Kinross Gold Corp

K: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 8.00	Kbwr	Qjjk

Kinross Gold Earnings: Solid Result on Elevated Gold Prices

Jon Mills

Aug 2, 2024

Elevated gold prices drove a better-than-expected 2024 second-quarter result for no-moat Kinross Gold. Higher prices more than offset sales volumes falling 6%, and unit costs rising 7%. Lower production on lower grades at its Paracatu mine in Brazil was the main reason for the fall in volumes. However, Kinross remains on track to meet our unchanged forecast for sales volumes of around 2.05 million gold equivalent ounces, or GEO, in 2024.

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