AllAnalyst Report
logoMorningstarMarch 18, 2024

Kinross Gold Corporation: Mined Commodities Are Essential to the Economy, but Moats Are Rare

Symbols
KGC
Sector(s)
Basic Materials
Rating
Current Price
$6.74
Fair Value
Economic Moat
Stewardship
Summary

Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchase

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