S&P Global Ratings upgraded Kinross Gold Corporation’s long-term credit rating to BBB. This is an increase from the previous BBB- rating. The agency assigned a stable outlook based on improved credit measures. Strong cash flow from higher gold prices and a debt reduction strategy drove the upgrade.
Kinross reported a net cash position of approximately $1.9 billion as of June 30, 2026. Total liquidity reached approximately $4.4 billion by the same date. S&P expects the company to maintain its net cash position and competitive cost profile. The company continues to advance its project pipeline under the stable outlook.