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Also traded in: Canada, Germany, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.48
KGC's Cash-to-Debt is ranked lower than
71% of the 1545 Companies
in the Global Gold industry.

( Industry Median: 291.20 vs. KGC: 0.48 )
Ranked among companies with meaningful Cash-to-Debt only.
KGC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35  Med: 1 Max: N/A
Current: 0.48
Equity-to-Asset 0.52
KGC's Equity-to-Asset is ranked lower than
59% of the 724 Companies
in the Global Gold industry.

( Industry Median: 0.60 vs. KGC: 0.52 )
Ranked among companies with meaningful Equity-to-Asset only.
KGC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.5  Med: 0.7 Max: 0.86
Current: 0.52
0.5
0.86
Interest Coverage 0.27
KGC's Interest Coverage is ranked lower than
99% of the 1021 Companies
in the Global Gold industry.

( Industry Median: 10000.00 vs. KGC: 0.27 )
Ranked among companies with meaningful Interest Coverage only.
KGC' s Interest Coverage Range Over the Past 10 Years
Min: 0.27  Med: 27.88 Max: 33.82
Current: 0.27
0.27
33.82
Piotroski F-Score: 6
Altman Z-Score: -0.59
Beneish M-Score: -1.37
WACC vs ROIC
14.67%
-25.11%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 0.73
KGC's Operating Margin % is ranked lower than
52% of the 743 Companies
in the Global Gold industry.

( Industry Median: 1.28 vs. KGC: 0.73 )
Ranked among companies with meaningful Operating Margin % only.
KGC' s Operating Margin % Range Over the Past 10 Years
Min: -69.72  Med: -11.51 Max: 28.81
Current: 0.73
-69.72
28.81
Net Margin % -4.44
KGC's Net Margin % is ranked lower than
58% of the 746 Companies
in the Global Gold industry.

( Industry Median: 0.29 vs. KGC: -4.44 )
Ranked among companies with meaningful Net Margin % only.
KGC' s Net Margin % Range Over the Past 10 Years
Min: -99.03  Med: -34.13 Max: 30.63
Current: -4.44
-99.03
30.63
ROE % -3.68
KGC's ROE % is ranked higher than
63% of the 1395 Companies
in the Global Gold industry.

( Industry Median: -10.31 vs. KGC: -3.68 )
Ranked among companies with meaningful ROE % only.
KGC' s ROE % Range Over the Past 10 Years
Min: -49.32  Med: -17.39 Max: 10.23
Current: -3.68
-49.32
10.23
ROA % -1.90
KGC's ROA % is ranked higher than
68% of the 1566 Companies
in the Global Gold industry.

( Industry Median: -9.58 vs. KGC: -1.90 )
Ranked among companies with meaningful ROA % only.
KGC' s ROA % Range Over the Past 10 Years
Min: -31.02  Med: -12.63 Max: 7.36
Current: -1.9
-31.02
7.36
ROC (Joel Greenblatt) % 0.33
KGC's ROC (Joel Greenblatt) % is ranked higher than
71% of the 1487 Companies
in the Global Gold industry.

( Industry Median: -13.76 vs. KGC: 0.33 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
KGC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -34.64  Med: -14.62 Max: 18.67
Current: 0.33
-34.64
18.67
3-Year Revenue Growth Rate 2.30
KGC's 3-Year Revenue Growth Rate is ranked higher than
66% of the 624 Companies
in the Global Gold industry.

( Industry Median: -3.70 vs. KGC: 2.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
KGC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -18.8  Med: 1.8 Max: 94
Current: 2.3
-18.8
94
3-Year EPS without NRI Growth Rate -66.40
KGC's 3-Year EPS without NRI Growth Rate is ranked lower than
93% of the 990 Companies
in the Global Gold industry.

( Industry Median: -20.60 vs. KGC: -66.40 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
KGC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -66.4  Med: -9.3 Max: 81
Current: -66.4
-66.4
81
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» KGC's 10-Y Financials

Financials (Next Earnings Date: 2017-05-16 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

KGC Guru Trades in Q1 2016

Louis Moore Bacon 2,640,000 sh (New)
David Dreman 8,579 sh (New)
Jim Simons 47,149,874 sh (+42.70%)
First Eagle Investment 4,801,889 sh (unchged)
Mario Gabelli 45,000 sh (unchged)
Paul Tudor Jones Sold Out
Arnold Van Den Berg Sold Out
Donald Smith 69,714,967 sh (-0.52%)
Ray Dalio 971,900 sh (-35.67%)
Joel Greenblatt 550,015 sh (-72.23%)
» More
Q2 2016

