Kinross Gold is trading 4% down at CA$40.08 after hotter-than-expected August U.S. producer inflation increased expectations for higher-for-longer interest rates.
- The S&P 500, Nasdaq, and Dow were also down more than 0.5%.
- Spot gold fell 1.39% to $4,340.78 after the PPI release.
- Kinross has a UBS Global Materials Conference scheduled for September 10; no company-specific adverse announcement was identified.