5 Best Gold Stocks to Buy in 2021

4. Kinross Gold Corporation (NYSE: KGC)

No. of Hedge Fund Holders: 36

The Toronto-based mining company operates silver and gold mines in Mauritania, Ghana, Chile, Ecuador, Brazil, Russia, Canada, and the U.S. Jim Simons’ Renaissance Technologies was one of its top investors with over 38 million shares. Kinross reported that it produced roughly 624k ounces of gold in Q4 2020 and 2.4 million ounces for the entire year. The company issued a dividend of US$0.03 per common share for Q4 2020.

• The company’s production cost of sales per equivalent ounce in Q4 was $682 per equivalent ounce of gold and $723 equivalent ounces for the full year.
• Kinross had 30 million gold ounces in mineral reserves in 2020, representing an increase of 5.7 million ounces of gold, equivalent to 23% YoY gain.
• The company is currently developing various projects, including Tasiast 24k, Udinsk, Fort Knox Gilmore, and Peak. It commenced pre-stripping at the La Coipa mine earlier this year, with production set to commence next year, and a feasibility study is ongoing at Lobo-Marte. In 2020, Kinross made progress in advancing high-quality and diversified project pipeline, also adding 5.7 million gold ounces to its mineral reserve estimates after depletion.