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Kinross Gold Corporation

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Total Revenue 2.0B 1.8B 1.7B 1.5B 1.4B 1.4B --
Operating Revenue 2.0B 1.8B 1.7B 1.5B 1.4B 1.4B --
Cost Of Revenue 784.9M 884.0M 831.3M 835.1M 868.6M 786.4M --
Gross Profit 1.2B 918.1M 897.2M 662.4M 547.2M 645.6M --
Selling General And Administration 43.4M 31.2M 29.6M 35.7M 31.9M 27.2M --
General And Administrative Expense 43.4M 31.2M 29.6M 35.7M 31.9M 27.2M --
Other Operating Expenses 84.0M 89.4M 105.5M 68.9M 24.4M 80.9M --
Operating Expense 127.4M 120.6M 135.1M 104.6M 56.3M 108.1M --
Operating Income 1.1B 797.5M 762.1M 557.8M 490.9M 537.5M --
EBIT 1.1B 859.5M 749.7M 548.8M 508.9M 537.8M --
Interest Expense 20.9M 18.1M 20.2M 22.6M 14.4M 13.3M --
Interest Expense Non Operating 20.9M 18.1M 20.2M 22.6M 14.4M 13.3M --
Interest Income 16.2M 45.2M 7.4M 4.2M 3.5M 6.3M --
Interest Income Non Operating 16.2M 45.2M 7.4M 4.2M 3.5M 6.3M --
Net Interest Income -4.7M 27.1M -12.8M -18.4M -10.9M -7.0M --
Other Income Expense -8.4M 16.8M -19.8M -13.2M 14.5M -6.0M --
Other Non Operating Income Expenses -8.4M 16.8M -19.8M -13.2M 14.5M -6.0M --
Pretax Income 1.1B 841.4M 729.5M 526.2M 494.5M 524.5M --
Tax Provision 184.7M 232.3M 170.9M 136.8M 206.3M 134.2M --
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00 0.00 --
Net Income From Continuing And Discontinued Operation 906.5M 584.9M 530.7M 368.0M 275.6M 355.3M --
Net Income From Continuing Operation Net Minority Interest 906.5M 584.9M 530.7M 368.0M 275.6M 355.3M --
Net Income Including Noncontrolling Interests 912.9M 609.1M 558.6M 389.4M 288.2M 390.3M --
Minority Interests -6.4M -24.2M -27.9M -21.4M -12.6M -35.0M --
Net Income Common Stockholders 906.5M 584.9M 530.7M 368.0M 275.6M 355.3M --
Net Income 906.5M 584.9M 530.7M 368.0M 275.6M 355.3M --
EBITDA 1.4B 1.1B 1.0B 837.2M 793.7M 834.0M --
Normalized EBITDA 1.4B 1.1B 1.0B 837.2M 793.7M 834.0M --
Reconciled Depreciation 268.3M 285.4M 262.9M 288.4M 284.8M 296.2M --
Basic EPS -- -- 0.43 0.30 -- 0.29 0.17
Diluted EPS -- -- 0.43 0.30 -- 0.29 0.17
Basic Average Shares -- -- 1.2B 1.2B -- 1.2B 1.2B
Diluted Average Shares -- -- 1.2B 1.2B -- 1.2B 1.2B
Tax Rate For Calcs 0.17 0.28 0.23 0.26 0.15 0.26 --
Normalized Income 906.5M 584.9M 530.7M 368.0M 275.6M 355.3M --
Diluted NI Availto Com Stockholders 906.5M 584.9M 530.7M 368.0M 275.6M 355.3M --
Net Income Continuous Operations 912.9M 609.1M 558.6M 389.4M 288.2M 390.3M --
Net Non Operating Interest Income Expense -4.7M 27.1M -12.8M -18.4M -10.9M -7.0M --
Other Gand A 43.4M 31.2M 26.2M 35.7M 31.9M 27.2M --
Reconciled Cost Of Revenue 784.9M 884.0M 831.3M 835.1M 868.6M 786.4M --
Salaries And Wages -- -- 3.4M -- -- -- 3.2M
