Kinross Q2 2026 earnings rise on higher realized gold price, wider margins, company says - KGC News | RalliesKinross Q2 2026 earnings rise on higher realized gold price, wider margins, company says
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KGC• Kinross reports higher Q2 earnings on stronger gold prices
- Kinross posted Q2 2026 net earnings of USD 844.2 million, up from USD 530.7 million, as gold prices lifted margins.
- Metal sales rose 29% to USD 2.24 billion as realized gold price climbed 37% to USD 4,483/oz, despite lower volumes.
- Gold equivalent ounces sold fell 5% to 499,035, reflecting lower production across several U.S. sites, partly offset by stronger output at Tasiast.
- Production cost of sales increased 19% to USD 674.7 million, driven by higher fuel, royalties tied to gold prices, labor, and reagents.
- Operating cash flow rose to USD 1.15 billion; capital spending increased to USD 411 million, lifting cash to USD 2.66 billion.
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