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Side-by-side financial comparison of KINROSS GOLD CORP (KGC) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

PAN AMERICAN SILVER CORP is the larger business by last-quarter revenue ($2.8B vs $2.5B, roughly 1.1× KINROSS GOLD CORP).

Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

KGC vs PAAS — Head-to-Head

Bigger by revenue
PAAS
PAAS
1.1× larger
PAAS
$2.8B
$2.5B
KGC

Income Statement — Q3 2023 vs Q3 2022

Metric
KGC
KGC
PAAS
PAAS
Revenue
$2.5B
$2.8B
Net Profit
Gross Margin
7.3%
27.0%
Operating Margin
Net Margin
Revenue YoY
Net Profit YoY
EPS (diluted)
$-1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KGC
KGC
PAAS
PAAS
Q3 23
$2.5B
Q2 23
$2.5B
Q1 23
$683.5M
Q3 22
$210
$2.8B
Q2 22
$437
Q1 22
$453.9M
Gross Margin
KGC
KGC
PAAS
PAAS
Q3 23
7.3%
Q2 23
7.3%
Q1 23
12.7%
Q3 22
27.0%
Q2 22
96.3%
Q1 22
16.8%
EPS (diluted)
KGC
KGC
PAAS
PAAS
Q3 23
Q2 23
Q1 23
Q3 22
$0.05
$-1.05
Q2 22
$-0.01
Q1 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KGC
KGC
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
$418.1M
Total DebtLower is stronger
$751.5M
Stockholders' EquityBook value
Total Assets
$10.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KGC
KGC
PAAS
PAAS
Q3 23
$418.1M
Q2 23
$418.1M
Q1 23
$418.1M
Q3 22
$532
Q2 22
$532
Q1 22
$532
Total Debt
KGC
KGC
PAAS
PAAS
Q3 23
$751.5M
Q2 23
$751.5M
Q1 23
$751.5M
Q3 22
$741
Q2 22
$741
Q1 22
$741
Total Assets
KGC
KGC
PAAS
PAAS
Q3 23
$10.4B
Q2 23
$10.4B
Q1 23
$10.4B
Q3 22
$10.4K
Q2 22
$10.4K
Q1 22
$10.4K

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KGC
KGC
PAAS
PAAS
Operating Cash FlowLast quarter
$649.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KGC
KGC
PAAS
PAAS
Q3 23
$649.0M
Q2 23
$462.3M
Q1 23
$180.3M
Q3 22
$680
Q2 22
$529
Q1 22
$241

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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