KGC Guru Trades in Q2 2016

RS Investment Management 44,787 sh (New)
Louis Moore Bacon 2,640,000 sh (unchged)
Mario Gabelli 45,000 sh (unchged)
Joel Greenblatt Sold Out
Donald Smith 69,453,803 sh (-0.37%)
Ray Dalio 906,500 sh (-6.73%)
Jim Simons 41,769,572 sh (-11.41%)
First Eagle Investment 3,691,889 sh (-23.12%)
David Dreman 5,617 sh (-34.53%)
» More
Q3 2016

KGC Guru Trades in Q3 2016

Ray Dalio 1,041,700 sh (+14.91%)
Mario Gabelli 45,000 sh (unchged)
Louis Moore Bacon Sold Out
David Dreman 5,387 sh (-4.09%)
Donald Smith 62,367,511 sh (-10.20%)
Jim Simons 34,003,699 sh (-18.59%)
First Eagle Investment 2,324,836 sh (-37.03%)
» More
Q4 2016

KGC Guru Trades in Q4 2016

Joel Greenblatt 83,254 sh (New)
Ray Dalio 1,418,950 sh (+36.21%)
Jim Simons 38,818,472 sh (+14.16%)
Donald Smith 63,894,554 sh (+2.45%)
Mario Gabelli 45,000 sh (unchged)
First Eagle Investment Sold Out
David Dreman Sold Out
» More
» Details

Insider Trades

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Business Description

Industry: Metals & Mining » Gold    NAICS: 212221    SIC: 611
Compare:NAS:RGLD, NYSE:AU, OTCPK:CAHPF, NYSE:GFI, OTCPK:CELTF, NYSE:EGO, OTCPK:ZHAOF, NYSE:AUY, AMEX:BTG, OTCPK:DRGDF, NYSE:AGI, OTCPK:OGDCF, NYSE:IAG, OTCPK:NESRF, NYSE:SBGL, AMEX:NGD, OTCPK:EDVMF, OTCPK:CAGDF, OTCPK:KLGDF, OTCPK:TORXF » details
Traded in other countries:K.Canada, KIN2.Germany, KG.Switzerland, 0R2D.UK,
Headquarter Location:Canada
Kinross Gold Corp is a gold mining company. It is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, extraction and processing of gold-containing ore and reclamation of gold mining properties.

Kinross Gold is a Canada-based senior gold producer, producing more than 2.7 million gold equivalent ounces in 2016. The company had 31 million ounces of proven and probable gold reserves and 37 million ounces of silver reserves at the end of 2016. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.

Top Ranked Articles about Kinross Gold Corp

Kinross Can Proceed With Tasiast Expansion Gold producer enters agreements with trade union and the Mauritanian government
In an effort to give continuity to its mining activities at Tasiast in Mauritania, Kinross Gold Corporation (NYSE:KGC) agreed to a new three-year collective labor agreement (CLA) with unionized employees and to the "Mauritanization" plan to promote the job integration of the indigenous population at Tasiast, with the government of Mauritania, a requirement under Mauritanian law. Read more...
Kinross Releases Second Quarter Update Kinross Gold Corporation reported 16% increase in revenue and 1.6% increase in gold production. The bottom line has improved.
Yesterday Kinross Gold Corporation (NYSE:KGC) announced its results for the second quarter ending on June 30. The miner reported adjusted net loss of $9.8 million, or 0.01 cents per share, compared with adjusted net loss of $13.6 million, or 0.01 cents per share, in the second quarter of 2015 and met analysts' expectations on EPS. Read more...
Kinross to Announce Q2 Financial Results on July 27, 2016
TORONTO, ON--(Marketwired - July 05, 2016) - Kinross Gold (TSX: K) (NYSE: KGC) will release its financial statements and operating results for the second quarter 2016 on Wednesday, July 27, 2016, after market close. A conference call and audio webcast will then be held on July 28, 2016 at 8 a.m. ET to discuss the results, followed by a question-and-answer session. The call-in numbers are as follows: Canada & US toll-free -- 1-800-319-4610Outside of Canada & US -- 1-604-638-5340Replay (available up to 14 days after the call): Canada & US toll-free -- 1-800-319-6413; Passcode - 00585 followed by #. Outside of Canada & US -- 1-604-638-9010; Passcode - 00585 followed by #. You may also access the conference call on a listen-only basis via webcast at www.kinross.com, where it will also be archived.About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (TSX: K) and the New York Stock Exchange (NYSE: KGC).
Media Contact

