Kinross Gold (BUE:KGC) Construction In Progress : ARS36,228 Mil (As of Mar. 2024)

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What is Kinross Gold Construction In Progress?

Kinross Gold's quarterly construction in progress declined from Sep. 2023 (ARS18,092 Mil) to Dec. 2023 (ARS14,260 Mil) but then increased from Dec. 2023 (ARS14,260 Mil) to Mar. 2024 (ARS36,228 Mil).

Kinross Gold's annual construction in progress increased from Dec. 2021 (ARS4,625 Mil) to Dec. 2022 (ARS10,076 Mil) and increased from Dec. 2022 (ARS10,076 Mil) to Dec. 2023 (ARS14,260 Mil).

Kinross Gold Construction In Progress Historical Data

The historical data trend for Kinross Gold's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kinross Gold Construction In Progress Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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902.58

740.56

4,625.34

10,075.77

14,259.50

Kinross Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															-	15,312.00	18,092.42	14,259.50	36,227.50

Kinross Gold Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Kinross Gold (BUE:KGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (BUE:KGC) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

KGC:USA 0R2D:UK KIN2:Germany K:Canada

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.