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 Q4 Earnings and Sales Beat on Higher Gold Prices
Read MoreHide Full Article
Key Takeaways
KGC's Q4 profit surged to $906.5M as adjusted EPS of 67 cents beat estimates.
Revenue jumped 43% to $2.02B on a 56% rise in average realized gold prices.
Kinross guides 2026 output of 2M oz, remaining stable in 2027 and 2028.
Kinross Gold Corporation (KGC - Free Report) reported a profit of $906.5 million or 75 cents per share for fourth-quarter 2025. The figure increased from a profit of $275.6 million or 22 cents per share recorded in the year-ago quarter.
KGC reported adjusted earnings of 67 cents per share, up from the prior-year quarter’s figure of 20 cents. The bottom line beat the Zacks Consensus Estimate of 55 cents.
Revenues rose roughly 43% year over year to $2,023 million in the fourth quarter. The figure beat the Zacks Consensus Estimate of $1,874.4 million. The rise is attributed to a higher average realized gold price.
Kinross Gold Corporation Price, Consensus and EPS Surprise
The company produced (attributable) 483,582 gold equivalent ounces in the reported quarter, down 3.5% year over year. Consolidated production was 489,671 ounces. The figure beat our estimate of 452,757 gold equivalent ounces.
Average realized gold prices were $4,144 per ounce in the quarter, up 56% from the year-ago quarter’s tally. The figure beat our estimate of $4,080 per ounce.
The production cost of sales per gold equivalent ounce was $1,297, up 18.1% from the prior-year quarter’s levels. This was above our estimate of $1,218. All-in-sustaining cost per gold equivalent ounce sold rose nearly 21% year over year to $1,825. This was above our estimate of $1,823.
Margin per gold equivalent ounce sold was $2,847 in the quarter, up from the prior-year quarter’s $1,565.
KGC’s Financials
Cash and cash equivalents were $1,742.3 million at the end of the quarter, up around 185% year over year. Long-term debt was $738.2 million at the end of the quarter, declining 40.3%.
KGC’s Outlook
Kinross expects to produce 2 million gold equivalent ounces (+/- 5%) on an attributable basis in 2026, with a production cost of sales per gold equivalent ounces of $1,360 (+/- 5%) and an all-in sustaining (AISC) cost of $1,730 (+/- 5%) per ounce sold. Total attributable capital expenditures are estimated to be $1,500 million (+/- 5%).
The annual production is estimated to be approximately 2 million attributable Au eq. oz. (+/- 5%) in 2027 and 2028.
KGC’s Price Performance
Kinross’ shares have surged 205.1% in the past year compared with an 133.4% rise in the industry.
Image Source: Zacks Investment Research
KGC’s Zacks Rank & Key Picks
KGC currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are AngloGold Ashanti Plc (AU - Free Report) , Methanex Corporation (MEOH - Free Report) , and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
AngloGold Ashanti is scheduled to report fourth-quarter results on Feb. 20. AU carries a Zacks Rank #1 (Strong Buy) at present. The consensus estimate for AU’s fourth-quarter earnings is pegged at $1.90, indicating a 113.5% year-over-year growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
Methanex is expected to report fourth-quarter results on March 5. MEOH carries a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for MEOH’s fourth-quarter earnings is pegged at 81 cents, indicating a 35% year-over-year decline.
Avino Silver is scheduled to report fourth-quarter results on March 11. ASM carries a Zacks Rank #2 at present. The Zacks Consensus Estimate for ASM’s fourth-quarter earnings is pegged at 6 cents, indicating a 14.3% year-over-year decline.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Kinross Gold Q4 Earnings and Sales Beat on Higher Gold Prices
Key Takeaways
Kinross Gold Corporation (KGC - Free Report) reported a profit of $906.5 million or 75 cents per share for fourth-quarter 2025. The figure increased from a profit of $275.6 million or 22 cents per share recorded in the year-ago quarter.
KGC reported adjusted earnings of 67 cents per share, up from the prior-year quarter’s figure of 20 cents. The bottom line beat the Zacks Consensus Estimate of 55 cents.
Revenues rose roughly 43% year over year to $2,023 million in the fourth quarter. The figure beat the Zacks Consensus Estimate of $1,874.4 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 (attributable) 483,582 gold equivalent ounces in the reported quarter, down 3.5% year over year. Consolidated production was 489,671 ounces. The figure beat our estimate of 452,757 gold equivalent ounces.
Average realized gold prices were $4,144 per ounce in the quarter, up 56% from the year-ago quarter’s tally. The figure beat our estimate of $4,080 per ounce.
The production cost of sales per gold equivalent ounce was $1,297, up 18.1% from the prior-year quarter’s levels. This was above our estimate of $1,218. All-in-sustaining cost per gold equivalent ounce sold rose nearly 21% year over year to $1,825. This was above our estimate of $1,823.
Margin per gold equivalent ounce sold was $2,847 in the quarter, up from the prior-year quarter’s $1,565.
KGC’s Financials
Cash and cash equivalents were $1,742.3 million at the end of the quarter, up around 185% year over year. Long-term debt was $738.2 million at the end of the quarter, declining 40.3%.
KGC’s Outlook
Kinross expects to produce 2 million gold equivalent ounces (+/- 5%) on an attributable basis in 2026, with a production cost of sales per gold equivalent ounces of $1,360 (+/- 5%) and an all-in sustaining (AISC) cost of $1,730 (+/- 5%) per ounce sold. Total attributable capital expenditures are estimated to be $1,500 million (+/- 5%).
The annual production is estimated to be approximately 2 million attributable Au eq. oz. (+/- 5%) in 2027 and 2028.
KGC’s Price Performance
Kinross’ shares have surged 205.1% in the past year compared with an 133.4% rise in the industry.
KGC’s Zacks Rank & Key Picks
KGC currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are AngloGold Ashanti Plc (AU - Free Report) , Methanex Corporation (MEOH - Free Report) , and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
AngloGold Ashanti is scheduled to report fourth-quarter results on Feb. 20. AU carries a Zacks Rank #1 (Strong Buy) at present. The consensus estimate for AU’s fourth-quarter earnings is pegged at $1.90, indicating a 113.5% year-over-year growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
Methanex is expected to report fourth-quarter results on March 5. MEOH carries a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for MEOH’s fourth-quarter earnings is pegged at 81 cents, indicating a 35% year-over-year decline.
Avino Silver is scheduled to report fourth-quarter results on March 11. ASM carries a Zacks Rank #2 at present. The Zacks Consensus Estimate for ASM’s fourth-quarter earnings is pegged at 6 cents, indicating a 14.3% year-over-year decline.