Louie Diaz
Director, Corporate Communications
phone: 416-369-6469
[email protected]

Investor Relations Contact

Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
[email protected]

www.kinross.com

Kinross Gold Corporation
25 York Street, 17th Floor
Toronto, ON Canada M5J 2V5



Read more...
Kinross Nevada Tour Highlights Growth Potential at Bald Mountain and Round Mountain
TORONTO, ON--(Marketwired - June 29, 2016) - In advance of an analyst tour of its Bald Mountain and Round Mountain mines in Nevada on June 29 and 30, Kinross Gold (TSX: K) (NYSE: KGC) provided an update on development plans and exploration activities at both operations. Highlights: Bald MountainKinross believes it can substantially increase the site's current mineral reserve estimate and extend estimated life of mine by developing two sets of deposits in the near-term.2016 exploration budget increased by 50% to US$9 million, as promising results reaffirm Kinross' confidence in the site's significant upside potential. Round MountainThe Process Solution Management (PSM) heap leach program is expected to produce approximately 200,000 - 230,000 Au eq. oz. over life of mine at a low cost of $200 - $400 per Au eq. oz., which includes production cost of sales and capital expenditures.The completion of the Phase W expansion scoping study adds approximately 2.4 million Au oz. to the Company's estimated inferred mineral resource1. Bald Mountain updateNear-term upside potential Since acquiring Bald Mountain approximately six months ago, developing the mine's upside potential continues to be a top priority for the Company. Kinross is now focused on developing two sets of deposits that can substantially increase the current 1.1 million Au oz. mineral reserve estimate2 and extend estimated life of mine. The first set of deposits, the Vantage Complex3, is well-drilled and located in the 100% Kinross-owned South area of the property. The Company plans to conduct a modest infill and metallurgical drilling program to potentially convert a significant portion of the Vantage Complex's current estimated measured and indicated mineral resources of approximately 600 Au koz. and estimated inferred mineral resources of approximately 125 Au koz. to estimated mineral reserves in the first quarter of 2017. Studies have also commenced regarding heap leach and carbon-in-column infrastructure for the deposit. There are more than 1,200 pre-existing drill holes at the Vantage Complex, which was last mined in 1996. At the second set of deposits, the Saga and Duke3 pits, located in the 100% Kinross-owned North area of the property, the Company plans to conduct additional drilling to potentially convert a significant portion of the deposits' current estimated measured and indicated mineral resources of approximately 550 Au koz. and estimated inferred mineral resources of approximately 76 Au koz. to estimated mineral reserves by year-end 2016. A drilling program was recently completed at the Saga pit, where the vast majority of the ounces are located, and is expected to improve its economics. Recently mined from 2007 - 2011, Saga is a well-understood deposit with approximately 470 Au koz. of estimated measured and indicated mineral resources2 situated within the current permitted area of the site. Mine plan optimization and exploration work completed at Saga has been promising and indicates potential for improved value and mineral resource growth compared with prior expectations. The current mine plan conservatively assumes an approximate 30% conversion of Bald Mountain's current estimated mineral resources to mineral reserves upon receipt of permits and completion of modest infill drilling at the Vantage Complex and additional drilling at Saga. Kinross anticipates that completion of the proposed drill programs will provide sufficient information to declare new mineral reserve estimates at year-end 2016 for Saga and Duke and at Q1 2017 for the Vantage Complex. The permitting process to allow expansion of exploration and mining activities is entering its final days of completion with no substantive issues remaining. The permit covers the expanded mine plan, numerous under-explored pits (including the Vantage Complex and Yankee, another promising target in the South area), and provides significant flexibility for future growth, such as allowing for extensive heap leach capacity. Exploration and long-term upside potential Exploration at Bald Mountain continues to progress well, with initial results reaffirming the Company's confidence in the site's significant upside potential. Kinross has increased Bald Mountain's 2016 exploration budget to US$9 million, from the previous US$6 million, to focus on the Vantage Complex, Saga and Duke, and other promising targets aimed at increasing the mine's estimated resource base and converting a substantial portion of the mine's estimated mineral resources to mineral reserves. Located in Nevada, one of the world's most attractive mining jurisdictions, and along the Carlin Trend, one of the world's most prolific gold producing regions, Bald Mountain offers multiple opportunities to add to its mineral reserve estimates and transform it into a long-life mine in Kinross' portfolio. Kinross is taking a renewed approach to exploration at Bald Mountain by drilling deeper and testing for both intrusion-related and Carlin-type mineralization. Kinross has now identified more than 20 target areas believed to have high potential, the majority of which are located on 100%-owned Kinross property. Several known deposits are also open in multiple directions and are relatively under-explored. The exploration team currently has three rigs on site, and has completed approximately 15,000 metres of reverse circulation and core drilling since the close of the acquisition. The majority of exploration activity continues to be focused in the North area of the property at the Saga, Top and Redbird pits and is expected to turn to the South area at the end of the third quarter. In 2016, the team is also considering initiating surface exploration work such as geologic mapping and geochemical and geophysical surveys in the joint venture area of the property, with drilling expected to commence in 20174. Operational updateAs previously disclosed in Q1 2016, production at Bald Mountain will be lower than expected for the first half of 2016. While the Company expects improvements in the second half of the year, 2016 production and costs will be impacted by short-term integration issues, including a higher than anticipated level of stripping from the adopted mine plan, harsh winter conditions in Q1, and the replenishment of ADR plant inventory. As the planned stripping campaign is completed this year, Kinross expects to almost double production for 2017 and 2018, compared with expected 2016 production, while reducing production costs, as mining will be focused in the optimal portion of the Top pit orebody. As full integration is completed, the Company is also exploring continuous improvement projects at Bald Mountain, including applying Round Mountain's Process Solution Management program principles (see section below) to the mine's heaps, while optimizing shift changes, blasting schedules and other areas to increase efficiency. Round Mountain updateProcess Solution Management (PSM) program At Round Mountain, the Company continues to realize benefits from the PSM program, a continuous improvement initiative aimed at enhancing heap leach performance. Launched at the end of 2014, PSM contributed more than 20,000 Au eq. oz. to the mine's strong production performance in 2015, its best year since 2009. The PSM program is expected to produce approximately 200,000 - 230,000 Au eq. oz. over life of mine at a low cost of approximately $200 - $400 per Au eq. oz., which includes production cost of sales and capital expenditures. Leaching