Kinross Gold Corporation (KGC) Asserts Status as one of Goldman Sachs top Gold Stock Picks

Kinross Gold Corporation (NYSE:KGC) is one of Goldman Sachs top gold stock picks. On April 22, it became clear that Peak Gold Joint Venture, in which Kinross Gold Corporation (NYSE:KGC) owns a 70% stake, has achieved significant milestones. For starters, 5,900 meters of underground drilling have already been completed at the Lucky Shot project, with an additional 12,100 meters of surface and underground drilling in the pipeline.

The development of the gold project is part of a $21 million investment designed to support a feasibility study due in the first half of 2027. On the other hand, the Johnson Tract project, as part of the joint venture, also has a 2026 budget of $26 million. Some key milestones for the project include construction of a 3-mile access road, winterization of camp facilities and equipment, and mobilization for the portal site.

At the Kitsault project, as part of the joint venture with Kinross Gold, expect a new mineral estimate by the end of the second quarter, followed by a 40,000-meter surface drilling program. The project is supported by $25 million, with plans to infill known resources at multiple sites.

Kinross Gold Corporation (NYSE:KGC) is a Toronto-based senior gold mining company that acquires, explores, develops, and operates gold mines primarily in the Americas and West Africa. It produces and sells gold and silver, with key operations in the United States, Brazil, Chile, and Mauritania, while focusing on operational, environmental, and social responsibility.

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