Total Expenses 912.3M 1.0B 966.4M 939.7M 924.9M 894.5M --
Total Operating Income As Reported 1.1B 810.1M 774.8M 570.4M 501.1M 547.7M --
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Cash And Cash Equivalents 1.7B 1.7B 1.1B 694.6M 611.5M 472.8M --
Cash Cash Equivalents And Short Term Investments 1.7B 1.7B 1.1B 694.6M 611.5M 472.8M --
Cash Equivalents 855.4M -- -- -- 329.9M 205.9M 254.0M
Cash Financial 886.8M -- -- -- 281.6M 266.9M 226.0M
Receivables 84.2M 75.9M 95.3M 101.1M 97.2M 126.1M --
Inventory 1.4B 1.4B 1.3B 1.3B 1.2B 1.2B --
Prepaid Assets 61.6M 78.1M 44.6M 46.3M 60.1M 72.6M --
Other Current Assets 16.6M 101.6M 14.8M 17.5M 4.5M -- --
Current Assets 3.3B 3.4B 2.7B 2.2B 2.1B 2.0B --
Gross PPE 23.0B -- -- -- 21.7B 21.5B 21.1B
Accumulated Depreciation -14.7B -- -- -- -13.7B -13.5B -13.2B
Net PPE 8.3B 8.0B 8.0B 7.9B 8.0B 8.0B --
Investments And Advances 148.9M 106.8M 115.6M 90.1M 65.6M 75.6M --
Long Term Equity Investment 49.6M 35.7M 26.0M 23.6M 13.7M 10.9M --
Other Non Current Assets 503.7M 442.1M 494.3M 568.5M 577.3M 601.7M --
Total Non Current Assets 9.1B 8.7B 8.7B 8.7B 8.7B 8.7B --
Total Assets 12.4B 12.1B 11.5B 11.0B 10.9B 10.8B --
Current Debt And Capital Lease Obligation -- -- -- -- 199.9M 449.7M 799.5M
Accounts Payable 129.6M 700.4M 611.3M 529.5M 83.9M 114.8M --
Payables 725.3M 1.1B 897.2M 722.6M 320.6M 320.6M --
Payables And Accrued Expenses 1.3B 1.1B 897.2M 722.6M 779.7M 604.0M --
Current Accrued Expenses 586.8M -- -- -- 459.1M 283.4M 306.3M
Other Current Liabilities 13.3M 12.8M 9.5M 11.3M 18.0M 7.9M --
Current Liabilities 1.4B 1.2B 966.7M 793.3M 1.1B 1.3B --
Long Term Debt 738.2M 1.2B 1.2B 1.2B 1.2B 1.2B --
Long Term Debt And Capital Lease Obligation 738.2M 1.2B 1.2B 1.2B 1.2B 1.2B --
Long Term Capital Lease Obligation -- -- -- -- -- 15.0M 15.4M
Other Non Current Liabilities 64.8M 55.6M 56.3M 78.6M 78.9M 93.8M --
Total Non Current Liabilities Net Minority Interest 2.3B 2.8B 2.8B 2.8B 2.8B 2.7B --
Total Liabilities Net Minority Interest 3.7B 4.0B 3.8B 3.6B 3.9B 4.0B --
Common Stock 4.4B 4.4B 4.5B 4.5B 4.5B 4.5B --
Capital Stock 4.4B 4.4B 4.5B 4.5B 4.5B 4.5B --
Additional Paid In Capital 10.1B 10.4B 10.5B 10.6B 10.6B 10.6B --
Retained Earnings -5.9B -6.8B -7.4B -7.9B -8.2B -8.4B --
Gains Losses Not Affecting Retained Earnings -300,000 -24.0M -44.8M -72.5M -87.4M -62.3M --
Other Equity Adjustments -300,000 -24.0M -44.8M -72.5M -87.4M -62.3M --
Common Stock Equity 8.6B 8.0B 7.6B 7.2B 6.9B 6.6B --
Stockholders Equity 8.6B 8.0B 7.6B 7.2B 6.9B 6.6B --
Total Equity Gross Minority Interest 8.7B 8.1B 7.7B 7.3B 7.0B 6.8B --
Minority Interest 118.1M 126.0M 134.3M 136.4M 139.0M 146.9M --
Total Capitalization 9.3B 9.2B 8.8B 8.4B 8.1B 7.9B --
