Kinross Gold provides the record for 2024, Kinross Gold (NYSE: KGC) is reaffirming (NYSE: KGC)

Kinross Gold Kgc The year 2024 was strong, as it achieved a record -free cash flow, improved margins, and stable production through its global operations. A free cash flow of $ 1.3 billion has multiplied more than twice the previous year, while the company also reduced its debts.

“2024 represented another excellent year for Kinross, and, once again, we again brought production and cost guidelines. We have delivered the record -free cash flow, we clogged $ 800 million of debt, and our margins grew by 37 %, which led to a superiority of the rise in the rise in Gold largely the price, “CEO Paul Rolinson He said In advertising.

Kinross 2.13 million ounces of gold equation (GEO) produced in 2024, similar to 2.15 million produced in 2023. The last quarter production has slowed from 501,209 GEOS compared to Q4 2023 543,513 GEOS due to the planned low grades, but prices Top gold compensation for output.

The company’s revenues for the entire year increased to $ 5.15 billion, an increase of 21 % from $ 4.24 billion in 2023, driven primarily with an average of a achieved gold price of $ 2,393 an ounce, compared to $ 1945 an ounce in the previous year. In the fourth quarter, the average price of gold achieved $ 2663 per ounce, which is much higher than 1974 dollars in the same period in 2023.

Of course, this higher gold price enhances margins. The entire margins of each Geo rose to $ 1,373 from $ 1,003 in 2023, while the margins rose in the fourth quarter to $ 1565 per geo. Consequently, net profits increased to $ 948.8 million, or $ 0.77 per share – a significant increase from $ 2023 at a value of $ 416.3 million or $ 0.34 per share.

The company reaffirmed its commitment to the value of the shareholders, announcing the distribution of a quarterly profit of $ 0.03 per share due on March 20, 2025. In addition, the company intends to re -return the shares re -purchase program later in the year, pending the renewal of the source of the usual session with the Toronto Stock Exchange .

Regarding individual operations, and Tasia The mine in Mauritania handed over 622,394 Geo, benefiting from increased productivity after completing TasIST 24K project.

Baracko It maintained a strong production, with more than 500,000 ounces that are produced for the seventh year in a row. At the same time, Fort Nox It witnessed a significant increase in annual production after the first gold of Mnah distorted project.

No KibaS production decreased due to the decrease in silver degrees, but productivity improvements helped compensate for some effect. Bald mountainThe transfer of resources added nearly a million ounces to reserves, which prompted the company to enhance mining in Ridberd Deposit.

Kinross continues to rise Great The project in Canada, dealing with permits and engineering work in Lobo-Marte In Chile, the expansion of drilling in Mountain tour of the tenth stage.

The administration confirmed the stable direction, the production of about two million GEOS annually for the year 2025, 2026 and 2027, with a focus on controlling costs, capitalist discipline, and maintaining financial strength.

Price work: KGC shares were traded by 3.95 % to $ 11.67 before marketing at the last check on Thursday.

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