We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
Kinross Gold Corporation
Materials · Gold
Senior gold miner ($35B mcap) leveraged to spot gold above $2,000/oz with industry-average AISC ~$1,150/oz across a 4-mine portfolio (Tasiast, Paracatu, Round Mountain, Fort Knox). 7B FCF run-rate against $35B mcap.
- Direct gold-price beta with operational leverage: every $100/oz move in spot flows ~$210M to FCF (2.1Moz × $100)
- Tasiast 24k expansion delivered on time/budget - derisks Mauritania jurisdiction overhang
- Great Bear (Ontario) high-grade discovery is a multi-decade reserve replacement story, not yet in NAV consensus
- AISC discipline vs $NEM and $GOLD peers; capex peak passed in 2024
- Balance sheet net debt cleared to near zero; capital return optionality (buyback + dividend)
- Spot gold reversion below $1,800/oz compresses FCF margin to ~$400/oz, halves cash generation
- Mauritania (Tasiast = ~30% production) carries permitting + royalty renegotiation tail risk
- Paracatu grade decline well documented; mine-life extension requires sustained capex
- Sector ETF flows ($GDX, $GDXJ) drive correlated drawdowns regardless of company fundamentals
- No exposure to copper byproduct unlike $NEM, $GOLD - pure gold beta cuts both ways
Each weekday: the scan's ENTER setups with entry, stop and target, every new ticker teardown, and the bubble shifts that move names like this one. Free. Education, not advice.
No spam. One email per day max. Pro adds Telegram trade alerts and higher AI-assistant limits.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.