Sector: Gold mining
Geography: Canada, USA, Brazil, Chile
COMM_KGC
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/KGC
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 2407.7 y/y 60.8% | 1326.3 y/y 137.8% | 275.7 y/y -4.4% | 1602.0 y/y 89.3% | 843.0 y/y 129.1% | 1139.5 | -283.2 | 12883.8 y/y 17.6% | 9098.3 y/y 26.3% | 38.2% | -1446.5 | Link |
| 2025-12-31 | Q4 2025 (3M) | PARTIAL | 2023.0 y/y 43.5% | 1110.7 y/y 112.6% | 268.3 y/y 7.3% | 1379.0 y/y 78.5% | 906.5 y/y 232.4% | 1146.9 | -368.2 | 12411.1 y/y 14.3% | 8576.0 y/y 25.1% | 29.9% | -1004.1 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 1782.1 y/y 23.5% | 762.6 y/y 39.2% | 294.7 y/y -4.6% | 1057.3 y/y 23.4% | 578.4 y/y 61.5% | 981.2 | -306.3 | 12118.2 y/y 12.6% | 7949.1 y/y 19.6% | 9.9% | -476.9 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 1728.5 y/y 41.8% | 774.8 y/y 169.1% | 262.9 y/y -14.1% | 1037.7 y/y 74.7% | 530.7 y/y 151.6% | 992.4 | -306.1 | 11488.9 y/y 8.0% | 7570.5 y/y 19.8% | 28.7% | 87.4 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 1497.5 y/y 39.1% | 557.8 y/y 206.2% | 288.4 y/y 3.1% | 846.2 y/y 83.2% | 368.0 y/y 243.9% | 607.1 | -207.7 | 10953.9 y/y 3.9% | 7202.3 y/y 17.2% | 20.9% | 541.3 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 1409.4 y/y 26.3% | 522.5 y/y 170.0% | 250.1 y/y -7.9% | 772.6 y/y 66.1% | 272.7 y/y 318.3% | 835.6 | -280.7 | 10859.1 y/y 3.5% | 6857.5 y/y 13.3% | 14.1% | 817.9 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 1443.5 y/y 30.9% | 547.7 y/y 142.1% | 308.9 y/y 17.0% | 856.6 y/y 74.8% | 358.2 y/y 226.5% | 692.0 | -279.3 | 10758.4 y/y 1.6% | 6645.9 y/y 9.7% | 7.4% | 775.2 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 1219.2 y/y 11.6% | 287.9 y/y 21.1% | 306.0 y/y 27.9% | 594.0 y/y 24.5% | 210.9 y/y 39.7% | 599.2 | -293.4 | 10637.6 y/y 0.9% | 6319.2 y/y 5.4% | 13.5% | 1559.7 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 1076.7 y/y 15.9% | 182.2 y/y 26.6% | 279.6 y/y 23.9% | 461.8 y/y 25.0% | 107.0 y/y 18.6% | 319.6 | -243.9 | 10542.0 y/y 0.4% | 6145.6 y/y 4.4% | 7.0% | 1814.2 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 1115.7 y/y — | 193.5 y/y — | 271.7 y/y — | 465.2 y/y — | 65.2 y/y — | 410.9 | -311.3 | 10489.4 y/y — | 6052.6 y/y — | 6.9% | 1870.9 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 1102.4 y/y — | 226.2 y/y — | 263.9 y/y — | 490.1 y/y — | 109.7 y/y — | 406.8 | -326.9 | 10593.1 y/y — | 6060.4 y/y — | 2.4% | 1983.9 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 1092.3 y/y — | 237.8 y/y — | 239.3 y/y — | 477.1 y/y — | 151.0 y/y — | 528.6 | -290.4 | 10546.7 y/y — | 5997.8 y/y — | 10.2% | 2034.0 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 929.3 y/y — | 143.9 y/y — | 225.7 y/y — | 369.6 y/y — | 90.2 y/y — | 259.0 | -259.5 | 10500.4 y/y — | 5887.0 y/y — | — | 2247.2 | Link |
| Long-term debt (incl. LT leases) | 738 |