is expected to continue until 2027 at Round Mountain, with milling forecast to end in 2022 and mining forecast to end in 2019. Kinross continues to study options to both increase and accelerate recovery of high-margin PSM ounces at Round Mountain's large heap leach pads, which have almost 800 million tonnes of ore stacked on two 450-foot high heaps. The PSM program, which began by creating models of the heaps to gain a better understanding of how to increase recovery and maximize cash flow, comprises three stages: The first stage, started in 2014, includes adding new solution piping to increase solution grade and recovery, optimizing the flow of gold-loaded solution to the carbon columns (CIC), implementation of side-slope leaching to reach under-leached areas, re-grading areas of the heap, and implementation of a pH enhancement system. The second stage, planned for 2016 and 2017, includes implementing improvements to the CIC and ADR plants to further increase recovery by reducing leach pad solution inventory. For the third stage, the Company is examining additional opportunities to increase recovery, including implementing solution wells to increase solution flow to sections of the pad that are hard to reach. Phase W scoping study5Kinross recently completed a scoping study for a potential expansion called Phase W, a large zone of known mineralization that extends to the west of the main Round Mountain pit and is part of the same deposit that has been mined for the past 38 years. As a result of the scoping study, which included a rebuild and reinterpretation of the geological model of the Phase W deposit, Kinross has added approximately 98 million tonnes of estimated inferred resources at an average grade of 0.8 g/t, resulting in approximately 2.4 million Au oz.6 This estimated inferred mineral resource is an incremental addition to Round Mountain's previously reported estimated mineral resources as at December 31, 2015, and exclusive of estimated mineral reserves2. Kinross is targeting infill and geostatistical drilling for the second half of 2016 with the goal of converting a portion of the new inferred mineral resource estimate to an indicated mineral resource by year-end 2016.The Phase W scoping study focused primarily on 1.3 million Au oz. of this recent addition to the inferred mineral resource estimate and may potentially extend estimated mine life. Initial results of the study are encouraging and Kinross plans to continue studying options to optimize the Phase W mine plan and capital spend. Kinross intends to include the additional inferred resources in an updated mineral resource and mineral reserve estimate for the Round Mountain property by year-end 2016.About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (TSX: K) and the New York Stock Exchange (NYSE: KGC).Appendix 1: Round Mountain Incremental Additions to Mineral Resource Estimate NotesMineral Resources that are not Mineral Reserves do not have demonstrated economic viability.Mineral Resources are reported below the 31 December 2015 mined surface and are constrained using an optimized Lerchs-Grossman pit shell.The additional inferred mineral resource is entirely external to the resource shell for the previously reported Mineral Resources in Kinross' Annual Information Form dated March 30, 2016.Mineral Resources are reported to cut-off grades ranging from 0.22 g/t to 0.41 g/t Au based on a gold price of US$1,400/oz.The above mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum's "CIM Definition Standards -- For Mineral Resources and Mineral Reserves" incorporated by reference into National Instrument 43-101 "Standards of Disclosure for Mineral Projects".Cautionary statement on forward-looking informationAll statements, other than statements of historical fact in this news release constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements contained in this news release include those under the heading, or headings containing the phrases "Near-term upside potential", "Exploration and long-term upside potential" and "Phase W scoping study", and include, without limitation, statements with respect to: our estimates, expectations, forecasts and guidance for production, production costs of sales, all-in sustaining cost and capital expenditures; as well as references to other possible events, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and amount of estimated future production, timing of the development of expansion development and mining activities, and permitting timelines. The words "anticipate", "budget", "develop", "estimate", "expect", "exploration", "focus", "model", "opportunity", "optimize", "option", "plan", "potential", "principle", "priority", "promising", "scoping", "study", "target", "trend", and "upside", that certain actions, events or results will affect, or will occur or result, and similar such expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by Kinross as of the date of such statements, are inherently subject to significant uncertainties and contingencies. These uncertainties and contingencies can affect, and could cause, Kinross' actual results to differ materially from those expressed or implied in any forward looking statements made by, or on behalf of, Kinross. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward looking statements made in this news release are qualified by these cautionary statements and those made in our filings with the securities regulators of Canada and the U.S, including but not limited to those cautionary statements made in the "Risk Analysis" section of our full year 2015 management's discussion and analysis and the "Risk Factors" section of our 2016 Annual Information Form. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.Other informationWhere we say "we", "us", "our", the "Company", or "Kinross" in this news release, we mean Kinross Gold Corporation and/or its applicable subsidiary(ies).The technical information about the Company's mineral properties contained in this news release (other than exploration activities) has been prepared under the supervision of Mr. John Sims, an officer of the Company who is a "qualified person" within the meaning of National Instrument 43-101 ("NI 43-101"). The technical information about the Company's exploration activities contained in this news release has been prepared under the supervision of Mr. Sylvain Guerard, an officer of the Company who is a "qualified person" within the meaning of NI 43-101.1 See "Phase W scoping study" section regarding incremental additions to Round Mountain's mineral resource estimates, which were calculated using a $1,400/oz. gold price assumption.2 For more information regarding Kinross' 2015 mineral reserve and mineral resource estimates, please refer to the Company's Annual Mineral Reserve and Mineral Resource Statement as at December 31, 2015 contained in its Annual Information Form filed March 30, 2016, which is also available at www.kinross.com.3 Although work is ongoing at the two deposits, there can be no assurance that the actual work will permit the conversion of mineral resources to mineral reserves. The figures noted regarding the two deposits are estimates based on Kinross' work completed to date and the programs expected to be completed and constitute forward-looking statements. Key assumptions of potential future mineral reserves are based on a gold price of US$1,200/oz. and cut-off grade of 0.2 g/t.4 Subject to approval by the Kinross -- Barrick JV committee. 5 A scoping study is preliminary in nature and is based on inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of the scoping study will be realized.6 See Appendix 1 for additional information regarding incremental additions to Round Mountain's mineral resource estimate.
Media Contact
Louie Diaz
Director, Corporate Communications
phone: 416-369-6469
[email protected]

