← KINROSS GOLD CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.5b | $3.3b | $3.2b | $3.5b | $4.2b | $3.7b | $3.5b | $4.2b | $5.1b | $7.1b | |
| Cost of Goods and Services Sold | $3.0b | $2.6b | $2.6b | $2.1b | $1.9b | $2.7b | $2.9b | $3.1b | $3.3b | $3.3b | |
| Production cost of sales | $2.0b | $1.8b | $1.9b | $1.8b | $1.7b | $1.7b | $1.8b | $2.1b | $2.2b | $2.3b | |
| Total cost of sales | $3.0b | $2.6b | $2.6b | $2.1b | $1.9b | $2.7b | $2.9b | $3.1b | $3.3b | $3.3b | |
| Gross Profit | $493.6m | $704.7m | $579.7m | $1.3b | $2.3b | $1.0b | $515.4m | $1.2b | $1.9b | $3.7b | |
| Additional Financial Items | |||||||||||
| Applicable Tax Rate | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Average Effective Tax Rate | ($1) | ($0) | $1 | $0 | $0 | $1 | — | — | — | — | |
| Depreciation Right of Use Assets | — | — | — | $11.5m | $16.1m | $32.2m | $20.1m | $14.3m | $12.6m | $12.7m | |
| Finance Income | $7.5m | $13.5m | $11.0m | $7.9m | $4.3m | $12.3m | $18.3m | $40.5m | $18.2m | $73.0m | |
| Other Income | $22.5m | $188.1m | $3.2m | $72.6m | $7.4m | $79.2m | $64.4m | ($27.3m) | $14.3m | ($24.6m) | |
| Profit Loss Attributable To Noncontrolling Interests | ($5.1m) | ($3.2m) | ($2.0m) | ($1.5m) | $16.3m | ($2.5m) | ($500k) | ($900k) | $45.2m | $79.9m | |
| Profit Loss Attributable To Owners Of Parent | ($104.0m) | $445.4m | ($23.6m) | $718.6m | $1.3b | $221.2m | ($605.2m) | $416.3m | $948.8m | $2.4b | |
| Profit Loss Before Tax | ($59.5m) | $419.0m | $113.2m | $963.8m | $1.8b | $469.4m | $106.7m | $708.6m | $1.5b | $3.2b | |
| Profit Loss From Operating Activities | $46.3m | $336.5m | $200.5m | $991.1m | $1.9b | $463.6m | $117.7m | $801.4m | $1.5b | $3.3b | |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | ($1.2m) | ($1.3m) | ($300k) | $100k | — | — | — | — | — | — | |
| Tax Rate Effect Of Foreign Tax Rates | $1 | ($0) | $0 | $0 | $0 | $0 | — | — | — | — | |
| Metal sales | $3.5b | $3.3b | $3.2b | $3.5b | $4.2b | $3.7b | $3.5b | $4.2b | $5.1b | $7.1b | |
| Depreciation, depletion and amortization | $855.0m | $819.4m | $772.4m | $731.3m | $842.3m | $840.9m | $784.0m | $986.8m | $1.1b | $1.1b | |
| Impairment reversal | — | — | — | — | — | — | — | $38.9m | ($74.1m) | ($116.1m) | |
| Exploration and business development | $94.3m | $106.0m | $109.2m | $113.5m | $92.5m | $133.1m | $154.1m | $185.0m | $197.8m | $204.4m | |
| General and administrative | $143.7m | $132.6m | $133.0m | $135.8m | $117.9m | $126.6m | $129.8m | $108.7m | $126.2m | $139.9m | |
| Operating earnings | $46.3m | $336.5m | $200.5m | $991.1m | $1.9b | $463.6m | $117.7m | $801.4m | $1.5b | $3.3b | |
| Earnings before tax | ($59.5m) | $419.0m | $113.2m | $963.8m | $1.8b | $469.4m | $106.7m | $708.6m | $1.5b | $3.2b | |
| Net earnings | ($109.1m) | $442.2m | ($25.6m) | $717.1m | $1.4b | $218.7m | ($605.7m) | $415.4m | $994.0m | $2.5b | |
| Non-controlling interests | ($5.1m) | ($3.2m) | ($2.0m) | ($1.5m) | $16.3m | ($2.5m) | ($500k) | ($900k) | $45.2m | $79.9m | |
| Common shareholders | ($104.0m) | $445.4m | ($23.6m) | $718.6m | $1.3b | $221.2m | ($605.2m) | $416.3m | $948.8m | $2.4b | |