| − Cash & equivalents | 2 185 |
| Net debt | -1 446 |
|---|
Net debt / LTM EBITDA: -0.3x
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Gold
| Year | Reserves, mln gold eq. ounces |
|---|---|
| 2025 | 21.16 |
| 2023 | 23.08 |
| 2022 | 26.33 |
| Year | Production, mln GEOs | per day |
|---|---|---|
| 2023 | 3.76 | 10 300 |
| 2022 | 1.99 * (12M) | 5 454 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Current 4 042spot vs LTM -5%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -23.6% ▼ -0.5 pp 1d
Main driver: Gold -5% vs LTM; revenue ×0.95 vs costs ×1.08; EBITDA 5 086→3 732; at 5.7× EV/EBITDA → -24%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | vs LTM, BRL | 3y vs LTM |
|---|---|---|---|---|---|---|---|
| Gold (rev) | +100% | 4 042.15 | 4 246.02 | 3 199.38 | -5% | -11% | -25% |
| US Diesel Index (EIA) (cost) | -15% | 5.13 | 4.22 | 4.11 | +22% | +14% | -3% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 7 941 |
| LTM EBITDA | 5 086 |
| LTM cash costs (revenue − EBITDA) | 2 855 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×0.952 (-5%) |
| = Spot revenue | 7 560 |
| Revenue multiplier — 3y price | ×0.753 (-25%) |
| = 3-year-price revenue | 5 984 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.083 (+8%) |
| = Spot cash costs | 3 092 |
| Cost multiplier — 3y price | ×1.046 (+5%) |
| = 3-year-price cash costs | 2 988 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 4 468 |
| = 3-year-price EBITDA | 2 996 |
| Conservative EBITDA = min(spot, avg) | 3 732 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 5.7x |
| Target EV = EV/EBITDA × conservative EBITDA | 21 084 |
| Net debt | -1 004 |
| Target market cap = EV − net debt | 23 065 |
| Current market cap | 30 185 |
Upside = target market cap ÷ current − 1 = -23.6%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q2 | 1 092 | 989 | +10.4% | 477 | 508 | -6.1% |
| 2023 Q3 | 1 102 | 1 023 | +7.8% | 490 | 532 | -7.9% |
| 2023 Q4 | 1 116 | 1 089 | +2.5% | 465 | 578 | -19.5% |
| 2024 Q1 | 1 077 | 1 133 | -5.0% | 462 | 515 | -10.3% |
| 2024 Q2 | 1 219 | 1 286 | -5.2% | 594 | 658 | -9.7% |
| 2024 Q3 | 1 444 | 1 345 | +7.3% | 851 | 718 | +18.6% |
| 2024 Q4 | 1 409 | 1 455 | -3.1% | 773 | 839 | -7.9% |
| 2025 Q1 | 1 498 | 1 536 | -2.5% | 837 | 910 | -8.0% |
| 2025 Q2 | 1 728 | 1 770 | -2.4% | 1 038 | 1 117 | -7.1% |
| 2025 Q3 | 1 782 | 1 864 | -4.4% | 1 057 | 1 181 | -10.5% |
| 2025 Q4 | 2 023 | 2 173 | -6.9% | 1 387 | 1 460 | -5.0% |
| 2026 Q1 | 2 408 | 2 475 | -2.7% | 1 604 | 1 760 | -8.8% |
Projected EV/EBITDA 4.2x · target 75th pct (3y) 5.7x · LTM avg 7.0x
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Kinross Gold (KGC) — from primary filings.
Kinross Gold Corporation is a mining company that acquires, explores, and develops gold properties, and extracts and processes gold-containing ores, also producing silver as a byproduct.