KINROSS GOLD CORP

Kinross Gold Corporation announced that S&P Global Ratings upgraded its long-term issuer credit rating and issue-level rating on unsecured debt to 'BBB' from 'BBB-', with a stable outlook. S&P highlighted Kinross' improved credit measures, strong cash flow, and debt reduction. The company's CFO noted an exceptional financial position, including a $1.9 billion net cash position and $4.4 billion in total liquidity as of June 30, 2026, alongside $1.4 billion returned to shareholders since January 2025.

S&P Global Ratings has upgraded Kinross Gold Corporation's long-term issuer credit rating and its issue-level rating on unsecured debt to 'BBB' from 'BBB-', with a stable outlook. S&P noted Kinross's meaningfully improved credit measures, supported by solid cash flow and debt reduction. Kinross's CFO highlighted the company's strong financial position, including a $1.9 billion net cash position and approximately $4.4 billion in total liquidity as of June 30, 2026, and $1.4 billion returned to shareholders since January 2025.

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.

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.

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.

Kinross Gold provided an updated feasibility study for its Lobo-Marte project in Chile, revealing robust economics with an estimated Net Present Value (NPV) of $4.3 billion and an Internal Rate of Return (IRR) of 26% at a $4,100 per ounce gold price. The project is expected to contribute approximately 350,000 gold ounces of average annual production over an initial 15-year operating life, with a low all-in sustaining cost (AISC) of about $1,000 per ounce. Permitting and engineering are advancing, targeting first gold production in the early 2030s, with initial capital expenditures of $1.8 billion.

Kinross Gold Corporation announced that its Board of Directors has declared a dividend of US$0.04 per common share for the second quarter of 2026. The dividend is scheduled for payment on September 3, 2026, to shareholders who are on record as of the close of business on August 20, 2026. This dividend is designated as an "eligible dividend" for Canadian income tax purposes, while non-resident investors will incur Canadian non-resident withholding taxes.

Kinross Gold Corporation announced it will release its financial statements and operating results for the second quarter of 2026 on Wednesday, July 29, 2026, after market close. The company will host a conference call and audio webcast to discuss these results on Thursday, July 30, 2026, at 8:00 a.m. EDT, followed by a question-and-answer session. Details for accessing the call and webcast, including replay information, were provided.

Kinross Gold Corporation has published its 2025 Sustainability Report, detailing strong performance across its Sustainability Strategy focused on People, Planet, and Efficiency. The company generated $4.9 billion in economic benefits to host countries in 2025, contributing to a cumulative $58 billion since 2010. Kinross maintained high standings in sustainability ratings and demonstrated strong governance, including a 55% waste recycling rate and significant energy efficiency savings.

Kinross Gold Corporation announced the publication of its 2025 Sustainability Report, highlighting strong performance across core sustainability metrics. The company maintained its high standing in S&P Corporate Sustainability Assessment and was included in the Dow Jones Best in Class World Index. The report details achievements in its People, Planet, and Efficiency focus areas, including increased female representation, significant economic contributions to host countries, and substantial energy efficiency savings.