| Mining and processing | — | $315.6m | $387.2m | $339.0m | $312.6m | $351.5m | $394.4m | $437.3m | $518.9m | $572.8m | |
| Royalties | — | $15.6m | $21.6m | $17.4m | $10.2m | $11.7m | $9.1m | $10.2m | $13.8m | $27.0m | |
| Amortization | — | $125.6m | $166.6m | $165.0m | $152.7m | $170.9m | $171.5m | $190.2m | $218.4m | $209.7m | |
| Exploration | — | $8.3m | $11.0m | $6.7m | $7.2m | $14.7m | $18.4m | $18.2m | $26.7m | $26.3m | |
| Corporate and administrative | — | $15.5m | $17.4m | $19.8m | $21.0m | $24.5m | $25.9m | $27.6m | $32.6m | $39.3m | |
| Share-based compensation (Note 19) | — | $6.2m | $6.6m | $9.2m | $10.3m | $11.1m | $18.3m | $21.7m | $31.7m | $55.0m | |
| Reversal of impairment (Note 10) | — | $0 | $64.0m | $0 | $0 | $224.3m | $38.2m | $0 | ($57.1m) | ($218.8m) | |
| Gain on sale of assets (Note 7) | — | — | — | — | — | — | — | — | $0 | $231.0m | |
| Loss on commodity derivatives (Note 13) | — | — | — | — | — | — | — | ($900k) | ($24.2m) | ($230.5m) | |
| Foreign exchange (loss) gain | — | $5.0m | ($4.4m) | $300k | ($1.4m) | ($900k) | $1.7m | $1.9m | $8.0m | ($5.1m) | |
| Other loss (Note 21) | — | ($3.1m) | ($8.4m) | $5.1m | ($3.7m) | ($7.2m) | ($5.1m) | ($22.9m) | ($39.7m) | ($9.6m) | |
| Net change in fair value of currency hedging instruments, net of taxes | — | — | — | — | $1.1m | — | ($5.9m) | $8.3m | ($11.7m) | $8.2m | |
| Net change in fair value of fuel hedging instruments, net of taxes | — | — | — | — | $100k | — | ($300k) | ($200k) | ($100k) | $0 | |
| Unrealized gain on equity securities, net of taxes | — | $6.6m | ($1.8m) | $2.5m | $23.8m | — | ($20.5m) | ($10.5m) | $26.4m | $34.9m | |
| COMPREHENSIVE INCOME | $39.2m | ($82.3m) | $105.1m | $169.2m | ($71.0m) | $10.4m | $207.6m | $298.9m | $928.9m | ||
| - basic (in shares) | — | $305.5m | $389.8m | $390.2m | $391.7m | $392.6m | $392.2m | $395.5m | $408.2m | — | |
| - diluted (in shares) | — | $309.0m | $389.8m | $393.4m | $394.9m | $392.6m | $394.5m | $398.1m | $410.5m | — | |
| Inventory net realizable value adjustment | — | — | — | — | — | $0 | $33.9m | $0 | — | — | |
| Debt Instrument, Redemption Loss | — | ($29.1m) | $0 | — | — | — | — | — | — | — | |
| Unrealized gain on currency hedging instruments, net of taxes | — | $6.0m | ($7.4m) | $6.0m | $1.1m | — | — | — | — | — | |
| Unrealized gain on fuel hedging instruments, net of taxes | — | $0 | ($500k) | $500k | $100k | — | — | — | — | — | |
| Net Foreign Exchange Loss | $6.3m | $4.9m | — | — | — | — | — | — | — | — | |
| Total other comprehensive income | — | $12.6m | ($9.7m) | $9.0m | $25.0m | ($4.3m) | ($26.7m) | ($2.4m) | $14.6m | $43.1m | |
| Basic Earnings (Loss) Per Share | ($0.08) | $0.36 | ($0.02) | $0.57 | $1.07 | $0.18 | ($0.47) | $0.34 | $0.77 | $1.96 | |
| Diluted Earnings (Loss) Per Share | ($0.08) | $0.35 | ($0.02) | $0.57 | $1.06 | $0.17 | ($0.47) | $0.34 | $0.77 | $1.95 | |
| Basic | $1,227,007,000.00 | $1,246,619,000.00 | $1,249,495,000.00 | $1,252,316,000.00 | $1,257,163,000.00 | $1,259,059,000.00 | ($0.47) | $0.34 | $0.77 | $1.96 | |
