News · Yahoo Finance

Kinross Gold's Q3 Earnings Beat Estimates on Higher Gold Prices

Kinross Gold (KGC) reported third-quarter 2026 adjusted earnings of 50 cents per share, up 13.6% from a year earlier and above the Zacks Consensus Estimate of 46 cents. Revenue fell 1.5% to $1.77 billion, missing the $2.08 billion consensus, as attributable gold-equivalent production dropped 15.7% to 424,693 ounces, even though the average realized gold price rose 22.8% to $4,249 per ounce. Attributable free cash flow declined to $281.3 million from $686.7 million, while capital expenditures rose 40.8% to $439.6 million. Kinross raised its 2026 shareholder return commitment to 50% of full-year free cash flow from 40%, and has returned more than $950 million through dividends and repurchases as of Oct. 28.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

goldminingearningsXAUUSD

Open a keyword to see other news on the same topic.

Related tickers and likely impact

PAXG/USDT

▲ Likely positive

PAX Gold

Relevance: low

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$1.7B
Close on 11/02/20263,952.77
Change that session+1.07%
PAXG/USDT price, forecasts and signals →

XAUT/USDT

▲ Likely positive

Tether Gold

Relevance: low

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$3.1B
Close on 11/02/20263,938.98
Change that session+1.16%
XAUT/USDT price, forecasts and signals →

XAU/USD

▲ Likely positive

Relevance: low

MarketGold
Close on 11/02/20263,946.68
Change that session+1.84%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • AEM Q3 Earnings Beat Estimates on Higher Gold Prices

    Agnico Eagle Mines (AEM) reported adjusted Q3 2026 earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.47 by 5.7%. Revenue rose 17.1% year over year to $3.58 billion, helped by realized gold prices averaging $4,264 per ounce, up 22.7%. Payable gold production fell 6.1% to 814,012 ounces, mainly due to lower output at Canadian Malartic and Meadowbank, while total cash costs per ounce rose 19% to $1,133. Free cash flow declined 28.4% to $852 million, and the company returned $478 million to shareholders. Agnico Eagle reaffirmed its 2026 guidance, expecting gold production near the lower end of its 3.3 to 3.5 million ounce range.

    Yahoo Finance·▲ XAU/USDgoldXAUUSDmining
  • Newmont Sinks 4%4 Despite Record Third-Quarter Profit as Gold Slides Back Toward $4,000

    Newmont (NEM) shares fell 4% today despite record third-quarter results, with adjusted EPS of $2.20 beating the $1.94 consensus by 13%. Gold slid nearly 3% on Thursday to about $4,020 an ounce, its lowest since early August, and briefly dipped below $4,000 this morning, dragging down the stock and the VanEck Gold Miners ETF (GDX). Newmont sold gold at an average of $4,317 an ounce in the quarter, but its 2026 guidance assumes $4,500, and fourth-quarter AISC is expected to rise to $1,900 an ounce as development spending on the Red Chris project increases by about $500 million next year. At $4,000 gold and $1,900 AISC, the company would keep about $2,100 an ounce, close to its 2025 level, though the author expects 2027–2028 estimates to drift lower if gold stays near $4,000. The author argues the selloff is overdone, with the stock trading around 11x forward earnings versus a five-year average of 16x.

    Yahoo Finance·▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDTgoldXAUUSDmining
  • Gold miners face margin pressure as lower prices complicate third-quarter results

    RBC Capital Markets says gold producers face a mixed third-quarter earnings season, as lower gold prices and higher costs pressure margins, partly offset by expected production gains. Average gold prices fell 6% quarter over quarter to $4,266 an ounce in Q3 from $4,513 in Q2, a second straight quarter of margin pressure. RBC stresses that execution through year-end matters, since many companies have production weighted to Q4. It also warns that consensus estimates for 2027 capital spending and costs look too low, raising the risk of downward revisions. Investors will focus on operational delivery and whether miners boost growth spending and acquisitions, though producers remain financially strong.

    Yahoo Finance·▼ PAXG/USDT▼ XAUT/USDT▼ XAU/USDgoldminingearnings
  • RBC flags downside risks for gold shares ahead of quarterly results

    RBC Capital Markets expects a mixed third-quarter reporting season for gold producers, as average gold prices fell 6% quarter on quarter to US$4,266 an ounce, a second consecutive quarterly decline, while elevated energy prices add to costs. RBC expects modest production gains and slightly lower all-in sustaining costs for the producers it covers, though inflation will limit the benefit. Its main risk lies in 2027 forecasts, where it expects all-in sustaining costs to rise 4% and capital expenditure 16%, above consensus of no cost growth and an 8% rise in capital spending, citing higher energy and labour costs, possible lower ore grades and more discretionary spending. Producers remain financially strong, with many in net cash and near-record free cash flow, and RBC sees valuations as 'reasonable' at 1.1 times price to net asset value, with free cash flow yields of 6% to 7% for 2026 and 2027. However, it warns that weaker gold prices, elevated earnings expectations and execution risks could weigh on shares.

    Yahoo Finance·▼ XAU/USDXAUUSDgoldmining
  • Gold Has Cooled From Its First-Quarter Record, Yet Miners Still Sold Ounces at Prices More Than 20% Above Last Year

    Gold's third-quarter average was $4,262 an ounce, about 23% above the same quarter of 2025, but it has fallen for two straight quarters from a first-quarter record of $4,872.90. The LBMA Gold Price PM was $3,913.25 on October 30. The World Gold Council linked September's decline to rising Treasury yields and the U.S. dollar after the Fed's rate increase, though the 10-year yield has since eased from 5.29% to 4.94%. Buying has held up, with gold-backed ETFs taking in a record $31 billion in the third quarter and central banks buying 289 tonnes in the second quarter. Four gold miners reported realized prices more than 20% above a year earlier.

