Top 10 Gold Stocks with Dividends

5. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Funds Holders: 39

Kinross Gold Corporation (NYSE:KGC), a prominent gold producer, specializes in the exploration, acquisition, and development of gold properties across Brazil, Canada, Mauritania, the United States, and Chile.

Kinross, while maintaining cost discipline, generated over 2.1 million gold ounces, delivering a strong performance in 2024. Tasiasts and Paracatu are the company’s flagship operations, contributing to more than half of the total output, while Tasiasts achieved record throughput and production. By taking advantage of its strong operation margins that outplaced gold price increases, Kinross yielded record free cash flow surpassing $1.34 billion. It also set the stage for potential share buybacks in 2025 and solidified its balance sheet by fully repaying its $1 billion long-term loan.

Moreover, Kinross Gold Corporation (NYSE:KGC) declared a quarterly dividend of $0.03 per share, payable on March 20, 2025, reinforcing its commitment to shareholder returns. The company has continually paid a quarterly dividend of $0.03 per share since September 2020, totaling $0.12 per share annually. Kinross has been vigilant in share repurchases, previously canceling 17.6 million shares for $100.2 million under its normal course issuer bid program.

Furthermore, the company is investing in strategic opportunities to fuel its expansion. It has released an announcement of a private placement agreement to acquire 15.41 million shares of Relevant Gold Corp. for $4.62 million. This was announced on February 28, 2025. Kinross Gold Corporation (NYSE:KGC) will possess approximately 19.9% of Relevant Gold’s outstanding shares after this investment. This step aligns with Kinross’s strategy to reinforce its position in the gold exploration industry while assessing future opportunities.

In addition, by reaffirming its guidance of 2 million ounces annually through 2027, Kinross Gold Corporation (NYSE:KGC) preserves a stable outlook. Thus, the company is strongly positioned for future developments, as it has a robust pipeline of projects, including the Great Bear exploration and Red Bird pit development at Bald Mountain, placing it among the best gold stocks to buy.