Kinross cuts production outlook by 2–3% - Mining.com.au

AI desk brief

Kinross Gold cut its 2026 and 2027 production outlook to 1.84–1.86Moz attributable gold-equivalent ounces, about 2–3% below the low end of prior guidance, mainly due to issues at La Coipa in Chile and Round Mountain in Nevada. Q3 attributable output is still seen at roughly 425koz, while cost guidance rises to US$1,420–US$1,460/oz sold and AISC to US$1,850–US$1,900/oz.

Management said total operating and capex remains on track despite higher oil prices, and lifted its shareholder-return target to 50% of 2026 free cash flow from 40%, after returning about US$800m in 2026 so far. Paracatu and Tasiast remain on track for a combined 1.1Moz for a fifth straight year, while Great Bear and Lobo-Marte are also said to remain on schedule.