Kinross Gold Corp logo

Kinross Gold Corp

3
NYSE:KGC (Canada)  
$ 6.47 -0.3 (-4.43%) 10:08 PM EST
19.95
P/B:
1.33
Enterprise V:
$ 10.22B
Volume:
22.12M
Avg Vol (2M):
16.88M
Also Trade In:
Volume:
22.12M
Avg Vol (2M):
16.88M

Business Description

Description
Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.