Kinross reports 2026 third-quarter results
Key Highlights
- ➤Adjusted net earnings $591.3M, or $0.50 per share, versus $529.6M year-over-year
- ➤Production 424,693 Au eq. oz., down from 503,862 ounces year-over-year
- ➤2026 return-of-capital commitment increased to 50% of free cash flow
- ➤$710M shares repurchased through September; approximately 5% bought back since April 2025
- ➤First gold poured at Bald Mountain Redbird 1 in early October
- ➤Cash $2.6B and net cash $1.9B as of September 30, 2026
Expert Statements
J. Paul Rollinson, CEO of Kinross Gold Corporation
“Kinross' portfolio demonstrated its resilience in Q3. Our largest operations, Paracatu and Tasiast, continued to make significant contributions and we maintained disciplined cost management. We remain on track for our updated guidance, supported by operational improvements at Round Mountain and La Coipa. We are focused on maintaining this momentum and driving continuous improvement across our operations.”
J. Paul Rollinson, CEO of Kinross Gold Corporation
“We continue to make strong progress across our development pipeline. At Great Bear, AEX underground development is well underway and AEX surface construction is substantially complete. Round Mountain Phase X and Curlew are advancing well, and first gold was poured at Redbird in early October. At Lobo-Marte, permitting continues to progress and detailed engineering has commenced. These projects underpin our grade enhancement strategy and, together with the opportunities across our significant resource inventory, contribute to our long-term production profile.”
J. Paul Rollinson, CEO of Kinross Gold Corporation
“Our strong financial position and ability to generate significant free cash flow provide us with flexibility to advance these opportunities while continuing to return robust capital to shareholders. During the quarter, we increased our 2026 return of capital target to 50% of full-year free cash flow and have returned over $950 million to shareholders year-to-date. Since April 2025, we have repurchased approximately 5% of our shares outstanding.”
J. Paul Rollinson, CEO of Kinross Gold Corporation
“Looking ahead, we remain focused on optimizing our cash flow across the business and allocating capital in a disciplined manner to advance our project pipeline, deliver operational excellence and maximize shareholder value.”
On track for updated guidance Grade enhancement projects advancing well, first gold poured at Redbird Return of capital increased to 50%, repurchased 5% of shares since April 2025
TORONTO, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the third quarter ended September 30, 2026. (This news release contains forward-looking information about expected future events and financial and operating performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on pages 22 and 24 of this release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.)
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