AngloGold Ashanti vs Kinross Gold
This page compares AngloGold Ashanti and Kinross Gold, offering a neutral look at their business models, financial performance, and market context. It presents how each company approaches exploration, production, and value creation, with clear, accessible explanations rather than speculation. Educational content, not financial advice.
This page compares AngloGold Ashanti and Kinross Gold, offering a neutral look at their business models, financial performance, and market context. It presents how each company approaches exploration,...
Why It's Moving
AngloGold Ashanti powers ahead with strong Q3 output and reaffirmed 2025 guidance amid gold surge.
- Sukari mine, acquired via Centamin in late 2024, delivered 129,000-135,000 ounces in Q2-Q3 2025, rapidly boosting overall production 20% YTD to 2.292 million ounces and on track for 500,000 annual ounces.[1][2]
- Q3 cash generation hit record highs, supporting portfolio reinvestments like Geita mine expansions to lift reserves 60% and extend mine life to 10 years with potential 600,000 oz/year output.[3]
- Trading at a discounted 12.79X forward P/E versus industry peers, with analysts projecting 67% sales growth and 149% EPS surge for 2025 on record gold prices.[1][2]
Kinross lifts dividend, boosts buyback and pays down debt — shares react to stronger cash flow and tighter balance sheet
- Dividend hike and payout cadence — Board approved a 17% annual increase to the cash dividend to $0.14 per share and declared a $0.035 quarterly dividend payable Dec. 10, underscoring management’s willingness to return excess cash after a strong quarter.
- Bigger buyback target — Kinross raised its 2025 share buyback program to $600 million (a 20% increase), indicating confidence in free cash flow and reducing share count pressure while providing another lever to support per‑share earnings metrics.
- Debt reduction and balance‑sheet boost — The company completed an early redemption of $500M of 4.50% senior notes due 2027, bringing 2025 debt repayments to $700M and leaving Kinross with an approximately $500M net cash position, which lowers near‑term refinancing risk and improves financial flexibility.
AngloGold Ashanti powers ahead with strong Q3 output and reaffirmed 2025 guidance amid gold surge.
- Sukari mine, acquired via Centamin in late 2024, delivered 129,000-135,000 ounces in Q2-Q3 2025, rapidly boosting overall production 20% YTD to 2.292 million ounces and on track for 500,000 annual ounces.[1][2]
- Q3 cash generation hit record highs, supporting portfolio reinvestments like Geita mine expansions to lift reserves 60% and extend mine life to 10 years with potential 600,000 oz/year output.[3]
- Trading at a discounted 12.79X forward P/E versus industry peers, with analysts projecting 67% sales growth and 149% EPS surge for 2025 on record gold prices.[1][2]
Kinross lifts dividend, boosts buyback and pays down debt — shares react to stronger cash flow and tighter balance sheet
- Dividend hike and payout cadence — Board approved a 17% annual increase to the cash dividend to $0.14 per share and declared a $0.035 quarterly dividend payable Dec. 10, underscoring management’s willingness to return excess cash after a strong quarter.
- Bigger buyback target — Kinross raised its 2025 share buyback program to $600 million (a 20% increase), indicating confidence in free cash flow and reducing share count pressure while providing another lever to support per‑share earnings metrics.
- Debt reduction and balance‑sheet boost — The company completed an early redemption of $500M of 4.50% senior notes due 2027, bringing 2025 debt repayments to $700M and leaving Kinross with an approximately $500M net cash position, which lowers near‑term refinancing risk and improves financial flexibility.
Which Baskets Do They Appear In?
Gold Miners (Record High Rally) Investment Guide
Gold prices have reached a record high as concerns over a U.S. government shutdown and potential interest rate cuts drive investors to seek safe-haven assets. This trend creates a potential investment opportunity in the companies that explore for and produce gold and other precious metals.
Published: October 2, 2025
Explore BasketGold Mining Stocks | All-Time High Opportunity
Gold prices have surged to a new all-time high, driven by Federal Reserve interest rate cuts and economic uncertainty. This rally creates a potential investment opportunity in the shares of gold and precious metals mining companies, which stand to benefit from the increased demand and higher commodity prices.
Published: September 23, 2025
Explore BasketGold & Silver
Will investing in these metal mining stocks make your portfolio sparkle? These carefully selected precious metal companies were chosen by our professional analysts for their potential to serve as a hedge against economic uncertainty. Discover how gold and silver miners could add stability and growth to your investments.
Published: May 4, 2025
Explore BasketWhich Baskets Do They Appear In?
Gold Miners (Record High Rally) Investment Guide
Gold prices have reached a record high as concerns over a U.S. government shutdown and potential interest rate cuts drive investors to seek safe-haven assets. This trend creates a potential investment opportunity in the companies that explore for and produce gold and other precious metals.
Published: October 2, 2025
Explore BasketGold Mining Stocks | All-Time High Opportunity
Gold prices have surged to a new all-time high, driven by Federal Reserve interest rate cuts and economic uncertainty. This rally creates a potential investment opportunity in the shares of gold and precious metals mining companies, which stand to benefit from the increased demand and higher commodity prices.
Published: September 23, 2025
Explore BasketGold & Silver
Will investing in these metal mining stocks make your portfolio sparkle? These carefully selected precious metal companies were chosen by our professional analysts for their potential to serve as a hedge against economic uncertainty. Discover how gold and silver miners could add stability and growth to your investments.
Published: May 4, 2025
Explore BasketInvestment Analysis
Pros
- Strong Q2 2025 financial performance driven by a 41% year-over-year increase in the average realized gold price, boosting revenues and cash flow.
- Reported 21% growth in gold production to 804,000 ounces in Q2, supporting its 2025 guidance of 2.9-3.225 million ounces annually.
- Maintains disciplined cost management despite inflation, with controlled cash costs per ounce and significant free cash flow growth of 149% year-over-year.
Considerations
- Increasing operating expenses and higher All-In Sustaining Costs (AISC), projected between $1,580 and $1,705 per ounce for 2025, pressure margins.
- Stock price volatility with recent short-term declines despite strong fundamentals, reflecting market uncertainty in the sector.
- Forward price-earnings ratio higher than some peers, potentially limiting upside relative to valuation concerns highlighted by some analysts.
Kinross Gold
KGC
Pros
- Kinross Gold is one of the largest global gold producers with diversified operations, providing scale and geographic risk spread.
- Active in acquisition, exploration, and development, contributing to growth potential through asset portfolio expansion initiatives.
- Engagement in a broad range of gold properties enables capitalising on favourable gold price environments and operational improvements.
Considerations
- Exposed to commodity price cyclicality which may affect revenues and profitability given gold price fluctuations.
- Industry-wide challenges such as rising costs and inflationary pressures could impact cost control and margins for Kinross.
- Execution risks related to exploration and development projects including permitting, regional politics and operational delays.
Why invest with Nemo?
Zero Commission
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Trusted & Regulated
Part of Exinity Group 2015, serving over a million customers globally.
6% Interest on Cash
Earn 6% AER on uninvested cash with daily interest payments.
Discover More Comparisons
AngloGold Ashanti vs ArcelorMittal
AngloGold Ashanti vs ArcelorMittal
AngloGold Ashanti vs DuPont
AngloGold Ashanti vs DuPont: a stock comparison
AngloGold Ashanti vs Steel Dynamics
AngloGold Ashanti Ltd. vs Steel Dynamics Inc.