This is a review of Kinross Gold Corporation. What is Kinross Gold Corporation? How does it work? What do they offer to you? Scam or legit? Are there better alternatives? This is just a few of the questions we help you answer!
Name of the company: Kinross Gold Corporation
Official Website URL: https://www.kinross.com/
CEO: J. Paul Rollinson
Products: Gold, Silver, Stocks
Kinross Gold Corporation is one of the companies that offer investors opportunities to invest with it. How exactly does it offer this value to interested investors? In this review, I will be taking you through the key details about this company, as I to establish whether it is a suitable option for investment. The questions I will use to guide this review are:
– What it is Kinross Gold about?
-How does it go about its operations?
-Which products does it offer to investors and other stakeholders?
-What can be said of its genuineness?
-Which investment opportunities does it offer to those who want to multiply the money in their savings accounts?
– Is there a better alternative to the investment options it offers?
-Which are the main pros and cons that you can expect when working with Kinross Gold?
What is Kinross Gold Corporation?
Kinross Gold is a Canadian-based mining company that mainly focuses on the production of Gold and Silver. This company has been in operation since 1993 and has over the years been engaging in activities that support its growth as a mining and exploration company. One of the most remarkable achievements that this company has managed to post so far is managing to be ranked as the fourth amongst the top ten gold mining companies in 2017.
It has been the objective of this company to create sustainable value through mining responsibly. Its endeavor to contribute positively to the lives of those residing in the areas in which it does mining has also made it a notable organization in terms of development. This has been achieved through the active contribution of the 9000 employees that Kinross Gold has employed in its sites distributed across various countries around the world.
If you are an investor, the fact that Kinross Gold delivers values through operational excellence, an impressive balance sheet, remarkable growth supported by discipline from every employee in this company. You will also be excited by this company’s commitment to the highest standards of professionalism and ethics. This company actively monitors development in all areas that have legal jurisdictions, in a bid to ensure that it meets the expectations set by the concerned governments. The high-performance culture at Kinross Gold is also significantly responsible for its current growth trends, which would in one way or another attract investors.
How it works
Kinross Gold is currently running 8 gold mines which are distributed across the following nations:
– Brazil (Paracatu mine)
– Ghana (Chirano Gold Mine)
– Mauritania (Tasiast Gold Mine)
– Russia (Kupol Gold Mine, Dvoinoye Gold Mine )
– United States(Bald Mountain Mine, Fort Knox Gold Mine, Round Mountain Gold Mine) ‘
Effectively, these mines are distributed across regions that Kinross Gold has assigned different names, as follows:
– Russia- 20%
– West Africa -22%
– Americas -58%.
Kinross Gold has been posting very strong results which are to a great extent founded on the solid and consistent performance from its portfolio of mines.
At the moment, Kinross Gold is comfortably able to manage the costs of sales of gold at $730 per ounce. The all-in sustaining costs of sale per an ounce of gold are at $995. Following its very effective financial discipline, Kinross Gold is able to maintain profitability, with its net income being in the hundreds of millions (dollars).
Kinross Gold is a verified producer of gold and silver. It, however, mainly focuses on the production of gold, which is why it is famous in the first place. All merchants and producers in the value addition chain can, therefore, rely on the precious metals produced by Kinross Gold.
Owing to its financial stability, this company is also able to offer stocks to the public for investment purposes. Currently, it has stocks listed in the following exchanges:
– Toronto Stock Exchange – trades under the K ticker.
– New York Stock Exchange – KGC
Is it a genuine company?
Kinross Gold Corporation is without a speck of doubt a genuine company. This company was founded in 1993 and has been in business ever since. The company runs under its able executive leaders who are very well versed with the management of mining companies. At the forefront of this company’s successful endeavors is:
1. J. Pual Rollinson – Chief Executive Officer & President
2. Geoffrey P. Gold – Executive Vice-President, External Relations & Chief Legal Officer
3. Paul B. Tomory – Executive Vice-President & Chief Technical Officer
4. Andrea Freeborough – Senior Vice-President & Chief Financial Officer
If you conduct a search for these companies, you will agree with me that they are existent people whose expertise and professionalism is also verifiable.
In 2017, Kinross Gold Corporation had total revenue of 3.3 Billion USD. It is hard for a company with such an amount of revenue to be providing products that are not genuine. Also, information about this company’s stocks is available on Yahoo Finance. On this site, you can access information regarding the price of the stocks, a stock quote, all the historical trends, as well as related statistics about these stocks.
For all those who are interested in investing in company stocks, you can benefit from what Kinross Gold has to offer. This company has stocks that are currently trading in TSX and NYSE, and you can seize this opportunity to make your nest of investments more diverse. The only thing I have to highlight is the fact that stocks are usually very susceptible to major fluctuations due to the major economic conditions.
Alternatives to Kinross Gold
The gold stocks offered by this company are a good choice of investment, but as a shrewd investor, you are possibly not looking for “good”- you want the best. If you truly want the best alternative, then you should invest in physical gold, through a suitable gold IRA. If you do not know any suitable gold IRA, then you should check out Regal Assets, and have the team in this company guide you through how to invest in the product that is more stable than the gold stocks.
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as Regal Assets, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always wise (and recommended) to compare the positive sides against the negative ones to get a better overall view of something. As always in our reviews we provide you with some clear points on both sides of the spectrum to make this task easier for you:
– Takes sustainability seriously
– Is for the positive change of the lives of its stakeholders
– Takes shareholder growth seriously
– Has several mines that have great potential.
– Was not profitable between 2011 to 2017 (Q1)
Do You Own or represent Kinross Gold Corporation?
If you are a representative, or associate of Kinross Gold Corporation and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Kinross Gold Corporation pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Kinross Gold Corporation to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com