Net Tangible Assets 8.6B 8.0B 7.6B 7.2B 6.9B 6.6B --
Tangible Book Value 8.6B 8.0B 7.6B 7.2B 6.9B 6.6B --
Working Capital 1.9B 2.2B 1.8B 1.4B 1.1B 767.5M --
Invested Capital 9.3B 9.2B 8.8B 8.4B 8.1B 7.9B --
Total Debt 738.2M 1.2B 1.2B 1.2B 1.4B 1.7B --
Net Debt -- -- 99.9M 541.3M 624.0M 762.2M 754.5M
Share Issued 1.2B 1.2B 1.2B 1.2B 1.2B 1.2B --
Ordinary Shares Number 1.2B 1.2B 1.2B 1.2B 1.2B 1.2B --
Available For Sale Securities 99.3M 71.1M 89.6M 66.5M 51.9M 64.7M --
Capital Lease Obligations -- -- -- -- -- 15.0M 15.4M
Construction In Progress -- -- -- -- 46.6M 28.7M 41.8M
Current Deferred Assets 0.00 0.00 100.0M 100.0M 100.0M 110.0M --
Current Provisions 74.2M 51.0M 60.0M 59.4M 62.5M 51.1M --
Finished Goods 21.7M 25.3M 32.2M 23.3M 19.4M 52.0M --
Hedging Assets Current -- 41.1M -- -- -- 5.6M 16.5M
Income Tax Payable 595.7M 442.1M 285.9M 193.1M 236.7M 205.8M --
Interest Payable 20.0M -- -- -- 31.1M -- --
Investmentin Financial Assets 99.3M 71.1M 89.6M 66.5M 51.9M 64.7M --
Investmentsin Joint Venturesat Cost 49.6M 35.7M 26.0M 23.6M 13.7M 10.9M --
Land And Improvements 11.1B -- -- -- 10.6B 10.5B 10.3B
Long Term Provisions 976.6M 977.2M 964.3M 956.3M 941.5M 903.8M --
Non Current Accounts Receivable 83.0M 78.4M 81.2M 75.6M 75.5M 66.6M --
Non Current Deferred Assets 25.0M 0.00 5.3M 5.3M 5.3M 12.6M --
Non Current Deferred Liabilities 537.8M 571.1M 551.7M 551.1M 549.0M 455.4M --
Non Current Deferred Taxes Assets 25.0M 0.00 5.3M 5.3M 5.3M 12.6M --
Non Current Deferred Taxes Liabilities 537.8M 571.1M 551.7M 551.1M 549.0M 455.4M --
Non Current Prepaid Assets 72.6M 41.6M 45.7M 47.0M 46.6M -- --
Other Receivables 30.5M 45.4M 66.8M 64.5M 52.6M 85.9M --
Pensionand Other Post Retirement Benefit Plans Current -- -- -- -- -- 149.9M 132.3M
Raw Materials 1.1B 1.2B 1.2B 1.1B 1.0B 1.0B --
Restricted Cash 13.5M 14.2M 12.7M 11.9M 10.2M 10.8M --
Taxes Receivable 53.7M 30.5M 28.5M 36.6M 44.6M 40.2M --
Total Tax Payable 595.7M 442.1M 285.9M 193.1M 236.7M 205.8M --
Work In Process 202.0M 175.4M 136.3M 173.2M 186.9M 159.1M --
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Operating Cash Flow 1.1B 1.0B 992.4M 597.1M 734.5M 733.5M --
Cash Flow From Continuing Operating Activities 1.1B 1.0B 992.4M 597.1M 734.5M 733.5M --
Depreciation Amortization Depletion 268.3M 285.4M 262.9M 288.4M 284.8M 296.2M --
Stock Based Compensation 1.9M 3.4M 3.2M 4.6M 2.4M 1.3M --
Deferred Tax 689.3M 32.9M -1.0M 3.5M 103.2M 21.6M --
Deferred Income Tax 689.3M 32.9M -1.0M 3.5M 103.2M 21.6M --
Change In Working Capital -451.3M 199.2M 222.5M 69.3M 127.8M 85.0M --
Changes In Account Receivables 43.2M -48.0M 7.2M 7.1M -14.7M -30.9M --
Change In Receivables 43.2M -48.0M 7.2M 7.1M -14.7M -30.9M --
Change In Inventory -34.5M -19.9M 8.9M -38.4M 17.4M -11.5M --
