Kinross Gold is trading 5.17% down at $23.76 as falling gold prices and a risk-off backdrop pressure the shares.
- Reuters reported spot gold fell 2.7% on September 28, as higher oil prices stoked inflation concerns and strengthened expectations of further Federal Reserve rate hikes.
- On September 23, Kinross said 2026 and 2027 production would be 2% to 3% below the low end of prior guidance, citing weather and operating challenges.