Investor Relations Contact
Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
[email protected]



Read more...
Kinross Temporarily Suspends Mining and Processing Operations at the Tasiast Mine
TORONTO, ON--(Marketwired - June 20, 2016) - Kinross Gold (TSX: K) (NYSE: KGC) announced today that mining and processing operations at its Tasiast mine in Mauritania have been temporarily suspended. As a result of the Mauritanian Ministry of Labor's decision on June 17, 2016 to prohibit certain expatriate employees from working at site due to allegations of invalid work permits, the Company could not continue to fully operate the site in a safe and environmentally responsible manner. The Company has taken all steps necessary to ensure that its work permits are in good standing and valid under Mauritanian law and to comply with the requisite formalities including the filing of all requests and applications in accordance with the stipulated timeframes. The Company understands that a number of other institutions and companies in Mauritania are presently experiencing similar work permit issues with the Ministry of Labor. Discussions with the government of Mauritania to resolve the issue are ongoing. The Company does not expect this issue to affect development of the Tasiast Phase One expansion.The Company continues to be committed to increasing the number of local workers who have the necessary skills and experience to work at Tasiast, which is consistent with Kinross practice at all its operations. Currently, approximately 88% of employees at Tasiast are Mauritanian nationals. About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
Media Contact:
Louie Diaz
Director, Corporate Communications
Phone: 416-369-6469
[email protected]