Change In Payables And Accrued Expense -460.0M 267.1M 206.4M 100.6M 125.1M 127.4M --
Other Non Cash Items -99.0M 30.7M 32.9M 35.2M 31.5M 23.5M --
Capital Expenditure -368.2M -312.2M -306.1M -207.7M -280.7M -278.7M --
Purchase Of PPE -368.2M -312.2M -306.1M -207.7M -280.7M -278.7M --
Net PPE Purchase And Sale -368.2M -312.2M -306.1M -207.7M -280.7M -278.7M --
Purchase Of Investment -35.7M -12.5M -- -9.1M -- -- --
Sale Of Investment 95.5M 94.3M -- -- -- -- --
Net Investment Purchase And Sale 59.8M 81.8M -14.8M -9.1M -8.2M -11.4M --
Investing Cash Flow -291.0M -171.9M -312.7M -227.8M -282.7M -318.4M --
Cash Flow From Continuing Investing Activities -291.0M -225.3M -312.7M -227.8M -292.7M -318.4M --
Issuance Of Debt -- -- -- -- 0.00 0.00 0.00
Repayment Of Debt -502.2M -2.0M -1.5M -201.5M -252.0M -353.3M --
Net Issuance Payments Of Debt -502.2M -2.0M -1.5M -201.5M -252.0M -353.3M --
Repurchase Of Capital Stock -265.1M -165.1M -170.1M -- -- -- 0.00
Net Common Stock Issuance -265.1M -165.1M -170.1M -- -- -- 0.00
Common Stock Dividend Paid -42.1M -36.4M -36.7M -36.9M -36.9M -36.9M --
Common Stock Payments -265.1M -165.1M -170.1M -- -- -- 0.00
Financing Cash Flow -835.8M -267.5M -238.3M -286.4M -311.8M -422.6M --
Cash Flow From Continuing Financing Activities -835.8M -267.5M -238.3M -286.4M -311.8M -422.6M --
Effect Of Exchange Rate Changes 500,000 500,000 500,000 200,000 -1.3M 300,000 --
Changes In Cash 20.1M 584.7M 441.4M 82.9M 140.0M -7.5M --
Beginning Cash Position 1.7B 1.1B 694.6M 611.5M 472.8M 480.0M --
End Cash Position 1.7B 1.7B 1.1B 694.6M 611.5M 472.8M --
Free Cash Flow 778.7M 711.9M 686.3M 389.4M 453.8M 454.8M --
Asset Impairment Charge -116.1M 0.00 -- -- 0.00 -74.1M --
Cash Dividends Paid -42.1M -36.4M -36.7M -36.9M -36.9M -36.9M --
Cash From Discontinued Investing Activities 0.00 53.4M -- -- 10.0M 0.00 0.00
Gain Loss On Sale Of Business 0.00 -63.0M -- -- -- -- --
Interest Paid Cff -10.2M -31.0M 0.00 -24.0M 0.00 -17.1M --
Interest Received Cfi 16.7M 6.6M 9.0M -9.3M -4.4M -27.0M --
Long Term Debt Issuance -- -- -- -- 0.00 0.00 0.00
Long Term Debt Payments -502.2M -2.0M -1.5M -201.5M -252.0M -353.3M --
Net Foreign Currency Exchange Gain Loss 13.7M -16.3M 23.3M -15.0M -75.9M 8.9M --
Net Income From Continuing Operations 912.9M 609.1M 558.6M 389.4M 288.2M 390.3M --
Net Long Term Debt Issuance -502.2M -2.0M -1.5M -201.5M -252.0M -353.3M --
Net Other Financing Charges -16.2M -33.0M -30.0M -24.0M -22.9M -15.3M --
Net Other Investing Changes 700,000 -1.5M -800,000 -1.7M 600,000 -1.3M --
Operating Gains Losses 13.7M -79.3M 23.3M -15.0M -75.9M 8.9M --
Taxes Refund Paid -72.8M -57.3M -110.0M -178.3M -27.5M -19.2M --
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