Last €2.95 EUR
Change Today -0.039 / -1.30%
Volume 10.7K
As of 10:12 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

kinross gold corp (KIN2) Snapshot

Open
€3.00
Previous Close
€2.99
Day High
€3.00
Day Low
€2.94
52 Week High
06/4/13 - €5.09
52 Week Low
04/15/14 - €2.91
Market Cap
3.4B
Average Volume 10 Days
27.6K
EPS TTM
--
Shares Outstanding
1.1B
EX-Date
09/19/13
P/E TM
--
Dividend
--
Dividend Yield
2.11%
Current Stock Chart for KINROSS GOLD CORP (KIN2)

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kinross gold corp (KIN2) 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 (KIN2) 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 (KIN2) Key Developments

Kinross Files Updated Technical Reports for Tasiast and Paracatu

Kinross Gold Corporation filed an updated technical report for its Tasiast mine in Mauritania. The technical report incorporates updates with respect to the current Tasiast operations as well as comprehensive detailed supplemental disclosure regarding the recently announced feasibility study results for a Tasiast expansion and a resulting updated mineral resource and mineral reserve estimate. The current operations at Tasiast described in the technical report include the existing mine and processing facilities, including a carbon-in-leach CIL plant, dump leach facility, and Adsorption, Desorption and Refining (ADR) plant. The Tasiast expansion scenario contemplates operations based on a processing capacity of 38,000 tonnes per day consisting of a new CIL plant with a primary crusher and SAG mill, and dump leach facilities eventually being phased out but remaining available for lower grade ore if it becomes economically viable.

Kinross Gold Corporation Releases Tasiast Expansion Feasibility Study

Kinross Gold Corporation announced the results of the feasibility study for its Tasiast expansion project. The study, based on an optimal mill size of 38,000 tonnes per day (t/d), produced promising results that indicate the potential to significantly increase cash flow per share, enhance the Company's production profile, and lower costs. Key highlights of the feasibility study, based on a $1,350 per ounce gold price assumption, include the following estimates: First five years (2018-2022): Average annual production of 848,000 gold ounces; All-in cost of $792 per ounce1; Cash costs of $501 per ounce; $2.2 billion in free cash flow. 3.1 million ounce increase in estimated mineral reserves to 9.6 million ounces. Initial capital expenditure of approximately $1.6 billion - compared with pre-feasibility estimate of $2.7 billion. Internal rate of return (IRR) of approximately 17%, based on an expanded operation. The feasibility study is based on replacing the existing 8,000 t/d mill at Tasiast with a new 38,000 t/d mill using heavy fuel oil for power generation at site. The new mill would consist of a primary crusher, SAG and ball mill grinding circuit, and a conventional carbon-in-leach (CIL) circuit. Existing dump leach facilities would be phased out in 2019 but could be available for lower grade ore in the future if it becomes economically viable, or if new ore is discovered in near-mine deposits. The new mill would have an average expected production of approximately 848,000 gold ounces a year for the first five years, with a forecast cumulative production of nine million ounces to 2029. Total cash costs are estimated to average $501 per ounce for the first five years of production and $616 per ounce over life of mine (LOM), with forecast all-in costs of $792 per ounce for the first five years of production (including construction of a sea water pipeline) and $878 per ounce for LOM. Overall CIL grades are expected to average 2.09 g/t for the first five years of production and 1.76 g/t over LOM. The mine pit design developed in the study increases the current Tasiast mineral reserve estimate by 3.1 million ounces, or nearly 50%, to 9.6 million ounces. With a projected initial capital cost of approximately $1.6 billion, including $182 million in contingency, and an expected 2018 start-up date, the project is forecast to pay back in late 2020. At an assumed gold price of $1,350 per ounce, the project has an estimated IRR of 17% and NPV of $1.2 billion (after tax and unlevered). According to the study, the project is expected to take three years to complete based on a 2015 construction start date and is expected to generate $2.5 billion in free cash flow over LOM.

Kinross Gold Corporation - Special Call

To discuss results from its feasibility study for a Tasiast expansion

 

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Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.4x
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