Kinross Gold reported Q3 2026 net income of $583.2 million, with earnings per share edging higher year on year, while gold equivalent production fell in the quarter and the first nine months. The company affirmed a $0.04 quarterly dividend payable in December 2026 and raised its commitment to return 50% of full-year free cash flow to shareholders. Between July and late October, it repurchased about 20.6 million shares for roughly $568.7 million. The analyst model projects revenue growth of 3.6% a year over three years, while profit margins ease from 37.6% to 33.3%, and consensus earnings reach $3.1 billion by 2029 versus $3.2 billion today, with forecasts ranging from $2.7 billion to $3.9 billion.
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Kinross Gold Corporation (TSX: K; NYSE: KGC) said its Board of Directors has declared a dividend of US$0.04 per common share for the third quarter of 2026. The dividend is payable on December 3, 2026, to shareholders of record at the close of business on November 19, 2026. It qualifies as an "eligible dividend" for Canadian income tax purposes, while dividends paid to non-resident shareholders will be subject to Canadian non-resident withholding tax. Kinross is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile and Canada.
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Kinross Gold (KGC) shares fell 6.8% on Friday while the S&P 500 lost 1.8%, after the company's third-quarter earnings call a day earlier. Peers also declined and gold slid to its lowest price in a year, with the SPDR Gold Shares fund down 3.5%. Management said the quarter was in line with its updated plan, producing 425 thousand ounces of gold, and the company remains on track for its 2026 guidance of 1.84 million to 1.86 million ounces. Revenue fell 1.5% from a year earlier to $1.77 billion, while adjusted EPS rose to $0.50 from $0.44; free cash flow dropped to $275 million from $712 million, largely due to working capital, mainly a build-up of short-term stockpiles at Manh Choh. Kinross bought back 8.6 million shares for $230 million during the quarter, and the stock has fallen 31.7% since May 1, closing at $20.13, its lowest level in a year.
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Kinross Gold is scheduled to report third-quarter 2026 results after the close on Oct. 28, with the Zacks Consensus revenue estimate at $2,080.6 million, up 15.5% from a year earlier. The company has beaten the Zacks earnings consensus in each of the last four quarters, with an average surprise of 11.7%. Gold closed the quarter at about $4,150 an ounce, roughly 8% higher year over year, and the article estimates KGC's average realized gold price at $4,138, up 19.6%. Higher costs are expected to weigh: second-quarter attributable all-in-sustaining costs were $1,821 per ounce, up 22% from a year earlier, reflecting higher fuel, royalty and labor costs. Over the past year, KGC shares have declined 2%, while the Zacks Mining – Gold industry rose 13.7%.
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