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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 Fact Sheet - Including Q3

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November 29, 2022 - 08:46 PM
111 Reads
Post# 35138386

MJS.V Fact Sheet - Including Q3

Market Cap:        $ 93.41 Million

Cash Position:    $ 69.94 Million ( 51.50 Million USD )

****** Zero Debt ******


Getting MJS for: $ 23.47 Million ( 17.28 Million USD )


2022 Net Income 9 months: 22.27 ( 16.40 Million USD )

The financial summary for 3 most recent quarters:

September 30, 2022
Revenue:       $15,762,546
Net income:  $5,135,207


June 30, 2022

Revenue:       $16,438,676 
Net income:  $5,844,799   

March 31, 2022
Revenue:       $16,966,985  
Net income:  $5,417,860 

  • Mine In Productin Since 2011

  • Mine License extened 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 More Years) so 1 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
     

Shandong Mining trading at 25 times Net Income. Majestic Market Cap Calculation as per Peers

 

Majestic first 9 months net income: 16.4 Million USD

 

12 Month projected Net Income: 22.0 Million USD

 

*** 22 Million x 25 times multiple = 550 Million USD ***