Kinross Gold Corporation

NYSE:KGC Stock Report

Market Cap: US$30.3b

Kinross Gold Management

Management criteria checks 4/4

Kinross Gold's CEO is J. Rollinson, appointed in Aug 2012, has a tenure of 13.92 years. total yearly compensation is $8.99M, comprised of 13.8% salary and 86.2% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth $67.84M. The average tenure of the management team and the board of directors is 2.5 years and 6.4 years respectively.

Key information

J. Rollinson

Chief executive officer

US$9.0m

Total compensation

CEO salary percentage13.80%
CEO tenure13.9yrs
CEO ownership0.2%
Management average tenure2.5yrs
Board average tenure6.4yrs

Recent management updates

Recent updates

Seeking Alpha • Jun 25

Kinross Gold: The Bull Case Keeps Getting Stronger Despite Gold's Pullback

Summary Kinross Gold remains a strong buy, with a healthy balance sheet, robust free cash flow, and a significant long-term project pipeline supporting undervaluation. KGC maintains stable production and CapEx guidance through 2028, with growth projects like Great Bear and Lobo-Marte poised to drive upside afterwards and into the 2030s. Free cash flow generation is strong, with $837.5M in Q1 and a commitment to return ~40% of FCF to shareholders via buybacks and dividends. Valuation implies a solid margin of safety even when assuming much lower gold prices, with intrinsic value estimated above current levels even under conservative gold price assumptions. Read the full article on Seeking Alpha
Seeking Alpha • Mar 17

Kinross Gold: Production Growth Concerns Likely To Dictate Stock Trend Through 2025

Summary I am downgrading Kinross Gold from "Hold" to "Sell" due to a lack of production growth catalysts and limited upside in gold prices. Despite a 24% stock increase since August 2024, Kinross lacks growth drivers, with production guidance flat at 2 million ounces annually through 2027. Gold's upside appears capped at $3,100 an ounce, with easing inflation and geopolitical tensions reducing demand, limiting Kinross's potential for meaningful stock gains. While Kinross has strong fundamentals and liquidity, the absence of growth catalysts and potential reserves depletion justify a bearish outlook. Read the full article on Seeking Alpha
Seeking Alpha • Feb 18

Kinross: A Strong Year, But A Softer 2025 Outlook

Summary Kinross Gold reported solid Q4 & FY2024 results with record free cash flow of ~$1.42 billion. Unfortunately, Tasiast's best years are behind it, contributing to lower 2025 production at higher costs and a dip in annual free cash flow. And while KGC has made progress smoothing its '25-'27 production outlook, it has its work cut out for it to return to 2.3MM GEOs to reverse per share production declines. In this update, we'll dig into the Q4 & FY2024 results, recent developments, and whether the stock is offering an adequate margin of safety at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Dec 14

Kinross Gold: Positioned To Shine Amid A Bullish Gold Market

Summary Kinross Gold has gained 61% in 2024, supported by record free cash flow, debt reduction, and stable production, positioning it for a strong 2025. Its latest results showed a slight drop in production, but benefiting from higher gold prices, reporting a 30% revenue increase and modest AISC rise, outperforming competitors. Trading at a 30% discount to its net asset value and below peers’ EV/EBITDA multiple, Kinross offers upside potential, with solid development projects and a stable production outlook. Read the full article on Seeking Alpha
Seeking Alpha • Sep 16

Kinross Gold: Limited Margin Of Safety At Current Levels

Summary Kinross Gold Corporation had another solid quarter in Q2 24 and is tracking well against annual guidance in what's been another impressive year for its Tasiast Mine post-24K expansion. Notably, Kinross' margins surged 40% year-over-year to $955/oz despite fewer ounces sold, benefiting from a record average realized gold price. Meanwhile, the company unveiled an impressive PEA at Great Bear with a $2.0+ billion NPV (5%) even using conservative cost/capex and gold price assumptions. In this update, we'll dig into the Q2 24 results, recent developments, and how its valuation stacks up vs. other million-ounce producer peers. Read the full article on Seeking Alpha
Seeking Alpha • Aug 30

Kinross Gold: Stock Re-Rating Depends On Inorganic Growth Strategy

Summary Initiate coverage on Kinross Gold with a “Hold” rating; stock surged 76% in 12 months due to strong fundamentals and operational performance. Kinross stock remains attractively valued with potential for 30%-40% upside, but concerns about production growth in the next 24–36 months. Strong financials: $480M cash, $2.1B liquidity, low leverage, and robust free cash flow visibility with potential for dividend growth. Kinross needs to boost production; potential paths include asset acquisition or being acquired, but valuation challenges exist. Read the full article on Seeking Alpha
Seeking Alpha • May 08