Investor Relations Contact:
Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
Phone: 416-365-3390
[email protected]
www.kinross.com



Read more...
Kinross Announces End of Strike at Tasiast Mine
TORONTO, ON--(Marketwired - June 13, 2016) - Kinross Gold Corporation (TSX: K) (NYSE: KGC) announced that the strike by unionized employees at its Tasiast mine that began on May 24, 2016 has ended. Striking employees began returning to work on June 11, 2016 and negotiations with the staff delegates on a new collective labour agreement and other outstanding items are expected to re-commence within ten days. Employees retain the right to strike during negotiations subject to Mauritanian labour laws.The strike is not expected to impact the Company's annual regional guidance and did not affect development of the Tasiast Phase One expansion.About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (TSX: K) and the New York Stock Exchange (NYSE: KGC).Cautionary statement on forward-looking informationAll statements, other than statements of historical fact in this news release constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this news release. The words "development", "expect", "focus" and "guidance" that certain actions, events or results will affect, or will occur or result, and similar such expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by Kinross as of the date of such statements, are inherently subject to significant uncertainties and contingencies. These uncertainties and contingencies can affect, and could cause, Kinross' actual results to differ materially from those expressed or implied in any forward looking statements made by, or on behalf of, Kinross. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward looking statements made in this news release are qualified by these cautionary statements and those made in our filings with the securities regulators of Canada and the U.S, including but not limited to those cautionary statements made in the "Risk Analysis" section of our full year 2015 management's discussion and analysis and the "Risk Factors" section of our 2016 Annual Information Form. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.Other informationWhere we say "we", "us", "our", the "Company", or "Kinross" in this news release, we mean Kinross Gold Corporation and/or its applicable subsidiary(ies).www.kinross.com
Media Contact
Louie Diaz
Director, Corporate Communications
phone: 416-369-6469
[email protected]

Investor Relations Contact
Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
[email protected]



Read more...
Unionized Employees Strike at Tasiast Mine
TORONTO, ON--(Marketwired - May 24, 2016) -  Following a strike notice by Tasiast unions previously announced on May 10, 2016, unionized employees at Kinross Gold's Tasiast mine in Mauritania have today initiated strike action. The Company remains open to re-commencing negotiations on a new collective agreement and to resolve other outstanding items with union representatives. The Company does not expect the strike to affect development of the Tasiast Phase One expansion. About Kinross Gold Corporation
Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (TSX: K) and the New York Stock Exchange (NYSE: KGC). Cautionary statement on forward-looking information
All statements, other than statements of historical fact in this news release constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this news release. The words "development" and "expect" that certain actions, events or results will affect, or will occur or result, and similar such expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by Kinross as of the date of such statements, are inherently subject to significant uncertainties and contingencies. These uncertainties and contingencies can affect, and could cause, Kinross' actual results to differ materially from those expressed or implied in any forward looking statements made by, or on behalf of, Kinross. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward looking statements made in this news release are qualified by these cautionary statements and those made in our filings with the securities regulators of Canada and the U.S, including but not limited to those cautionary statements made in the "Risk Analysis" section of our full year 2015 management's discussion and analysis and the "Risk Factors" section of our most recently filed Annual Information Form. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Other information

Where we say "we", "us", "our", the "Company", or "Kinross" in this news release, we mean Kinross Gold Corporation and/or its applicable subsidiary(ies).

