Kinross Gold Corporation (USA) (NYSE:KGC)
About Kinross Gold Corporation (USA) (NYSE:KGC) Kinross Gold Corporation (Kinross) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of goldcontaining ore, and reclamation of gold mining properties. Kinross’ gold production and exploration activities are carried out principally in the United States, Brazil, Chile, Ecuador and the Russian Federation. Gold is produced in the form of dore, which is shipped to refineries for final processing. Kinross also produces and sells silver. It operates under 11 segments: Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Crixas, Maricunga, La Coipa and Porcupine Joint Venture. On January 7, 2009, Kinross completed its acquisition of 100% of Minera Santa Rosa SCM and 60% interest in Teck Cominco Limited. In July 2010, Kinross Gold Corporation acquired Underworld ResourcesInc.
Statistics Symbol
KGC
EPS:
1.08
Current Price
$16.80
Market Capitalization:
$19.01B
52 week range
$14.84- $20.44
Beta
0.60
Avg Volume
5.61M
P/E
15.55
Financials Kinross Gold Corporation (USA) (NYSE:KGC) generated current quarterly total revenue of $735.50 million that are considerably greater than last quarter’s closing of $696.60 million. Moreover, operating and net income have increased that led to increasein EPSof current quarter. The company’s cash flow from operations has increased noticeably up to $700.10 million from last quarter’s ending cash flow of $428.40 million. That is a good sign because company could face some problems to repay debts. Total assets of company mount up to $16.14 billion as of 30th September, 2010 that is about 92.54% greater than last quarter’s ending and it has also managed to maintain the current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer funding liquidity problems and more funds would be available to invest in future profitable opportunities.
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