Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
KGC presents a compelling investment case with a strong project pipeline, solid financial health, rising earnings estimates and a healthy growth trajectory.
CALGARY, AB / ACCESSWIRE / November 19, 2024 / Kestrel Gold Inc. ("Kestrel" or the "Corporation")(TSXV:KGC) is pleased to provide an update on work completed by Centerra Gold Inc. ("Centerra")(TSX:CG) on the QCM gold property ("QCM") located in the Manson-Germanson area of central British Columbia. Centerra is currently in the process of earning a 75% interest in QCM by making cash payments totaling $900,000 and completing $6,500,000 in exploration work, which must include a minimum of 13,500 metres of drilling, by May 7th, 2029.
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Here is how Kinross Gold (KGC) and Rayonier Advanced Materials (RYAM) have performed compared to their sector so far this year.
The upside of KGC's Q3 revenues is attributable to an increase in average realized gold prices.
PBI, KGC and MRX made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 11, 2024.
PBI, KGC and WWW made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 11, 2024.
Kinross reported a solid Q3-24 with record free cash flow, despite lower production at three of its highest-margin operations. Meanwhile, AISC margins soared 1,270 basis points year-over-year to 45.5%, benefiting from high-grade feed from its new 70% owned Manh Choh Mine. However, while 2024 has been a banner year, it's quite possible Kinross could see lower free cash flow looking ahead to 2025 with a dip in production at higher costs.
Kinross Gold Corporation (KGC) Q3 2024 Earnings Call Transcript
Kinross Gold (KGC) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.12 per share a year ago.
The impact of higher gold prices is expected to reflect on KGC's results in the third quarter.