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Kinross Gold Corporation KGC


Primary Symbol: T.K

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.


Kinross Gold Corporation > MJS.V Detailed Fact Sheet for Review

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November 24, 2022 - 07:08 PM
127 Reads
Post# 35126621

MJS.V Detailed Fact Sheet for Review

Mine In Productin Since 2011

  • Mine License exptenedl for 10 years  Till 2031.
  • First Licensed for 5 year till 2016, Second extension 5 year till 2021, Latest extension 10 year till 2031.  No Regional or Regularity Risk.
  • Mine life till 2043 (21 Years more) so i more extension will be needed. History shows this will be routine.
  • Governmental Safety Inspections completed in August 12, 2021. No remaining risk .
  • Total cash costs are $654/ounce.  Gold trading at $1755/ounce

Market Cap:      88.63 Million
Cash Position: 43.30 Million
Total Debt: 0


2022 Net Income 6 months: 11.30 Million

The financial summary for most recent quarters:
June 30, 2022
Revenue:                 $16,438,676 
Net income (loss): $5,844,799  
Income per share:   0.01 

March 31, 2022
Revenue:                 $16,966,985  
Net income (loss): $5,417,860 
Income per share:   0.01 

Shandong Mining trading at 25 times Net Income. Majestic Market Cap Calculation as per Peers
  • Majestic first 6 months net income: 11.3 Million
  • 12 Month projected Net Income: 23.0 Million
  • 23 Million x 25 times multiple = 575 Million