Kinross shares down more than 10% after lowering gold production forecast - CP24

AI desk brief

Kinross lowered full-year 2026 and 2027 attributable production guidance to 1.84-1.86 million gold-equivalent ounces per year, now two to three per cent below the low end of prior guidance, after extreme winter storms hit La Coipa in Chile and lower grades/recoveries weighed on Round Mountain in Nevada. The production cut is a modestly supportive supply-side signal for gold, even as it pressured Kinross shares, which fell about 11% to C$34.60.