Free Report) and Barrick Mining Corporation (B - Free Report) .
Royal Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Avino Silver is scheduled to report second-quarter results on Aug 13. The Zacks Consensus Estimate for ASM’s second-quarter earnings is pegged at 3 cents. ASM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 104.2%. ASM currently carries a Zacks Rank #1.
Barrick Mining is slated to report second-quarter results on Aug 11. The consensus estimate for Barrick’s earnings is pegged at 47 cents. Barrick, carrying a Zacks Rank #1, beat the consensus estimate in three of the last four quarters, with the average earnings surprise being 12.5%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kinross Gold's Q2 Earnings Surpass Estimates on Higher Gold Prices
Key Takeaways
Kinross Gold Corporation (KGC - Free Report) reported a profit of $530.7 million or 43 cents per share for second-quarter 2025. The figure increased from a profit of $210.9 million or 17 cents per share recorded in the year-ago quarter.
KGC reported adjusted earnings of 44 cents per share compared with the prior-year quarter’s figure of 14 cents. The bottom line beat the Zacks Consensus Estimate of 33 cents.
Revenues rose nearly 41.7% year over year to $1,728.5 million in the second quarter. It topped the Zacks Consensus Estimate of $1,347.3 million. The rise is attributed to a higher average realized gold price.
Kinross Gold Corporation Price, Consensus and EPS Surprise
Kinross Gold Corporation price-consensus-eps-surprise-chart | Kinross Gold Corporation Quote
KGC’s Operational Performance
The company produced 512,574 gold equivalent ounces in the reported quarter, down 4.3% year over year. The figure beat our estimate of 487,940 gold equivalent ounces.
Average realized gold prices were $3,284 per ounce in the quarter, up 40.2% from the year-ago quarter’s tally. The figure beat our estimate of $2,771 per ounce.
The production cost of sales per gold equivalent ounce was $1,074, up 4.4% from the prior-year quarter’s levels. This was below our estimate of $1,143. All-in-sustaining cost per gold equivalent ounce sold rose nearly 7.6% year over year to $1,493. This was below our estimate of $1,499.
Margin per gold equivalent ounce sold was $2,204 in the quarter, up from the prior-year quarter’s $1,313.
KGC’s Financials
Cash and cash equivalents were $1,136.5 million at the end of the quarter, up around 136.7% year over year. Long-term debt was $1,236.4 million at the end of the quarter, up about 0.2%.
KGC’s Outlook
Kinross expects to produce 2 million gold equivalent ounces (+/- 5%) on an attributable basis, with a production cost of sales per gold equivalent ounces of $1,120 (+/- 5%) and an all-in sustaining cost of $1,500 (+/- 5%) per ounce sold. Total attributable capital expenditures are projected to be $1,150 million (+/- 5%).
KGC’s Price Performance
Kinross’ shares have surged 105.4% in the past year compared with a 51.7% rise of the industry.
Image Source: Zacks Investment Research
KGC’s Zacks Rank & Other Key Picks
KGC currently carries a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. (RGLD - Free Report) , Avino Silver & Gold Mines Ltd. (ASM - Free Report) and Barrick Mining Corporation (B - Free Report) .
Royal Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Avino Silver is scheduled to report second-quarter results on Aug 13. The Zacks Consensus Estimate for ASM’s second-quarter earnings is pegged at 3 cents. ASM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 104.2%. ASM currently carries a Zacks Rank #1.
Barrick Mining is slated to report second-quarter results on Aug 11. The consensus estimate for Barrick’s earnings is pegged at 47 cents. Barrick, carrying a Zacks Rank #1, beat the consensus estimate in three of the last four quarters, with the average earnings surprise being 12.5%.