Kinross Gold Corp
TSX:K
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| CA |
|
Kinross Gold Corp
TSX:K
|
23.6B CAD |
19%
|
|
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD |
40%
|
|
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
341.9B Zac |
26%
|
|
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
164.2B Zac |
25%
|
|
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
467.2B CNY |
28%
|
|
| US |
|
Newmont Corporation
NYSE:NEM
|
57B USD |
17%
|
|
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
74.8B CAD |
11%
|
|
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
49.8B CAD |
9%
|
|
| CA |
|
Franco-Nevada Corp
TSX:FNV
|
42.9B CAD |
10%
|
|
| CA |
|
Barrick Gold Corp
TSX:ABX
|
42.9B CAD |
10%
|
|
| RU |
|
Polyus PAO
MOEX:PLZL
|
2.3T RUB |
113%
|
Kinross Gold Corp
Glance View
Kinross Gold Corp, an enduring torchbearer in the mining sector, operates as a beacon of stability with its global presence and diversified portfolio. Founded in 1993, it has emerged as a major player in gold production, with operations spanning across the Americas, West Africa, and Russia. Kinross mines precious metals, focusing primarily on gold, but also producing a significant amount of silver as a by-product. The company's operations are marked by its strategic acquisition approach, identifying and obtaining assets that promise long-term value growth. This relentless pursuit of operational excellence and commitment to sustainability is central to Kinross' business ethos, ensuring they continue to deliver solid returns to their investors. The heart of Kinross' operations beats within its open-pit and underground mining sites where science and labor intertwine to extract gold from the earth. The process begins with exploration, involving geological studies and test drilling, before developing mining sites where raw ore is extracted. This ore then undergoes a meticulous ore processing regimen, where the gold is separated through advanced technologies like heap leaching and milling. Finally, the refined gold is sold to markets around the world, providing the lifeblood of Kinross' revenue. The company’s financial efficacy extends beyond mere extraction; it’s about mastering the value chain, from exploration to asset optimization, thereby maintaining its competitive edge in a volatile market. Through innovation and strategic foresight, Kinross continues to navigate the complex landscape of the gold mining industry, driving profitability while adhering to responsible mining practices.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on Kinross Gold Corp's most recent financial statements, the company has ROE of 18.6%.
You don't have any saved screeners yet