Kinross Gold (KGC) (Seite 58)

[edorado]

Kinross Gold - All You Need To Know About The Q2 2016 Results
Aug. 1.16 | About: Kinross Gold (KGC)

Summary

Kinross Gold released its 2Q'16 results on July 27, 2016. Revenue was $876.4 million, up 12% quarter over quarter. Good quarter overall with gold up 7.4% since 1Q'16.

Kinross indicated that it has resolved the expatriate work permit issue with the Government of Mauritania and expects to resume normal operations in August 2016 at Tasiast.

Good balance sheet and impressive outlook. ...

Kinross Gold (NYSE:KGC)

This article updates my preceding article on Kinross Gold, published on May 13, 2016, about the 1Q'16 results.

KGC 2Q'16 Conference call transcript, click here.

Q2'16 Balance Sheet Information (Seven Quarters)
Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015

Q1 2015
Q4 2014

Production (Attrib.)

in Oz E.
671,267 687,463 623,716 680,679 660,897 629,360 672,051

Revenue

in $ Million
876.4 782.6 706.2 809.4 755.2 781.4 791.3

AISC in

$/Oz
988 963 991 941 1,011 964 1,006

Adjusted operating cash flow

$ Million
187.2 202.6

203.8
206.6 161.4 214.8 197.6

Adjusted operating cash flow

$/share
0.15 0.17 0.18 0.18 0.14 0.19 0.17

Adjusted net earnings

$ Million
(9.8) 1.4 (68.8) (23.9) (13.6) 15.3 (6.0)

Net earnings

$ Million
(25.0) (13.9) (841.9) (52.7) (83.2) (6.7) -

EPS

$/share
(0.02) (0.01) (0.73) (0.05) (0.07) (0.01) (0.01)

Impairment charge + write down inventory

$ Million
- - 674.5 0 24.5 0 1,251.4

Average realized gold price

$
1,266 1,179 1,108 1,122 1,194 1,218 1,201

Total debt
(current and long term)

$ Million
1,983.0 1,981.4 1,981.4 1,974.0 1,987.1 1,986.1 1,998.1

Total liabilities

$ Million
3,995.7 3,898.1 3,802.2 3,806.3 3,891.3 3,933.8 4,059.6
Capital expenditure $ Million 114.0 139.5 160.7 171.3 128.5 149.5 189.4

Cash and cash equivalent

$ Million
968.2 750.4 1,043.9 1,024.8 1,031.4 1,010.5 983.5

G & A in

$ Million
32.4 38.3 51.6 44.2 44.6 39.0 51.2

Finance expense

$ Million
32.3 33.2 26.4 21.9 23.7 24.0 29.4
Shares outstanding in Million 1,244.4 1,244.1 1,146.5 1,146.3 1,146.3 1,145.1 1.145

[mani08]

Läuft!

[WestMc003]

Antwort auf Beitrag Nr.: 52.957.393 von tingeltangelmax am 31.07.16 20:53:18

Würde Kinross kaufen

Hallo tingeltangelmax,

ich selbst würde Kinross bevorzugen. Ich habe beide Aktien, aber von Kinross viel mehr als von Yamana

Laut meiner Liste produziert Kinross ca. 2,6 Mio Unzen Gold dieses Jahr und Yamana ca. 1,3 Mio Unzen.
Kinross fördert praktisch doppelt so viel Gold wie Kinross. Die Marktkapitalisierung ist aber nur etwas höher.
Kinross ist meiner Meinung nach von den ganz großen Minen noch die günstigste. Bis zum alten Hoch ist noch viel Luft.

Wenn Jemand mehr Infos hat oder anderer Meinung ist, bitte gerne schreiben.





Schöne Grüße

West

[tingeltangelmax]

Hallo zusammen,

derzeit überlege ich, mir entweder Yamana Gold oder Kinross Gold zu kaufen. Gibt es hier im Thread vielleicht welche, die sich die selbe Frage stellen/ gestellt haben?Falls ja, würde es mich sehr interessieren, wie ihr euch entschieden habt und warum.

Kurz etwas zu meinen Überlegungen:

Yamana:
- Kanada
- AISC 964$/ oz
- Marktkap. 4,86 Mrd.
- Allzeit Hoch 15,83€
Pro: Dividende (wenn auch minimal)
Contra: operiert viel in Südamerika (Brasilien, Argentinien, Mexiko) --> Risiko?

Kinross:
- Kanada
- AISC 940$/ oz
- Marktkap. 5,86 Mrd.
- Allzeit-Hoch 15,14€
Pro: sinkende Kosten, steigende Produktion (Plan bis 2018)
Contra: ???


Danke für jegliche Meinungen und Anregungen!

Grüße und gute Kurse, tingeltangelmax

[edorado]

Am Freitag Kinross-Aktienkurs in Frankfurt +5,25%!!!
Na geht doch

[edorado]

Kaufempfehlung von BMO Capital Markets nach den Quartalszahlen von Kinross!

Kinross Gold Corp. (KGC) Receives “Buy” Rating from BMO Capital Markets
Posted on July 29, 2016 - US, Investing

Kinross Gold Corp. BMO Capital Markets restated their buy rating on shares of Kinross Gold Corp. (NYSE:KGC) in a research report sent to investors on Thursday morning. They currently have a $6.50 price objective on the mining company’s stock.

[edorado]

Kinross hat eine Anfrage für den Verkauf einer seiner Goldminen in Chile bekommen.
Man ist aber anscheinend noch am Anfang des Verhandlungsstadiums.

