Kinross Gold Shares Fall After Lowering Production Guidance

MT Newswires Live02:34

Kinross Gold (KGC) shares were down over 12% in Thursday trading after the company lowered its production guidance.

Late Wednesday, the firm said it now expects production for 2026 and 2027 to be 2% to 3% below the low end of its prior guidance.

"The change...is concentrated at two smaller assets, La Coipa and Round Mountain, and is the result of extreme weather and operational challenges," the company said.

Still, Kinross said it is increasing its return of capital target to 50% from 40% of free cash flow for 2026 on the back of strong cash flow outlook and balance sheet strength.

Price: 24.14, Change: -3.49, Percent Change: -12.62

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