Kinross GoldMEX:KGCN -18.54%83 Gross Margin % is 59.87% as of Mar. 2026, which is 146% above its 10-year median of 24.35. GuruFocus rates MEX:KGCN with a GF Score™ of 83/100 and a GF Value™ of MXN282.64 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 730 Metals & Mining companies, Kinross Gold ranks better than 81.51% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Kinross Gold had a gross margin of 59.87% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Kinross Gold Gross Margin % Related Terms
Kinross Gold Gross Margin % Historical Data
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The historical data trend for Kinross Gold's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:KGCN vs NEM, AU, CDE: Gross Margin % Comparison
For the Gold subindustry, Kinross Gold's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kinross Gold Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Kinross Gold's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Kinross Gold (MEX:KGCN) has a Gross Margin % of 59.87% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Kinross Gold and its competitors. This is 146% above median its historical median of 24.35. Over the past decade, Kinross Gold's Gross Margin % has ranged from 14.22 to 56.46. According to the industry distribution chart, Kinross Gold ranks #135 out of 730 companies in the Metals & Mining industry, placing it in the top 18.5%.
Is Kinross Gold's Gross Margin % too high?
Kinross Gold's current Gross Margin % of 59.87% is 146% above median its 10-year median of 24.35. Over the past 10 years, this metric has ranged from a low of 14.22 to a high of 56.46. The Metals & Mining industry median Gross Margin % is 26.05. Kinross Gold's value of 59.87% is 129.9% above this industry median. Based on the distribution chart, Kinross Gold ranks #135 out of 730 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kinross Gold has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Gross Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #135 out of 730 companies for Gross Margin %. This places Kinross Gold in the top 19% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.05. Kinross Gold's value of 59.87% is 129.9% above this benchmark. Historically, Kinross Gold's own Gross Margin % has ranged from 14.22 to 56.46 over the past decade. While the company's 10-year median is 24.35 vs. the industry median of 26.05, Kinross Gold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.05, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kinross Gold's current Gross Margin % of 59.87% is 129.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Kinross Gold and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinross Gold's current Gross Margin % is 59.87%, which is 146% above median its own 10-year median of 24.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (MEX:KGCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN282.64, compared to a current price of MXN413.00 — trading 46.1% above its estimated fair value. The current Gross Margin % is 59.87%, which is 146% above median its 10-year median of 24.35 and 129.9% above the Metals & Mining industry median of 26.05. Kinross Gold's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Kinross Gold (MEX:KGCN), the current Gross Margin % is 59.87% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kinross Gold (MEX:KGCN) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of MXN413.00 is trading 46.1% above its estimated GF Value™ of MXN282.64.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for MEX:KGCN:
Gross Margin %: 59.87% (146% above median its 10-year median of 24.35)
GF Value™: MXN282.64 vs. price of MXN413.00 (46.1% above fair value)
Industry Position: 129.9% above the Metals & Mining median (#135 of 730)
No single metric tells the full story. See the MEX:KGCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. 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. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
83GF Score
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