Kinross Gold Corporation
BASE:KGC Stock Report
Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6 Kinross Gold has a total shareholder equity of $6.8B and total debt of $1.7B, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are $10.8B and $4.0B respectively. Kinross Gold's EBIT is $1.1B making its interest coverage ratio 38.4. It has cash and short-term investments of $488.9M.
Key information
24.8%
Debt to equity ratio
Interest coverage ratio 38.4x Cash US$488.90m Equity US$6.79b Total liabilities US$3.97b Total assets US$10.76b
Recent financial health updates
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Kinross Gold Corporation Releases Pea for Great Bear Project Sep 10
Kinross Gold Corporation Declares Quarterly Dividend, Payable on September 6, 2024 Aug 01
Kinross Gold Corporation Provides Production Guidance for the Year 2024 May 09
Kinross Gold Corporation Declares Dividend for the First Quarter of 2024, Payable on June 13, 2024 May 08
Kinross Gold Corporation Declares Quarterly Dividend for the Fourth Quarter of 2023, Payable on March 21, 2024 Feb 15 Kinross Gold Corporation to Report Q1, 2024 Results on May 07, 2024
Kinross Gold Corporation Provides Production Guidance for the Year 2023, 2024 and 2025 Nov 10
Kinross Gold Corporation Declares Quarterly Dividend, Payable on December 14, 2023 Nov 09 Kinross Gold Corporation Reaffirms Production Guidance for the Year 2023, 2024 and 2025
Kinross Gold Corporation Elects Michael A. Lewis as Director May 12 Kinross Gold Corporation Provides Production Guidance for the Year 2023, 2024 and 2025
Kinross Gold Corporation Provides Production Guidance for the Year 2023, 2024 and 2025 Feb 17
Kinross Gold Corporation Declares Dividend for the Fourth Quarter of 2022, Payable on March 23, 2023 Feb 16
Kinross Gold Corporation Announces Robust Initial Mineral Resource of 2.7 Moz. Indicated and 2.3 Moz. Inferred for Great Bear Project Feb 14 Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others. Jan 20
Kinross Gold Corporation to Report Q1, 2023 Results on May 09, 2023 Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others for approximately $590 million. Nov 11
Kinross Gold Corporation Declares Quarterly Dividend, Payable on December 15, 2022 Nov 10
Kinross Gold Corporation (TSX:K) announces an Equity Buyback. Sep 20
Asante Gold Corporation (CNSX:ASE) completed the acquisition of 90% stake in Chirano Gold Mines Limited from Kinross Gold Corporation (TSX:K). Aug 11
Kinross Gold Corporation Announces Management Changes Jul 30
Kinross Gold Corporation Declares Quarterly Dividend, Payable on September 1, 2022 Jul 28
Kinross Gold Corporation Provides Update on Great Bear Project and U.S. Projects Jun 29
Highland Gold Mining Limited completed the acquisition of Russian Assets of Kinross Gold Corporation (TSX:K). Jun 16
Kinross Gold Corporation Declares Dividend for the First Quarter of 2022, Payable on June 16, 2022 May 12
Kinross Gold Corporation Provides Update on Great Bear Development Apr 08 Asante Gold Corporation (CNSX:ASE) has entered into an Exclusivity Agreement to acquire 90% stake in Chirano Gold Mines Limited from Kinross Gold Corporation (TSX:K). Apr 07
Highland Gold Mining Limited entered into a definitive agreement to acquire Russian Assets of Kinross Gold Corporation (TSX:K) for $680 million. Kinross Gold Reportedly in Exclusive Talks to Sell its Arctic Russian Mine to Fortiana Holdings
Kinross Confirms Plans to Divest Russian Assets, in Talks with Potential Buyer Mar 31 Kinross Gold Corporation to Suspend Russian Operations Mar 04
Kinross Gold Corporation (TSX:K) completed the acquisition of Great Bear Resources Ltd. (TSXV:GBR) from a group of investors. Feb 25
Kinross Declares Quarterly Dividend for the Fourth Quarter of 2021 Payable on March 24, 2022 Feb 17
Financial Position Analysis
Short Term Liabilities: KGC's short term assets ($2.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: KGC's short term assets ($2.0B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: KGC's net debt to equity ratio (17.6%) is considered satisfactory .
Reducing Debt: KGC's debt to equity ratio has reduced from 38.4% to 24.8% over the past 5 years.
Debt Coverage: KGC's debt is well covered by operating cash flow (126%).
Interest Coverage: KGC's interest payments on its debt are well covered by EBIT (38.4x coverage).
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