Kinross Gold is trading 9.68% down now at $24.95 after lowering its 2026 and 2027 production outlook.
- The company now expects approximately 1.84–1.86 million gold-equivalent ounces annually, 2%–3% below prior guidance, reflecting extreme weather at La Coipa in Chile and operational challenges at Round Mountain.
- Higher costs and expected third-quarter production of approximately 425,000 ounces added pressure.
- The company raised its 2026 shareholder-return target to 50% of free cash flow.