KGC

MKT CAP:$39B

Kinross Gold Corporation

Market Cap

$39B

Basic Materials·Gold·🇨🇦 Canada·NYSE

Materials·Gold·🇨🇦·NYSE

Stock Price

$32.72+$4.42 (+15.62%)

Apr 24, 2026

Company Details

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also...

CEO

J. Paul Rollinson

IPO Date

Mar 17, 1981

Website

www.kinross.com

Key Metrics TTM

Revenue

$6.3B

+59.0% YoY

Net Income

$2.0B

EPS (Diluted)

$1.61

Free Cash Flow

$2.1B

Revenue / Share

$5.25

Gross Margin

45.1%

Operating Margin

39.2%

Net Margin

30.9%

FCF Margin

32.8%

P/S

6.2x

P/E

20.1x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Mar 26, 2026

$7.2BEPS $1.99

Q4 2025

Feb 18, 2026

$2.1BEPS $0.76

Q3 2025

Nov 4, 2025

$1.8B+24.4%EPS $0.47

Q3 2024

Nov 5, 2024

$1.4BEPS $0.29

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$897M	$260M	$178M
Q1 19	$786M	$210M	$115M
Q3 19	$877M	$260M	$163M
Q4 19	$996M	$647M	$569M
Q1 20	$880M	$265M	$193M
Q2 20	$1.0B	$417M	$321M
Q3 20	$1.1B	$487M	$393M
Q1 21	$769M	$235M	$144M
Q3 22	$857M	$206M	$111M
Q1 23	$929M	$234M	$144M
Q2 23	$1.1B	$355M	$238M
Q4 23	$1.1B	$253M	$194M
Q1 24	$1.1B	$298M	$193M
Q3 24	$1.4B	$646M	$548M
Q3 25	$1.8B	$845M	$763M
Q4 25	$2.1B	$1.1B	$985M

Valuation

Quarter	P/S	P/E
Q1 18	—	—
Q1 19	1.3x	9.3x
Q3 19	1.7x	12.8x
Q4 19	1.7x	7.9x
Q1 20	1.4x	6.6x
Q2 20	2.3x	9.8x
Q3 20	2.8x	10.3x
Q1 21	2.2x	11.9x
Q3 22	1.2x	7.0x
Q1 23	1.6x	10.7x
Q2 23	1.6x	13.0x
Q4 23	1.7x	18.8x
Q1 24	1.8x	18.3x
Q3 24	2.4x	17.0x
Q3 25	5.5x	27.0x
Q4 25	5.4x	17.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	$294M	$47M
Q1 19	$252M	$8M
Q3 19	$232M	-$11M
Q4 19	$409M	$110M
Q1 20	$300M	$108M
Q2 20	$433M	$219M
Q3 20	$544M	$332M
Q1 21	$280M	$88M
Q3 22	$172M	-$26M
Q1 23	$259M	$38M
Q2 23	$529M	$247M
Q4 23	$411M	$100M
Q1 24	$374M	$133M
Q3 24	$734M	$455M
Q3 25	$981M	$675M
Q4 25	$1.2B	$819M

Capital Expenditures

Quarter	CapEx
Q1 18	$247M
Q1 19	$244M
Q3 19	$243M
Q4 19	$298M
Q1 20	$191M
Q2 20	$214M
Q3 20	$212M
Q1 21	$192M
Q3 22	$197M
Q1 23	$221M
Q2 23	$282M
Q4 23	$311M
Q1 24	$242M
Q3 24	$279M
Q3 25	$306M
Q4 25	$384M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+5.9%	-4.5%
Q4 19	+22.9%	-39.6%
Q1 20	-1.9%	-4.5%
Q2 20	+28.1%	+2.3%
Q3 20	+29.0%	+3.3%
Q1 21	-22.8%	+46.1%
Q3 22	-2.6%	+8.4%
Q1 23	-7.7%	+14.5%
Q2 23	-3.4%	+15.8%
Q4 23	+45.1%	+47.7%
Q1 24	+26.3%	+19.2%
Q3 24	+54.1%	+12.6%
Q3 25	+63.2%	+19.3%
Q4 25	+84.1%	+15.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$4M	0.4%
Q1 19	$5M	0.6%
Q3 19	$3M	0.4%
Q4 19	$3M	0.3%
Q1 20	$5M	0.5%
Q2 20	$3M	0.3%
Q3 20	$3M	0.3%
Q1 21	$4M	0.5%
Q3 22	$1M	0.2%
Q1 23	$0	0.0%
Q2 23	$2M	0.2%
Q4 23	$2M	0.2%
Q1 24	$0	0.0%
Q3 24	$1M	0.1%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 18	$36M	—
Q1 19	$43M	—
Q3 19	$32M	—
Q4 19	$31M	—
Q1 20	$32M	—
Q2 20	$25M	—
Q3 20	$25M	—
Q1 21	$31M	—
Q3 22	$40M	—
Q1 23	$24M	—
Q2 23	$32M	—
Q4 23	$27M	—
Q1 24	$35M	—
Q3 24	$27M	—
Q3 25	—	$57M
Q4 25	—	$69M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$466M	$0	$466M
Q2 22	$727M	$0	$727M
Q3 22	$493M	$0	$493M
Q4 22	$428M	$0	$428M
Q1 23	$482M	$0	$482M
Q2 23	$486M	$0	$486M
Q3 23	$472M	$0	$472M
Q4 23	$360M	$0	$360M
Q1 24	$417M	$0	$417M
Q2 24	$489M	$0	$489M
Q3 24	$483M	$0	$483M
Q4 24	$621M	$0	$621M
Q1 25	$707M	$0	$707M
Q2 25	$1.2B	$0	$1.2B
Q3 25	$1.7B	$0	$1.7B
Q4 25	$1.8B	$0	$1.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	1.26B	-0.0%	—
Q1 19	1.26B	+0.1%	—
Q3 19	1.26B	+0.4%	+0.5%
Q4 19	1.25B	-0.8%	-0.4%
Q1 20	1.27B	+0.9%	+0.6%
Q2 20	1.27B	+0.3%	+0.7%
Q3 20	1.27B	+0.0%	+0.4%
Q1 21	1.27B	-0.1%	+1.2%
Q3 22	1.31B	+3.5%	+3.7%
Q1 23	1.24B	-5.8%	-2.5%
Q2 23	1.24B	+0.1%	-2.4%
Q4 23	1.24B	-0.3%	-2.6%
Q1 24	1.24B	+0.3%	-5.6%
Q3 24	1.23B	-0.4%	-0.2%
Q3 25	1.22B	-1.2%	-1.5%
Q4 25	1.21B	-0.9%	-2.1%

Shares Outstanding