Quarterly ResultJul 29, 2026, 05:12 PM
Kinross Gold Q2 EPS $0.71 (+65%), Metal Sales $2.24B (+29%)
AI Summary
Kinross Gold reported strong second-quarter 2026 results with net earnings per share increasing 65% to $0.71 and metal sales rising 29% to $2.24 billion, driven by a 37% increase in realized gold prices. Attributable free cash flow grew 12% to $726.8 million. The company is on track to meet its annual guidance for 2026 and provided updates on key projects including Lobo-Marte, Great Bear, Round Mountain Phase X, Curlew, and Bald Mountain Redbird. Additionally, Bernard Wessels was appointed Chief Operating Officer.
Key Highlights
- Net earnings per share (basic and diluted) increased 65% to $0.71 in Q2 2026.
- Metal sales rose 29% to $2.24 billion in Q2 2026, driven by higher gold prices.
- Attributable free cash flow increased 12% to $726.8 million in Q2 2026.
- Average realized gold price per ounce was $4,483 in Q2 2026, up 37%.
- Attributable all-in sustaining cost per equivalent ounce sold increased 22% to $1,821 in Q2 2026.
- Bernard Wessels appointed Chief Operating Officer, succeeding Claude Schimper.
- Lobo-Marte project reaffirmed with potential for 350,000 gold ounces/year at $1,000 AISC.
- Company is on track to meet its 2026 annual guidance for production, costs, and capital expenditures.
Price Impact
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