Kinross Gold management commentary attributes 53% rise in nine-month 2026 net earnings to higher gold prices and margins

(AWP Alliance News) - Kinross Gold management's commentary attributed broadly flat third-quarter 2026 net earnings of USD 583.2 million to comparable gross profit, with lower minority shareholder earnings offsetting a prior-year investment gain. A 23% rise in the average realized gold price to USD 4,249 per ounce offset lower sales volumes.

Attributable production fell 16%, reflecting planned declines at Fort Knox and Bald Mountain alongside weather and ore-processing setbacks at La Coipa and mining challenges at Round Mountain. Production cost of sales rose 5% to USD 627.2 million, mainly because of higher energy, contractor and reagent costs.

Operating cash flow declined 30% to USD 714.4 million as working capital changes, higher tax payments and weaker margins weighed on cash generation.

https://www.sec.gov/Archives/edgar/data/701818/000110465926119698/00011…

Disclaimer: This news brief was created using generative artificial intelligence. Kinross Gold Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission, on October 28, 2026, and is solely responsible for the information contained therein.