    Yahoo Finance·• XAU/USD• PAXG/USDT• XAUT/USDTgoldXAUUSDmining
  • China reports sharp increase in gold, nickel and strategic minerals - Xinhua

    China reported sharp increases in its gold, nickel and other strategic mineral reserves after a nationwide reassessment, according to Xinhua. Rhenium resources rose more than 200%, while gold and nickel reserves grew by amounts equal to 50 and 30 large deposits, respectively. The yearlong survey covered 17 strategic minerals at more than 1,800 operating mines and mining areas across 27 provinces, autonomous regions and municipalities, including associated and lower-grade deposits. Separately, China found its first paleofluvial-lacustrine zircon placer deposit in Baicheng, Xinjiang, which could substantially boost domestic zircon supply. The increases reflect revised resource estimates rather than necessarily new discoveries.

    Yahoo Finance·• PAXG/USDT• XAUT/USDT• XAU/USDgoldXAUUSDChina

Related markets

Crypto →Gold →

Latest news

  • Vietnam's GDP could grow up to 11%, public debt among the lowest in the world

    Standard Chartered, in a report published on 30/10, kept its Vietnam GDP growth forecasts at 9.5% for 2026 and 11% for 2027, and raised its 2028 forecast from 6.7% to 9.1%. The bank cites fiscal and monetary policy, strong FDI inflows, and rising domestic consumption and investment as support. It raised its inflation forecasts for 2026 from 4.4% to 4.7% and for 2027 from 3.3% to 3.9%, and cut its 2028 forecast from 5.5% to 3.7%. Its estimate for foreign exchange reserves is about US$83 billion. The article also cites IMF's October 2026 WEO forecasts of 8.4% GDP growth for 2026 and 7.5% for 2027, and a public debt ratio of 28.3% of GDP for 2026, placing Vietnam among the 20 economies with the lowest public debt worldwide.

    CafeF·▲ VNINDEXGDP growthVietnaminflation
  • This indicator has triggered just 5 times since 2000 — and it warns of a trap for stocks

    The article says the current market setup is more vulnerable than in previous drawdowns, as rising inflation limits central banks' ability to cut rates and reflate asset prices. The macro research house suggests reducing stock exposure and adding bonds and cash.

    MarketWatch·▼ SPYSPYinflationinterest rates
  • Micron, Nvidia, and AMD lead chip stocks rebound

    Semiconductor stocks rose in premarket trading on Tuesday, with the PHLX Semiconductor Index (^SOX) higher. Micron gained 4%, partly reversing Monday's 7% drop, while Nvidia and AMD rose 2% and 4%. AMD recovered some of its 7% loss from the prior session ahead of quarterly results due after Tuesday's close. Intel rose 4% after an 8% drop on Monday. According to Yahoo Finance calculations, chip and memory stocks have lost about $3.7 trillion in market value since Oct. 6. The article links the sector's recent weakness to concerns over AI spending and neocloud debt.

    Yahoo Finance·▲ NVDA▲ QQQNVDAQQQsemiconductors
  • Apple tried to 'sit out' AI, and now it's paying the price

    Luke Kawa of Sherwood News and the show's hosts discuss Apple's latest quarterly earnings. He argues Apple has largely sat out the AI boom, and that slowing Google search trends are now showing up in Apple's results and weighing on its services business. China revenue missed expectations by about $1 billion, and the guidance was seen as the key takeaway, since the weaker news came on the call rather than in the press release. Turnus, leading his first earnings call, said memory prices are unprecedented and expected to rise further in the December quarter, and that Apple's memory purchasing obligations increased by 33 billion between the June and September quarters. After hours, Apple shares fell while semiconductor stocks rose.

    Yahoo Finance·▼ AAPLAAPLartificial intelligenceearnings
  • Ethereum Privacy Network Aztec Rolls Out Major Security and Speed Upgrade

    Aztec, the privacy-focused layer-2 network on Ethereum, has launched the Aztec Tierra upgrade (Alpha V6), which fixes a critical vulnerability from the previous version and adds security hardening, including AI-powered security testing and formal verification of core cryptographic components. A new architecture cuts Ethereum-to-Aztec message delivery from an average of two minutes to as little as 12 seconds, while private transactions now generate client-side proofs in about one second on a standard device, twice as fast as before. The upgrade brings private apps for payments, trading, AI and social, led by zk.money, which Aztec Labs revived this year.

    Decrypt·cryptoEthereumprivacy
  • Enterprise AI spending exploded in 2026: Report

    According to a Menlo Ventures report, enterprises have spent $176.8 billion on AI services year to date, 5.4 times the $33 billion spent through 2025. About 69% of that revenue went to Anthropic, Google and OpenAI, based on a survey of roughly 400 US enterprise decision-makers. The share of companies using AI rose from 55% to 65%, and the report attributes the sharp rise in spending largely to AI agents running longer and more complex tasks. Agents account for 80% of all AI tokens generated, roughly 7 times that of humans, based on OpenRouter data. So far in 2026, coding accounts for 44% of enterprise AI spending and chatbots 32%, while healthcare takes 5% and customer success 3%.

    Yahoo Finance·▲ GOOGL▲ MSFT▲ NVDA▲ AMZNartificial intelligencebusinessesAnthropic

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.