Media Contact

Louie Diaz
Director, Corporate Communications
phone: 416-369-6469
[email protected]

Investor Relations Contact
Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
[email protected]



Read more...
Kinross Announces Annual Shareholder Meeting Voting Results
TORONTO, ON--(Marketwired - May 11, 2016) - Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced the detailed voting results of the election of its Board of Directors, which took place at the Company's Annual Meeting of Shareholders today. The nine nominees listed in the Management Information Circular dated March 22, 2016 were elected as Directors of Kinross at the meeting. Voting results were as follows: Board of Directors elected


 
 
 
 
 



Nominee


Votes for


% for


Votes withheld


% withheld



Ian Atkinson
724,564,506
98.22
13,119,177
1.78


John A. Brough
673,675,723
91.32
64,007,960
8.68


John M.H. Huxley
681,600,939
92.40
56,082,744
7.60


Ave G. Lethbridge
706,815,411
95.82
30,868,272
4.18


Catherine McLeod-Seltzer
688,263,888
93.30
49,419,795
6.70


John E. Oliver
679,469,119
92.11
58,214,564
7.89


Kelly J. Osborne
725,810,463
98.39
11,873,221
1.61


Una M. Power
725,782,032
98.39
11,901,652
1.61


J. Paul Rollinson
710, 397,737
96.30
27,285,946
3.70


 
 
 
 
 

Voting results at the Annual Meeting of Shareholders approving "Say on Pay", an advisory resolution on executive compensation, and the appointment of the auditors, were as follows: "Say on Pay" advisory resolution


 
 
 
 



Votes for


% for


Votes against


% against



654,833,779
88.76
82,908,386
11.24


 
 
 
 

Appointment of auditors


 
 
 
 



Votes for


% for


Votes withheld


% withheld



790,651,324
96.51
28,633,218
3.49


 
 
 
 

About Kinross Gold Corporation
Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (TSX: K) and the New York Stock Exchange (NYSE: KGC).
Media Contact



Louie Diaz
Director, Corporate Communications
phone: 416-369-6469
[email protected]

Investor Relations Contact

Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
[email protected]



Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 50.51
KGC's Forward PE Ratio is ranked lower than
93% of the 583 Companies
in the Global Gold industry.

( Industry Median: 17.01 vs. KGC: 50.51 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
Price-to-Owner-Earnings 22.73
KGC's Price-to-Owner-Earnings is ranked lower than
56% of the 230 Companies
in the Global Gold industry.

( Industry Median: 17.45 vs. KGC: 22.73 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
KGC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 14.73  Med: 26.86 Max: 245.05
Current: 22.73
14.73
245.05
PB Ratio 1.07
KGC's PB Ratio is ranked higher than
73% of the 1388 Companies
in the Global Gold industry.

( Industry Median: 2.03 vs. KGC: 1.07 )
Ranked among companies with meaningful PB Ratio only.
KGC' s PB Ratio Range Over the Past 10 Years
Min: 0.37  Med: 1.22 Max: 4.04
Current: 1.07
0.37
4.04
PS Ratio 1.28
KGC's PS Ratio is ranked higher than
60% of the 672 Companies
in the Global Gold industry.

( Industry Median: 1.84 vs. KGC: 1.28 )
Ranked among companies with meaningful PS Ratio only.
KGC' s PS Ratio Range Over the Past 10 Years
Min: 0.59  Med: 3.72 Max: 13.16
Current: 1.28
0.59
13.16
Price-to-Free-Cash-Flow 9.62
KGC's Price-to-Free-Cash-Flow is ranked higher than
72% of the 237 Companies
in the Global Gold industry.

( Industry Median: 17.07 vs. KGC: 9.62 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
KGC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 7.82  Med: 32.2 Max: 154.9
Current: 9.62
7.82
154.9
Price-to-Operating-Cash-Flow 4.04
KGC's Price-to-Operating-Cash-Flow is ranked higher than
82% of the 385 Companies
in the Global Gold industry.

( Industry Median: 8.68 vs. KGC: 4.04 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
KGC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.23  Med: 11.26 Max: 71.81
Current: 4.04
2.23
71.81
EV-to-EBIT 291.38
KGC's EV-to-EBIT is ranked lower than
87% of the 904 Companies
in the Global Gold industry.

( Industry Median: 20.02 vs. KGC: 291.38 )
Ranked among companies with meaningful EV-to-EBIT only.
KGC' s EV-to-EBIT Range Over the Past 10 Years
Min: -137.1  Med: -2.4 Max: 316.9
Current: 291.38
-137.1
316.9
EV-to-EBITDA 6.15
KGC's EV-to-EBITDA is ranked higher than
87% of the 971 Companies
in the Global Gold industry.

( Industry Median: 10.14 vs. KGC: 6.15 )
Ranked among companies with meaningful EV-to-EBITDA only.
KGC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -132.8  Med: 8.2 Max: 1310.5
Current: 6.15
-132.8
1310.5
Current Ratio 3.26
KGC's Current Ratio is ranked higher than
61% of the 1502 Companies
in the Global Gold industry.

