Quarterly ResultJul 29, 2026, 05:02 PM
Kinross Reports Strong Q2 2026 Earnings $0.71/Share, Free Cash Flow $726.8M
AI Summary
Kinross Gold reported strong second-quarter 2026 results with reported earnings of $0.71 per share and attributable free cash flow of $726.8 million. The company saw a 29% increase in revenue to $2,238.1 million and returned over $275 million to shareholders in Q2, totaling $615 million year-to-date. Kinross also provided a positive update on its Lobo-Marte project, appointed a new COO, and added a new director to its Board.
Key Highlights
- Reported earnings of $0.71 per share, with adjusted net earnings of $847.8 million.
- Attributable free cash flow increased to $726.8 million in Q2 2026.
- Revenue rose 29% year-over-year to $2,238.1 million.
- Returned over $275 million to shareholders in Q2, totaling $615 million year-to-date.
- Lobo-Marte project update highlights $4.3 billion NPV and $1,000/oz AISC.
- Cash and cash equivalents increased to $2.7 billion, with net cash of $1.9 billion.
- Bernard Wessels appointed Chief Operating Officer, succeeding Claude Schimper.
- Alice Wong appointed to the Board of Directors.
Price Impact
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