| Diluted | $1,227,007,000.00 | $1,257,045,000.00 | $1,249,495,000.00 | $1,262,344,000.00 | $1,267,970,000.00 | $1,269,146,000.00 | ($0.47) | $0.34 | $0.77 | $1.95 | |
| Selling, General and Administrative Expense | $143.7m | $132.6m | $133.0m | $135.8m | $117.9m | $126.6m | $129.8m | $108.7m | $126.2m | $139.9m | |
| Current Tax Expense (Income) | $223.9m | $63.2m | $137.8m | $206.6m | $297.7m | $264.5m | $132.4m | $149.0m | $376.3m | $749.3m | |
| Deferred Tax Expense (Income) Recognised In Profit Or Loss | ($149.7m) | ($76.4m) | $8.9m | $41.1m | $217.9m | ($63.7m) | ($56.2m) | $143.9m | $112.2m | ($21.9m) | |
| Depreciation And Amortisation Expense | $855.0m | $819.4m | $772.4m | $731.3m | $842.3m | $840.9m | $784.0m | $986.8m | $1.1b | $1.1b | |
| Employee Benefits Expense | $711.7m | $715.6m | $699.5m | $734.2m | $754.9m | $746.5m | $646.6m | $674.8m | $719.7m | $863.0m | |
| Expense From Share-Based Payment Transactions With Employees | $26.8m | $25.9m | $21.3m | $27.0m | $30.7m | $19.5m | $13.4m | $18.9m | $30.2m | $69.7m | |
| Expense Relating To Leases Of Low-Value Assets For Which Recognition Exemption Has Been Used | — | — | — | $400k | $100k | $300k | $200k | $200k | — | — | |
| Expense Relating To Short-Term Leases For Which Recognition Exemption Has Been Used | — | — | — | $23.7m | $4.8m | $6.5m | $3.1m | $3.1m | — | — | |
| Expense Relating To Variable Lease Payments Not Included In Measurement Of Lease Liabilities | — | — | — | $23.3m | $31.2m | $36.5m | $41.4m | $29.0m | — | — | |
| Finance Costs | $134.6m | $117.8m | $101.2m | $107.9m | $112.6m | $85.7m | $93.7m | $106.0m | $91.4m | $131.3m | |
| Other Employee Expense | $19.2m | $11.2m | $9.6m | $26.4m | $16.3m | $16.4m | $30.7m | $15.1m | $19.4m | $24.4m | |
| Other Operating Income Expense | ($209.3m) | ($129.6m) | ($137.0m) | ($108.5m) | ($186.5m) | $294.6m | $113.8m | ($64.5m) | ($14.0m) | ($93.9m) | |
| Other operating expense | $209.3m | $129.6m | $137.0m | $108.5m | $186.5m | $294.6m | $113.8m | $64.5m | $14.0m | $93.9m | |
| Other (expense) income - net | $22.5m | $188.1m | $3.2m | $72.6m | $7.4m | $79.2m | $64.4m | ($27.3m) | $14.3m | ($24.6m) | |
| Finance expense | ($134.6m) | ($117.8m) | ($101.2m) | ($107.9m) | ($112.6m) | ($85.7m) | ($93.7m) | ($106.0m) | ($91.4m) | ($131.3m) | |
| COVID costs | — | — | — | $0 | $6.5m | — | — | — | — | — | |
| Interest Expense | $100.4m | $86.5m | $72.1m | $76.9m | $89.6m | $71.5m | $68.2m | $69.0m | $50.5m | $81.8m | |
| Income Tax Expense Continuing Operations | $49.6m | ($23.2m) | $138.8m | $246.7m | $439.8m | $250.7m | $76.1m | $293.2m | $487.4m | $724.7m | |
| Income tax expense - net | ($49.6m) | $23.2m | ($138.8m) | ($246.7m) | ($439.8m) | ($250.7m) | ($76.1m) | ($293.2m) | ($487.4m) | ($724.7m) | |
| Current income tax expense | — | ($11.9m) | ($17.3m) | ($12.7m) | ($30.1m) | ($5.3m) | ($10.7m) | ($52.7m) | ($98.7m) | ($120.5m) | |
| Deferred income tax expense | — | $16.3m | ($16.9m) | ($20.1m) | ($43.9m) | ($63.7m) | ($54.6m) | ($31.0m) | ($119.2m) | ($83.4m) | |
| Total expenses | — | $486.8m | $674.4m | $557.1m | $520.5m | $808.7m | $709.7m | $705.2m | $785.0m | $711.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.