Kinross Gold (KGC): A Cheap Stock To Buy Under $10

Kinross Gold Corporation (KGC) is a global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada. With a market capitalization of around $6 billion, KGC is currently trading below $10 per share, making it an attractive investment opportunity for value-conscious investors. This article explores the factors that make KGC a cheap stock to buy under $10.


Production Cost and All-In Sustaining Cost (AISC)
One of the primary factors driving KGC's production cost and AISC is its geographical diversification. The company's operations are spread across various countries, allowing it to mitigate risks associated with political instability, labor disputes, and regulatory changes. Additionally, KGC's focus on optimizing its mine plans and improving operational efficiency has resulted in a significant reduction in production costs and AISC.


Geographical Diversification
KGC's geographical diversification plays a crucial role in its stock price performance. By operating in multiple countries, the company can take advantage of favorable mining conditions, tax incentives, and access to diverse labor markets. Moreover, geographical diversification helps KGC hedge against currency fluctuations and geopolitical risks. For instance, KGC's operations in the United States, Brazil, and Chile provide exposure to different gold mining jurisdictions, reducing the impact of any single country's regulatory or economic issues.

Dividend Payouts and Plans
KGC's dividend payouts and plans have a significant impact on investor sentiment and stock price. In September 2020, the company's Board of Directors approved a plan to pay quarterly dividends of $0.03 per common share. This dividend policy demonstrates KGC's commitment to providing shareholder value and is an attractive feature for income-oriented investors. Additionally, KGC's dividend yield is competitive with other gold mining companies, making it an appealing investment option for dividend-focused investors.

Production and Cost Guidance by Country
KGC's production and cost guidance by country provides valuable insights into the company's operational efficiency and cost management. The company's 2024 guidance includes approximately 6.5 million ounces of silver and a forecast gold equivalent production of 2.1 million ounces. KGC's production cost of sales from continuing operations is expected to be $1,020 per ounce, while its all-in sustaining cost is forecasted at $1,360 per ounce. These figures demonstrate KGC's ability to manage its costs effectively and maintain a competitive position in the gold mining industry.


In conclusion, Kinross Gold Corporation (KGC) is a cheap stock to buy under $10, given its attractive production cost and AISC, geographical diversification, dividend payouts, and competitive production and cost guidance. By investing in KGC, investors can gain exposure to the gold mining industry while benefiting from the company's strong fundamentals and growth prospects.