12 Best Gold Stocks to Invest In According to Billionaires

3. Kinross Gold Corporation (NYSE:KGC)

Number of Billionaire Investors: 12

Number of Hedge Fund Holders: 42

The acquisition, exploration, and development of gold properties in the United States, Brazil, Chile, Canada, and Mauritania define Kinross Gold Corporation’s (NYSE:KGC) operations. In addition, the company manufactures silver and works on gold mining property reclamation. The $598.4 million that billionaires own in Kinross Gold shows how confident investors are in the company’s sound foundation and future expansion, helping it rank among the best gold stocks.

According to its yearly projection, Kinross Gold Corporation (NYSE:KGC) produced 512,000 gold equivalent ounces in Q1 2025 at a cost of sales of $10.38 per ounce. Strong free cash flow of $371 million and a decrease in net debt to $540 million were the results of this success. The company was able to achieve strong margins across its portfolio because of the favorable gold pricing environment. Kinross is still in a great financial position with a healthy cash position and $2.3 billion in total liquidity. The business plans to produce 2 million ounces over the course of the year, with an all-in sustaining cost of $15 per ounce and a cost of sales projection of $11.20 per ounce.

Adjusted operating cash flow of $676 million, attributable free cash flow of $371 million, and a cash position of $695 million are the financial highlights for the first quarter of 2025. A $500 million share repurchase program is also planned by Kinross Gold Corporation (NYSE:KGC), demonstrating its confidence in its financial stability. Risks include operational disruptions, shifting gold prices, and exploration difficulties, especially in new project locations, even in a good market scenario.

With a particular focus on brownfield projects, Kinross Gold Corporation (NYSE:KGC) is nevertheless committed to exploration at important locations including Tasiast and Paracatu. While acknowledging Kinross’s emphasis on producing net cash by the end of the year, CEO Paul Rollinson voiced confidence in the company’s production profile and cash flow generation.