Quarterly ResultJul 29, 2026, 05:02 PM
Kinross Gold Q2 Production 492K Au eq. oz; FCF $727M; Net Earnings $844M
AI Summary
Kinross Gold reported strong second-quarter 2026 results, with production of 492,326 gold equivalent ounces and attributable free cash flow of $726.8 million. The company achieved reported net earnings of $844.2 million, or $0.71 per share, driven by a 29% increase in revenue and 42% higher margins. Kinross is on track to meet its annual guidance and continues to return capital to shareholders, having repurchased $480 million in shares year-to-date. Additionally, the company provided positive updates on its development pipeline, including the Lobo-Marte project, and announced a new COO and Board appointment.
Key Highlights
- Q2 2026 production was 492,326 gold equivalent ounces.
- Attributable free cash flow reached $726.8 million in Q2 2026.
- Reported net earnings were $844.2 million, or $0.71 per share.
- Revenue increased 29% year-over-year to $2,238.1 million.
- Margins increased 42% to $3,131 per gold equivalent ounce sold.
- Cash and cash equivalents stood at $2.7 billion as of June 30, 2026.
- Returned approximately $615 million to shareholders year-to-date.
- Lobo-Marte project has an estimated NPV of $4.3 billion.
Price Impact
More from KGC