Last C$4.34 CAD
Change Today -0.02 / -0.46%
Volume 10.3M
K On Other Exchanges
Symbol
Exchange
New York
As of 4:10 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

kinross gold corp (K) Snapshot

Open
C$4.43
Previous Close
C$4.36
Day High
C$4.45
Day Low
C$4.30
52 Week High
08/27/13 - C$6.44
52 Week Low
05/30/14 - C$3.97
Market Cap
5.0B
Average Volume 10 Days
5.8M
EPS TTM
C$0.09
Shares Outstanding
1.1B
EX-Date
09/19/13
P/E TM
43.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for KINROSS GOLD CORP (K)

kinross gold corp (K) Related Businessweek News

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kinross gold corp (K) Details

Kinross Gold Corporation, together with its subsidiaries, is engaged in mining and processing gold and silver ores. It is involved in the exploration, acquisition, development, and operation of gold bearing properties. The company has operations in Canada, the United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana, and Mauritania. As of December 31, 2013, its proven and probable mineral reserves included 42.8 million ounces of gold, 44.8 million ounces of silver, and 1.4 billion pounds of copper. The company was founded in 1972 and is based in Toronto, Canada.

Founded in 1972

kinross gold corp (K) Top Compensated Officers

Chief Executive Officer and Non Independent D...
Total Annual Compensation: $1.1M
President and Chief Operating Officer
Total Annual Compensation: $846.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $597.0K
Executive Vice President of Corporate Affairs
Total Annual Compensation: $517.1K
Chief Legal Officer, Executive Vice-President...
Total Annual Compensation: $592.3K
Compensation as of Fiscal Year 2013.

kinross gold corp (K) Key Developments

Kinross Gold Corporation Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Full Year 2014 and Provides Capital Expenditure Guidance for the Full Year of 2014

Kinross Gold Corporation announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue from metal sales of $911.9 million against $968.0 million a year ago. Operating earnings was $80.2 million against operating loss of $2,283.7 million a year ago. Earnings before taxes were $62.9 million against loss before tax of $2,536.0 million a year ago. Earnings from continuing operations after tax were $45.7 million against loss from continuing operations after tax of $2,482.4 million a year ago. Net earnings were $43.8 million against net loss of $3,203.5 million a year ago. Net earnings from continuing operations attributable to common shareholders was $46.0 million or $0.04 per diluted share against net loss from continuing operations attributable to common shareholders of 2,481.9 million or $2.17 per diluted share million a year ago. Net cash flow of continuing operations provided from operating activities was $163.9 million against $106.4 million a year ago. Additions to property, plant and equipment was $120.0 million $321.0 million a year ago. Adjusted net earnings attributable to common shareholders were $32.9 million against $119.5 million a year ago. Adjusted net earnings per share were $0.03 against $0.10 a year ago. Adjusted operating cash flow was $228.3 million against $256.7 million a year ago. Adjusted operating cash flow per share was $0.20 against $0.22 a year ago. Capital expenditures decreased to $120.0 million for second quarter 2014, compared with $321.0 million for the same period last year, due mainly to lower spending at Tasiast. For the six months, the company reported revenue from metal sales of $1,729.3 million against $2,026.1 million a year ago. Operating earnings was $161.6 million against operating loss of $2,031.0 million a year ago. Earnings before taxes were $125.4 million against loss before tax of $2,299.2 million a year ago. Earnings from continuing operations after tax were $77.1 million against loss from continuing operations after tax of $2,318.4 million a year ago. Net earnings were $73.0 million against net loss of $3,041.4 million a year ago. Net earnings from continuing operations attributable to common shareholders was $77.8 million or $0.07 per diluted share against net loss from continuing operations attributable to common shareholders of 2,319.5 million or $2.03 per diluted share million a year ago. Net cash flow of continuing operations provided from operating activities was $374.4 million against $471.7 million a year ago. Additions to property, plant and equipment was $288.9 million $630.5 million a year ago. Adjusted net earnings attributable to common shareholders were $67.0 million against $291.9 million a year ago. Adjusted net earnings per share were $0.06 against $0.26 a year ago. Adjusted operating cash flow was $467.3 million against $670.4 million a year ago. Adjusted operating cash flow per share was $0.41 against $0.59 a year ago. For the quarter, the company produced total gold equivalent ounces produced of 686,130 compared to 661,636 a year ago. Total gold equivalent ounces sold were 709,606 compared to 695,541 a year ago. Total attributable gold equivalent ounces from continuing operations Produced were 679,831 compared to 655,381 a year ago. Total attributable gold equivalent ounces from continuing operations Sold were 703,234 compared to 689,501 a year ago. For the six months, the company produced total gold equivalent ounces produced of 1,358,310 compared to 1,317,246 a year ago. Total gold equivalent ounces sold were 1,338,243 compared to 1,347,738 a year ago. Total attributable gold equivalent ounces from continuing operations Produced were 1,344,521 compared to 1,304,278 a year ago. Total attributable gold equivalent ounces from continuing operations Sold were 1,324,765 compared to 1,334,753 a year ago. For the year 2014 The company expects to be within its regional production cost of sales guidance and meet its company-wide production cost of sales guidance range of $730 to $780 per gold equivalent ounce and its all-in sustaining costs guidance range of $950 to $1,050 per gold ounce sold in 2014. The Company also expects to meet its 2014 capital expenditures forecast of approximately $675 million. The company expects to be within its 2014 forecast guidance for production of 2.5 to 2.7 million Au eq. oz., production cost of sales $730 to 780 per Au eq. oz. sold, all-in sustaining cost $950 to 1,050 per Au eq. oz. sold.