Kinross Gold: A Strong Q1, But No Longer Cheap

Summary Kinross Gold Corporation reports solid Q1 results with increased production and sales, driven by strong performance at its Tasiast and La Coipa mines. The company's AISC margins soared year-over-year even with a $2,070/oz gold price, suggesting further margin expansion on deck in Q2 with a ~$2,250/oz+ gold price. In this update, we'll dig into the Q1 results and Kinross' updated valuation to see where its updated fair value lies when factoring in the more robust gold price environment. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has J. Rollinson's remuneration changed compared to Kinross Gold's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$3b

Dec 31 2025US$9mUS$1m

US$2b

Sep 30 2025n/an/a

US$2b

Jun 30 2025n/an/a

US$2b

Mar 31 2025n/an/a

US$1b

Dec 31 2024US$8mUS$1m

US$949m

Sep 30 2024n/an/a

US$739m

Jun 30 2024n/an/a

US$493m

Mar 31 2024n/an/a

US$433m

Dec 31 2023US$8mUS$1m

US$416m

Sep 30 2023n/an/a

US$245m

Jun 30 2023n/an/a

US$201m

Mar 31 2023n/an/a

US$40m

Dec 31 2022US$7mUS$1m

US$31m

Sep 30 2022n/an/a

US$71m

Jun 30 2022n/an/a

-US$67m

Mar 31 2022n/an/a

-US$26m

Dec 31 2021US$7mUS$1m

-US$28m

Sep 30 2021n/an/a

US$821m

Jun 30 2021n/an/a

US$1b

Mar 31 2021n/an/a

US$1b

Dec 31 2020US$8mUS$1m

US$1b

Sep 30 2020n/an/a

US$1b

Jun 30 2020n/an/a

US$901m

Mar 31 2020n/an/a

US$777m

Dec 31 2019US$7mUS$1m

US$719m

Compensation vs Market: J.'s total compensation ($USD8.99M) is below average for companies of similar size in the US market ($USD14.46M).

Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.

CEO

J. Rollinson (64 yo)

13.9yrs
Tenure
US$8,990,956
Compensation

Mr. J. Paul Rollinson has been the Chief Executive Officer and Director of Kinross Gold Corporation since August 1, 2012. He served as President of Kinross Gold Corporation until March 06, 2024. He joined...

Leadership Team

NamePositionTenureCompensationOwnership
J. Rollinson
CEO & Director13.9yrsUS$8.99m0.22%
$ 67.8m
Geoffrey Gold
President2.3yrsUS$4.10m0.059%
$ 17.8m
Andrea Freeborough
Executive VP & CFO7.2yrsUS$2.41m0.053%
$ 16.1m
Claude J. Schimper
Executive VP & COO4yrsUS$2.47m0.022%
$ 6.7m
Ryan Latinovich
Executive VP of Corporate Development1.4yrsUS$2.17m0.0090%
$ 2.7m
William Dunford
Executive VP & Chief Technical Officerno dataUS$1.63m0.020%
$ 6.0m
David Shaver
Executive VP of Investor Relations & Communications1.4yrsno data0.017%
$ 5.1m
Lucas Crosby
Senior Vice-President & General Counsel2.5yrsno data0.0029%
$ 863.6k
Kathleen Grandy
Executive Vice President of Global Human Resources5.3yrsno data0.020%
$ 6.0m
Laurence Davies
Senior Vice-President of Finance Operations2.5yrsno data0.00099%
$ 300.0k
Nicos Pfeiffer
Vice-President of Geology & Technical Evaluationsno datano datano data
Julie Robertson
Senior Vice President of Finance1.7yrsno datano data
2.5yrs
Average Tenure

Experienced Management: KGC's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
J. Rollinson
CEO & Director13.9yrsUS$8.99m0.22%
$ 67.8m
Glenn Ives
Independent Director6.2yrsUS$280.90k0.0042%
$ 1.3m
Kerry Dyte
Independent Director8.7yrsUS$248.06k0%
$ 0
George Paspalas
Independent Director2.5yrsUS$244.42k0.00062%
$ 187.9k
Michael Williams
Directorless than a yearno datano data
Michael Lewis
Independent Director3.2yrsUS$232.01k0.00017%
$ 51.5k
Ave Lethbridge
Independent Director11.2yrsUS$226.18k0.000040%
$ 12.1k
David Scott
Independent Director7.2yrsUS$226.18k0.0017%
$ 506.1k
George Albino
Independent Director1.5yrsUS$224.23k0.00063%
$ 190.9k
Candace MacGibbon
Independent Directorless than a yearUS$33.48k0.00014%
$ 42.4k
Kelly Osborne
Independent Chairman11.2yrsUS$339.43k0.000020%
$ 6.1k
Elizabeth McGregor
Independent Director6.7yrsUS$237.12k0.000040%
$ 12.1k
6.4yrs
Average Tenure
63.5yo
Average Age

Experienced Board: KGC's board of directors are considered experienced (6.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/05 02:40
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kinross Gold Corporation is covered by 35 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Richard GrayATB Cormark
Farooq HamedBarclays