Filing Flows › Kinross Gold (KGC) › Q3 2024
Kinross Gold (KGC) Q3 2024 earnings results (third quarter 2024)
6-K filed Nov 5, 2024
Kinross Gold (KGC) reported revenue of $2.6B for the third quarter 2024 (Q3 2024), +14% from a year earlier. Operating margin was 26.3%, net earnings $673M (26.3% of revenue).
Kinross Gold, Q3 2024: revenue $2.6B (+14% year over year), operating margin 26.3%, net earnings $673M. The chart follows the revenue to costs, profit and cash.
| Q3 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | — | +14% |
| Operating profit | $673M | — | +92% |
| Net earnings | $673M | — | +92% |
What changed
Revenue was $2.6B in Q3 2024, up 14% year over year.
Operating profit was $0.67B, a 26.3% margin (up 10.6 points year over year). Of the extra revenue versus a year earlier, 100% reached operating profit, above the 16% margin then. Total costs grew 0% against revenue growth of 14%. Net earnings were $0.67B, up 92% year over year. The effective tax rate was 0.0%.
Questions
What was Kinross Gold's revenue in the third quarter 2024?
Kinross Gold (KGC) reported revenue of $2.6B for the third quarter 2024 (Q3 2024), +14% from a year earlier.
Was Kinross Gold profitable in the third quarter 2024?
Operating profit was $673M (26.3% of revenue) and net earnings $673M.
Source: Kinross Gold 6-K on SEC EDGAR.