Kinross Gold is trading at CA$34.89, down 10.33%, after reducing its 2026 and 2027 attributable production outlook to approximately 1.84–1.86 million gold equivalent ounces annually, 2%–3% below the low end of previous guidance. - The change reflects extreme weather at La Coipa and operational challenges at Round Mountain, including lower mining rates, grades, and recoveries. - The company-specific decline outweighs broader materials-sector strength; shares opened sharply lower and remain under significant intraday selling pressure.