Kinross Gold Valuation Multiples

Kinross Gold Overview

About Kinross Gold

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.

Founded

1993

HQ

Employees

6.8K

Website

kinross.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $8B

EBITDA: $5B

EV

$41B

Valuation Multiples

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Kinross Gold Financials

Kinross Gold reported last 12-month revenue of $8B and EBITDA of $5B.

In the same LTM period, Kinross Gold generated $5B in gross profit, $5B in EBITDA, and $3B in net income.

Kinross Gold P&L

In the most recent fiscal year, Kinross Gold reported revenue of $7B and EBITDA of $4B.

Kinross Gold expects next 12-month revenue of XXX and NTM EBITDA of XXX

Kinross Gold Stock Performance

Kinross Gold has current market cap of $42B, and enterprise value of $41B.

Kinross Gold's stock price is $34.94.

Kinross Gold Valuation Multiples

Kinross Gold trades at 5.2x EV/Revenue multiple, and 8.1x EV/EBITDA.

Kinross Gold Financial Valuation Multiples

As of April 20, 2026, Kinross Gold has market cap of $42B and EV of $41B.

Equity research analysts estimate Kinross Gold's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Kinross Gold has a P/E ratio of 15.6x.

Kinross Gold Margins & Growth Rates

Kinross Gold's revenue in the last 12 month grew by 26%.

Kinross Gold's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.1M for the same period.

Kinross Gold's rule of 40 is 110% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Kinross Gold's rule of X is 171% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Kinross Gold Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

Kinross Gold M&A Activity

Kinross Gold acquired XXX companies to date.

Last acquisition by Kinross Gold was on XXXXXXXX, XXXXX. Kinross Gold acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Kinross Gold Investment Activity

Kinross Gold invested in XXX companies to date.

Kinross Gold made its latest investment on XXXXXXXX, XXXXX. Kinross Gold invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).