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Last C$2.95 CAD
Change Today 0.00 / 0.00%
Volume 538.8K
K On Other Exchanges
Symbol
Exchange
Toronto
New York
Frankfurt
As of 3:30 PM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

kinross gold corp (K) Snapshot

Open
C$2.95
Previous Close
C$2.95
Day High
C$2.97
Day Low
C$2.94
52 Week High
06/19/14 - C$4.81
52 Week Low
11/5/14 - C$2.27
Market Cap
3.4B
Average Volume 10 Days
6.5M
EPS TTM
C$-0.28
Shares Outstanding
1.1B
EX-Date
09/19/13
P/E TM
--
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, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. As of December 31, 2014, its proven and probable mineral reserves included 34.4 million ounces of gold, 44.0 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, President and Non-In...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: $560.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $396.1K
Executive Vice President of Corporate Affairs
Total Annual Compensation: $474.1K
Chief Legal Officer and Executive Vice-Presid...
Total Annual Compensation: $586.2K
Compensation as of Fiscal Year 2014.

kinross gold corp (K) Key Developments

Kinross Gold Corporation Announces Amendment to its Articles of Association and its Bylaws

Kinross Gold Corporation announced at the AGM held on May 6, 2015 that shareholders voted in favour of changes to the governance bylaws that increased the quorum requirement for shareholder meetings from 5% to 25%, and eliminated a second, casting vote for the Board Chair. The shareholders also approved amendments to the Articles of the company.

Kinross Gold Corporation Announces Directorate Appointments

Kinross Gold Corporation has appointed two new directors, Ms. Ave G. Lethbridge and Mr. Kelly J. Osborne at the company's AGM held in Toronto on May 6, 2015. Ms. Lethbridge is currently Executive Vice-President and Chief Human Resources and Safety Officer of Toronto Hydro Corporation and serves on the Board of Governors of Georgian College. During her 17 years with Toronto Hydro, she has held various leadership positions in areas encompassing environment, health and safety, corporate social responsibility, labour relations, workforce planning, talent management, succession planning and leadership development. Mr. Osborne has almost 30 years of experience in the mining industry and was most recently President and Chief Executive Officer of Duluth Metals where he also held the position of Chief Operating Officer from 2012 to 2014, and the position of Chief Executive Officer of Twin Metal Minnesota, from 2014 to 2015. Prior to that, he held various leadership positions with Freeport McMoRan Copper &Gold, Indonesia, culminating as Senior Vice-President, Underground Mines.

Kinross Gold Corporation Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production and Earnings Outlook for the Year 2015

Kinross Gold Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company’s metal sales were $781.4 million against $817.4 million a year ago. Operating earnings were $42.5 million against $81.4 million a year ago. Earnings before tax were $17.8 million against $62.5 million a year ago. Loss from continuing operations after tax was $7.5 million against earnings of $31.4 million a year ago. Net loss from continuing operations attributable to common shareholders was $6.7 million against earnings of $31.8 million a year ago. Net loss attributable to common shareholders was $6.7 million against earnings of $29.6 million a year ago. Basic and diluted loss per share from continuing operations attributable to common shareholders were $0.01 against earnings of $0.03 a year ago. Basic and diluted loss per share attributable to common shareholders was $0.01 against earnings of $0.03 a year ago. Net cash flow of continuing operations provided from operating activities was $250.1 million against $210.5 million a year ago. Cash flow provided from operating activities was $278.7 million against $254.8 million a year ago. Additions to property, plant and equipment was $149.5 million against $168.9 million a year ago. Adjusted net earnings attributable to common shareholders were $15.3 million against $34.1 million a year ago. Adjusted net earnings per share were $0.01 against $0.03 a year ago. Capital expenditures were $149.5 million against $168.9 million a year ago. The change in sales was primarily due to a decrease in the metal prices realized, partially offset by an increase in gold equivalent ounces sold. The change in cash flows was primarily due to favourable working capital changes, partially offset by the decrease in metal sales. The change in capex was primarily due to reduced spending at Dvoinoye and Tasiast, partially offset by increased spending at Fort Knox. The increase in cash flows was largely the result of favourable working capital changes, partially offset by the decrease in metal sales. The company also reducing its net debt position to under $1 billion. Total gold equivalent ounces produced were 636,128 ounces against 672,180 ounces a year ago. Attributable gold equivalent ounces produced were 629,360 ounces against 664,690 ounces a year ago. In 2015, Kinross expects to produce approximately 2.4 to 2.6 million gold equivalent ounces from its current operations, lower than the 2014 production of 2.71 million gold equivalent ounces. Total capital expenditures for 2015 are forecast to be approximately $725 million (including estimated capitalized interest of approximately $40 million). Of this amount, sustaining capital expenditures are expected to be approximately $505 million. Exploration expenditures are forecast to be approximately $95 million, none of which is expected to be capitalized. 2015 overhead (general and administrative expenses and business development) is expected to be approximately $205 million. Other operating costs are forecast to be approximately $50 million, including $11 million for care and maintenance costs at La Coipa. The above forecast expenses include approximately $30 million related to expected equity-based compensation. Income tax expenses are expected to be $55 million based on its assumed gold price plus approximately 24% of any profit resulting from higher gold prices. Depreciation, depletion and amortization is forecast to be approximately $330 per gold equivalent ounce.

 

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K

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Valuation K Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 0.6x
Price/Cash Flow 2.9x
TEV/Sales NM Not Meaningful
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