Canada's Kinross Gold Q3 revenue falls on lower production
KGC•Kinross Gold's Q3 revenue fell 2% year over year on lower production. The company raised its 2026 return-of-capital commitment to 50% of free cash flow and reported $1.77 billion in metal sales and $281.3 million in free cash flow.
1. Quarterly results
Kinross Gold said Q3 production fell due to planned lower output from Fort Knox and Bald Mountain, and reduced production at La Coipa and Round Mountain. Metal sales were $1.77 billion, adjusted net income was $591.3 million and free cash flow was $281.3 million.
2. Capital returns and outlook
The company increased its 2026 return-of-capital commitment to 50% of free cash flow and said it remains on track for its updated 2026 guidance. It also targets first production at Lobo-Marte in the early 2030s.