( Industry Median: 2.17 vs. KGC: 3.26 )
Ranked among companies with meaningful Current Ratio only.
KGC' s Current Ratio Range Over the Past 10 Years
Min: 1.2  Med: 2.82 Max: 14.5
Current: 3.26
1.2
14.5
Quick Ratio 1.72
KGC's Quick Ratio is ranked higher than
50% of the 1502 Companies
in the Global Gold industry.

( Industry Median: 1.71 vs. KGC: 1.72 )
Ranked among companies with meaningful Quick Ratio only.
KGC' s Quick Ratio Range Over the Past 10 Years
Min: 0.55  Med: 1.8 Max: 13.22
Current: 1.72
0.55
13.22
Days Inventory 128.37
KGC's Days Inventory is ranked lower than
77% of the 606 Companies
in the Global Gold industry.

( Industry Median: 76.92 vs. KGC: 128.37 )
Ranked among companies with meaningful Days Inventory only.
KGC' s Days Inventory Range Over the Past 10 Years
Min: 60.77  Med: 110.89 Max: 134.63
Current: 128.37
60.77
134.63
Days Sales Outstanding 2.14
KGC's Days Sales Outstanding is ranked higher than
72% of the 600 Companies
in the Global Gold industry.

( Industry Median: 36.83 vs. KGC: 2.14 )
Ranked among companies with meaningful Days Sales Outstanding only.
KGC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.53  Med: 2.53 Max: 31.79
Current: 2.14
0.53
31.79
Days Payable 10.73
KGC's Days Payable is ranked lower than
91% of the 464 Companies
in the Global Gold industry.

( Industry Median: 47.37 vs. KGC: 10.73 )
Ranked among companies with meaningful Days Payable only.
KGC' s Days Payable Range Over the Past 10 Years
Min: 7.19  Med: 10.71 Max: 158.7
Current: 10.73
7.19
158.7

Buy Back

vs
industry
vs
history
3-Year Dividend Growth Rate -100.00
KGC's 3-Year Dividend Growth Rate is ranked lower than
69% of the 229 Companies
in the Global Gold industry.

( Industry Median: -20.60 vs. KGC: -100.00 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
KGC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 18.6
Current: -100
0
18.6
5-Year Yield-on-Cost % 2.10
KGC's 5-Year Yield-on-Cost % is ranked lower than
51% of the 895 Companies
in the Global Gold industry.

( Industry Median: 2.23 vs. KGC: 2.10 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
KGC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.15  Med: 0.63 Max: 3.22
Current: 2.1
0.15
3.22
3-Year Average Share Buyback Ratio -2.90
KGC's 3-Year Average Share Buyback Ratio is ranked higher than
79% of the 1131 Companies
in the Global Gold industry.

( Industry Median: -12.90 vs. KGC: -2.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
KGC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -129.8  Med: -22.8 Max: -0.2
Current: -2.9
-129.8
-0.2

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.11
KGC's Price-to-Tangible-Book is ranked higher than
75% of the 1342 Companies
in the Global Gold industry.

( Industry Median: 2.29 vs. KGC: 1.11 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
KGC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.47  Med: 1.77 Max: 4.23
Current: 1.11
0.47
4.23
Price-to-Intrinsic-Value-Projected-FCF 1.43
KGC's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
64% of the 325 Companies
in the Global Gold industry.

( Industry Median: 2.03 vs. KGC: 1.43 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
KGC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.8  Med: 1.98 Max: 22.76
Current: 1.43
0.8
22.76
Price-to-Median-PS-Value 0.34
KGC's Price-to-Median-PS-Value is ranked higher than
92% of the 518 Companies
in the Global Gold industry.

( Industry Median: 1.05 vs. KGC: 0.34 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
KGC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.17  Med: 0.89 Max: 2.34
Current: 0.34
0.17
2.34
Earnings Yield (Greenblatt) % 0.34
KGC's Earnings Yield (Greenblatt) % is ranked higher than
56% of the 1748 Companies
in the Global Gold industry.

( Industry Median: -0.10 vs. KGC: 0.34 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
KGC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.3  Med: 4.6 Max: 10.2
Current: 0.34
0.3
10.2

More Statistics

Revenue (TTM) (Mil) $3,472
EPS (TTM) $ -0.12
Beta0.52
Short Percentage of Float1.45%
52-Week Range $2.88 - 5.82
Shares Outstanding (Mil)1,246.75

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 3,323 3,207 3,029
EPS ($) 0.06 0.09 0.08
EPS without NRI ($) 0.06 0.09 0.08
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
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