Kinross Gold Reportedly Looking To Sell Assets

Kinross Gold Corporation (TSX:K) is planning to sell assets. On May 31, 2014, The Financial Post reported quoting unnamed sources as saying that Kinross Gold is in talks to recover part of the investment. The reports further quoted two sources, seeking anonymity, stating that the company is looking for about $300-million from the sale of the project. Kinross spokesman Andrea Mandel-Campbell said on May 9, 2014 that the company was working with the government on an exit process without giving any details of the discussions.

Kinross Gold Corporation Announces Unaudited Consolidated Operating and Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance For the Fiscal Year 2014

Kinross Gold Corporation announced unaudited consolidated operating and earnings results for the first quarter ended March 31, 2014. For the quarter, total gold equivalent ounces produced were 672,180 ounces against 655,610 ounces a year ago. Total gold equivalent ounces sold were 628,637 ounces against 652,197 ounces a year ago. Attributable gold equivalent ounces produced were 664,690 ounces against 648,897 ounces a year ago. Attributable gold equivalent ounces sold were 621,531 ounces against 645,252 ounces a year ago. For the quarter, revenue from metal sales was USD 817.4 million against USD 1,058.1 million a year ago. Operating earnings was USD 81.4 million against USD 252.7 million a year ago. Earnings before tax were USD 62.5 million against USD 236.8 million a year ago. Earnings from continuing operations after tax were USD 31.4 million against USD 164.0 million a year ago. Net earnings were USD 29.2 million against USD 162.1 million a year ago. Net earnings from continuing operations attributable to common shareholders were USD 31.8 million against USD 162.4 million a year ago. Net earnings attributable to common shareholders were USD 29.6 million against USD 160.5 million a year ago. Basic and diluted earnings per share from continuing operations attributable to common shareholders were USD 0.03 against USD 0.14 a year ago. Basic and diluted earnings per share attributable to common shareholders were USD 0.03 against USD 0.14 a year ago. Net cash flow of continuing operations provided from operating activities was USD 210.5 million against USD 365.3 million a year ago. Adjusted operating cash flow was USD 239.0 million, or USD 0.21 per share, compared with USD 413.7 million, or USD 0.36 per share, a year ago. Adjusted net earnings was USD 34.1 million, or USD 0.03 per share, compared with adjusted earnings of USD 172.4 million, or USD 0.15 per share a year ago. Capital expenditures decreased to USD 168.9 million compared with USD 309.5 million for the same period last year, mainly due to lower spending at Tasiast. The company expects to produce approximately 2.5-2.7 million gold equivalent ounces for the year. The company expects to be within its regional production cost of sales guidance and meet its company-wide production cost of sales guidance range of USD 730-USD 780 per gold equivalent ounce and its all-in sustaining costs guidance range of USD 950-USD 1,050 per gold ounce sold in 2014. The company also expects to meet its 2014 capital expenditure forecast of approximately USD 675 million.

 

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Price/Cash Flow 26.0x
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