Kinross Gold Q3 Earnings Surpass Estimates as Gold Prices Rise Y/Y
Kinross Gold Corporation KGC reported a profit of $584.9 million or 48 cents per share in third-quarter 2025. The figure increased from a profit of $355.3 million or 29 cents per share recorded in the year-ago quarter.KGC reported adjusted earnings of 44 cents per share, up from the prior-year quarter’s figure of 24 cents. The bottom line beat the Zacks Consensus Estimate of 39 cents.Revenues rose roughly 25.8% year over year to $1,802.1 million in the third quarter. The figure beat the Zacks Consensus Estimate of $1,530.4 million. The rise is attributed to a higher average realized gold price.Kinross Gold Corporation Price, Consensus and EPS Surprise Kinross Gold Corporation price-consensus-eps-surprise-chart | Kinross Gold Corporation QuoteKGC’s Operational PerformanceThe company produced (attributable) 503,862 gold equivalent ounces in the reported quarter, down 10.7% year over year, due to reduced production at Tasiast and Fort Knox. Consolidated production was 520,301 ounces. The figure beat our estimate of 476,618 gold equivalent ounces.Average realized gold prices were $3,460 per ounce in the quarter, up 39.7% from the year-ago quarter’s tally. The figure beat our estimate of $3,230 per ounce.The production cost of sales per gold equivalent ounce was $1,145, up 16.8% from the prior-year quarter’s levels. This was below our estimate of $1,182. All-in-sustaining cost per gold equivalent ounce sold rose nearly 20.2% year over year to $1,622. This was above our estimate of $1,515.Margin per gold equivalent ounce sold was $2,310 in the quarter, up from the prior-year quarter’s $1,501.KGC’s FinancialsCash and cash equivalents were $1,721.7 million at the end of the quarter, up around 264% year over year. Long-term debt was $1,236.9 million at the end of the quarter, flat year over year.KGC’s OutlookKinross expects to produce slightly above the midpoint of 2 million gold equivalent ounces (+/- 5%) on an attributable basis, with a production cost of sales per gold equivalent ounces of $1,120 (+/- 5%) and an all-in sustaining (“AISC”) cost of $1,500 (+/- 5%) per ounce sold. The company is tracking toward the top end of its ASIC guidance. Total attributable capital expenditures are estimated to be $1,150 million (+/- 5%).The fourth-quarter production is expected to be slightly lower than 500,000 Au eq. oz. The annual production is estimated to remain stable at 2 million attributable Au eq. oz. (+/- 5%) in 2026 and 2027.KGC’s Price PerformanceKinross’ shares have surged 130.3% in the past year compared with an 83.1% rise in the industry.Image Source: Zacks Investment ResearchKGC’s Zacks Rank & Other Key PicksKGC currently carries a Zacks Rank #1 (Strong Buy).Other top-ranked stocks worth a look in the basic materials space are AngloGold Ashanti plc AU, Avino Silver & Gold Mines Ltd. ASM and Integra Resources Corp. ITRG.AngloGold is scheduled to report third-quarter results on Nov. 11. The Zacks Consensus Estimate for AU’s third-quarter earnings and revenues is pegged at $1.34 per share and $2.35 billion, respectively. AU currently flaunts a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Avino Silver is slated to report third-quarter results on Nov. 6. The Zacks Consensus Estimate for third-quarter earnings is pegged at 3 cents per share. ASM’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 141.67%. Avino Silver carries a Zacks Rank #2 (Buy) at present.Integra Resources is scheduled to report third-quarter results on Nov. 12. ITRG’s earnings estimate for the third quarter is pegged at 13 cents per share. Integra Resources carries a Zacks Rank #2 at present. Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC): Free Stock Analysis Report AngloGold Ashanti PLC (AU): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis Report Integra Resources Corp. (ITRG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
Quelle: Zacks
