With an impressive short percentage of shares outstanding of 1.41%, Kinross Gold Corporation (NYSE:KGC) is among the 10 Best Gold Mining Stocks to Buy as Central Banks Buy Bullion.
Kinross Gold Corporation (NYSE:KGC) reported first-quarter revenue of $2.41 billion on April 30, slightly below analyst estimates of $2.46 billion
The company produced 492,563 gold equivalent ounces during the quarter, representing a planned 4% decline from the prior year as stronger production from Paracatu offset lower output from several other mining operations. CEO J. Paul Rollinson highlighted record quarterly free cash flow of approximately $840 million, marking the fourth consecutive quarterly record for the company.
Management also emphasized disciplined cost management, strong operating margins, and continued shareholder returns, including approximately $350 million returned through dividends and share repurchases during 2026. Kinross additionally noted progress across several major development projects, including Great Bear, Lobo-Marte, and multiple U.S.-based growth initiatives. Earlier, on April 11, Kinross Gold Corporation (NYSE:KGC) disclosed that TRC Capital had launched an unsolicited mini-tender offer to purchase approximately 2.5 million common shares at C$41.75 per share.