KGC Earnings Prediction
The chart below shows how KGC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KGC sees a +2.60% change in stock price 10 days leading up to the earnings, and a +1.18% change 10 days following the report. On the earnings day itself, the stock moves by -0.85%. This data can give you a slight idea of what to expect for the next quarter's release.
KGC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.43B
29.90%
17.43%
Gross Margin
39.91%
38.38%
25.58%
Operating Margin
33.07%
61.16%
35.20%
Net Margin
27.26%
175.91%
59.14%
EPS
0.29
222.22%
70.59%
No Data Available
KGC Earnings Analysis
Kinross Gold Corporation Corporation (KGC.N) Earnings Conference Call
Positive
Record Free Cash Flow: In Q3, we generated record quarterly free cash flow of $415 million, an increase of approximately 20% compared to the prior quarter.
Operating Margin Increase: Our operating margins grew by 14% over the prior quarter, compared to a 6% increase in the gold price.
Production Efficiency Achieved: We produced just over 564,000 ounces at a cost of sales of under $1,000 per ounce, demonstrating strong production efficiency.
Free Cash Flow Allocation: For the first nine months, free cash flow was over $900 million, allowing us to allocate excess cash towards debt repayment.
Term Loan Repayment Update: We have repaid $650 million out of the $1 billion term loan, positioning us strongly for further repayments before year-end.
Negative
Earnings Decline Analysis: In Q3, adjusted earnings were $0.24 per share, indicating a decline compared to previous quarters.
Cost of Sales Improvement: Cost of sales was $980 per ounce, improving from $1,029 per ounce in the prior quarter, but still reflecting high operational costs.
Cash Flow Challenges: Operating cash flow was $625 million, which, while an improvement, still indicates challenges in cash generation compared to previous periods.
Free Cash Flow Insights: Free cash flow generated was $415 million, which, despite being an increase, highlights ongoing cash flow pressures.
Debt Repayment Impact: The company repaid $650 million against the $1 billion term loan, indicating significant debt obligations that may impact future financial flexibility.
KGC FAQs
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KGC Earning Call Sentiment
Kinross Gold Corporation (KGC) Q3 2024 Earnings Call Transcript
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00:00
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KGC.N
-3.73%Positive
Kinross Gold's earnings call reveals strong financial performance with improved free cash flow, reduced costs, and enhanced operating margins. Despite some uncertainties in production forecasts and regulatory challenges, the optimistic outlook on production and capital allocation, alongside a solid debt repayment strategy, supports a positive sentiment. The Q&A section indicates management's confidence in maintaining stable production levels, and the company's attractive dividend policy further bolsters investor sentiment. These factors suggest a likely positive stock price movement in the short term.
