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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Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Kinross Gold (TSX:K) Stock Q3 Results Highlight Cash Flow And Project Risk
Kinross Gold shares fell about 12% over the past month and 5% over the past week, closing at CA$30.16. In Q3 2026, revenue was US$1,774.7m (down 1.5% year on year), net income excluding extra items was US$583.2m (down 0.3%), basic EPS rose 1.9% to US$0.49, and gold production was 15.31 troy ounces (down 2.3%). The company generated over US$1.8b of free cash flow in nine months, held US$2.6b in cash, and was upgraded to BBB by S&P, while management raised its shareholder return target to 50% of free cash flow. The article notes execution risk remains for long-dated projects: Great Bear targets first production in late 2029 with capital needs higher than initial PEA estimates, while Lobo Marte's Environmental Impact Assessment is under review and only early works spending is planned for 2027.
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Kinross Gold (KGC) reported third-quarter earnings of $583.2 million, or 49 cents per share, and adjusted earnings of 50 cents per share, above the 46-cent average estimate of seven analysts. Revenue for the period was $1.77 billion.
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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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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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