• Kinross Gold average gross margin for 2023 was 20.55%, a 15.13% increase from 2022.
• Kinross Gold average gross margin for 2022 was 17.85%, a 60.53% increase from 2021.
• Kinross Gold average gross margin for 2021 was 45.22%, a 0.13% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.