UPDATE 1-Kinross gets Maricunga "expressions of interest"-CEO
July 28

Kinross Gold Corp

* Kinross Gold Corp has received unsolicited expressions of interest for its Maricunga gold mine in Chile, says CEO

* "Not in a situation where we need to sell assets", but no decision made on sale, says CEO

* Almost 6.5 million ounces of gold in ground, says CEO

[edorado]

Kinross Gold (KGC) Posts Loss in Q2, Revenues Beat

by Zacks Equity Research Published on July 28, 2016 |

Gold miner Kinross Gold Corporation (KGC - Analyst Report) reported a net loss of $25 million or 2 cents per share for second-quarter 2016, narrower than a net loss of $83.2 million or 7 cents per share in the year-ago quarter. The loss was mainly due to a $69.4 million tax expense.

Adjusted loss (excluding one-time items) was $9.8 million or a penny per share, compared with adjusted loss of $13.6 million or a penny per share recorded in the year-ago quarter. Analysts polled by Zacks were expecting earnings of a penny per share on an average.

Revenues of $876.4 million in the quarter rose around 16% from $755.2 million in the year-ago quarter mainly due to increases in gold equivalent ounces sold and the average realized gold price. Revenues also surpassed the Zacks Consensus Estimate of $862 million.

Operational Performance

Attributable gold production was 671,267 ounces for the quarter, up around 2% year over year. The increase was primarily driven by higher production at Paracatu and the buyout of Bald Mountain and 50% of Round Mountain.

Production cost per gold equivalent ounce rose to $731 in the quarter from $724 in the prior-year quarter, primarily due to higher costs at Tasiast, Chirano, and Fort Knox. Margin per gold equivalent ounce sold was $535 in the second quarter, up 13.8% year over year.

Average realized gold prices rose to $1,266 per ounce in the quarter from $1,194 per ounce a year ago.

Financial Review

Adjusted operating cash flow was $187.2 million, up 16% from $161.4 million in the prior-year quarter. Cash and cash equivalents were $968.2 million as of Jun 30, 2016, down from $1,031.4 million as of Jun 30, 2015.

Long-term debt declined around 12.8% year over year to $1,733.1 million. Capital expenditures fell to $114 million in the quarter from $128.5 million in the prior-year quarter because of reduced spending at Fort Knox and Paracatu.

Development Updates

Kinross has resolved the expatriate work-permit issue with the Government of Mauritania and expects to resume normal operations at Tasiast in Aug 2016.

The company has been evaluating Maricunga's mine plan with reference to capital priorities in its global portfolio. It now anticipates suspension of mining in fourth-quarter 2016 and begin rinsing the residual gold from the heap leach pads, subject to the ongoing regulatory proceedings.

2016 Outlook

For 2016, Kinross has reaffirmed its previously-outlined production guidance. The company expects to produce about 2.7–2.9 million gold equivalent ounces this year. The overall production cost of sales is expected to be in the range of $675–$735 per gold equivalent ounce while all-in sustaining cost (AISC) is estimated to be $890–$990 per gold equivalent ounce.

Kinross now projects its capital expenditure forecast to be below $755 million and is reviewing timing of its capital spend for second-half 2016.

Other operating costs are estimated to be about $95 million, compared with the earlier-stated forecast of $45 million, owing to the temporary suspension of mining at Tasiast and Maricunga during the quarter.

Depreciation, depletion and amortization is anticipated to be about $350 per gold equivalent ounce, compared with the prior forecast of $375 per gold equivalent ounce.


KINROSS GOLD Price, Consensus and EPS Surprise

KINROSS GOLD Price, Consensus and EPS Surprise | KINROSS GOLD Quote

Zacks Rank

Kinross currently carries a Zacks Rank #2 (Buy).

[edorado]

Kinross Gold-Aktie: Quartalszahlen verfehlen Erwartungen wegen höherer Steuerbelastung, aber gesunde Liquidität! - Aktienanalyse

28.07.16 15:57
BofA Merrill Lynch Research

Charlotte (www.aktiencheck.de) - Kinross Gold-Aktienanalyse von Analyst Michael Jalonen von BofA Merrill Lynch Research:

Laut einer aktuellen Aktienanalyse bekräftigt der Aktienanalyst Michael Jalonen von BofA Merrill Lynch Research seine Kaufempfehlung für die Aktien des kanadischen Goldproduzenten Kinross Gold Corp. (ISIN: CA4969024047, WKN: A0DM94, Ticker-Symbol: KIN2, NYSE-Symbol: KGC).

Kinross Gold Corp. habe im abgelaufenen Quartal wegen einer über den Erwartungen liegenden Steuerbelastung einen adjustierten Verlust je Aktie von 0,01 USD erzielt.

Die operative Guidance für das Gesamtjahr sei vom Unternehmen bestätigt worden. Der normale Minen- und Verarbeitungsbetrieb bei Tasiast werde im August wieder aufgenommen.

Kinross Gold bewege sich derzeit unterhalb des für 2016 geplanten Investitionsvolumens. Die Gesamtliquidität des Unternehmens belaufe sich auf gesunde 2,5 Mrd. USD. Als Grund für die weiterhin positive Einschätzung des Titels führt Analyst Michael Jalonen die im Vergleich zur Peer Group niedrigere Kurs/NAV-Multiple der Kinross Gold-Aktie an.

Die Aktienanalysten von BofA Merrill Lynch Research stufen in ihrer Kinross Gold-Aktienanalyse den Titel weiterhin mit "buy" ein und bestätigen das Kursziel von 7,75 USD.

[auro]

Zahlen Q2:

Kinross Reports 2016 Second-Quarter Results / Adjusted Operating Cash Flow Increases by 16% and Attributable Margins by 14%; Maintained Strong Balance Sheet With Robust Cash Position of $968 Million

http://www.finanznachrichten.de/nachrichten-2016-07/38107783…