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KINROSS GOLD (KGC)

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Recent press releases and 8-K filings for KGC.

Kinross Gold Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance and Project Updates
KGC
Earnings
Guidance Update
Share Buyback
  • Kinross Gold reported record free cash flow generation of $769 million in Q4 2025 and $2.5 billion for the full year, ending 2025 with approximately $1 billion of net cash.
  • The company achieved its 2025 production guidance of just over 2 million ounces and maintained cost control, with full-year adjusted earnings of $1.84 per share.
  • For 2026, Kinross Gold is guiding for 2 million ounces of production and $1,730 per ounce in all-in sustaining costs, with a $1.5 billion capital expenditure plan.
  • Kinross is advancing three high-quality U.S. growth projects expected online in 2028 and the Great Bear project, targeting first production in late 2029, to extend mine life and enhance future production.
  • The company plans to return 40% of free cash flow to shareholders in 2026 through dividends and systematic share repurchases, building on approximately $1.5 billion returned in 2025.
Feb 19, 2026, 1:00 PM
Kinross Gold Announces Strong Q4 and Full-Year 2025 Results, Project Advancements
KGC
Earnings
Guidance Update
New Projects/Investments
  • Kinross Gold reported record free cash flow of $769 million in Q4 2025 and $2.5 billion for the full year 2025, strengthening its balance sheet to approximately $1 billion of net cash and repaying $700 million of debt.
  • The company achieved full-year 2025 production of just over 2 million ounces and provided 2026 production guidance of 2 million ounces, with cost of sales guided at $1,360 per ounce and all-in sustaining costs at $1,730 per ounce for 2026.
  • Kinross is projecting capital expenditures of $1.5 billion for 2026, with $1.05 billion non-sustaining and $450 million sustaining.
  • The company is advancing its project pipeline, including proceeding with construction of three high-quality organic growth projects in the U.S. and progressing the Great Bear project, which received the Ontario 1P1P permitting framework designation.
Feb 19, 2026, 1:00 PM
Kinross Gold Reports Strong 2025 Results and Provides Stable Multi-Year Outlook
KGC
Earnings
Guidance Update
New Projects/Investments
  • Kinross Gold reported a strong 2025, achieving just over 2 million ounces in production and $2.5 billion in record free cash flow for the full year.
  • The company reaffirmed a stable production outlook of 2 million ounces annually for 2026, 2027, and 2028, with 2026 all-in sustaining costs guided at $1,730 per ounce and capital expenditures at $1.5 billion.
  • Kinross is advancing three U.S. organic growth projects (Phase X, Curlew, Redbird 2) expected to come online in 2028, adding over 3 million ounces of production, and the Great Bear project is on track for first production in 2029.
  • For 2026, the company plans to return approximately 40% of free cash flow to shareholders through dividends and share repurchases, with the annual dividend increased by 33%.
Feb 19, 2026, 1:00 PM
Kinross Reports Record 2025 Financial Results and Provides 2026 Guidance
KGC
Earnings
Guidance Update
Dividends
  • Kinross reported record free cash flow of $2.5 billion and record reported net earnings of $2,390.1 million ($1.96 per share) for full-year 2025.
  • The company returned $752.4 million to shareholders in 2025, including $600.3 million in share repurchases. Kinross is targeting 40% of free cash flow for return of capital in 2026 and increased its quarterly dividend by an additional 14% to $0.04 per common share.
  • Kinross strengthened its balance sheet with a net cash position of $1.0 billion and total liquidity of $3.5 billion as of December 31, 2025, having repaid $700 million in debt during the year.
  • The company met its 2025 production guidance of 2.0 million Au eq. oz. and forecasts stable production of 2.0 million Au eq. oz. for 2026. Attributable all-in sustaining costs were $1,571 per Au eq. oz. in 2025, with a forecast of $1,730 per Au eq. oz. for 2026.
Feb 18, 2026, 10:18 PM
Kinross Gold Reports Strong 2025 Financial Results Driven by Higher Gold Prices
KGC
Earnings
Revenue Acceleration/Inflection
  • Kinross Gold Corporation reported net earnings attributable to common shareholders of $2,390.1 million, or $1.96 per share, for the year ended December 31, 2025, marking a 152% increase from 2024.
  • Metal sales surged 37% to $7,051.1 million in 2025, primarily driven by a 43% rise in the average realized gold price to $3,423 per ounce, despite a 5% decrease in total gold equivalent ounces produced.
  • The company generated $3,760.5 million in net cash flow from operating activities and $2,473.5 million in attributable free cash flow in 2025, representing increases of 54% and 85% respectively.
  • Kinross significantly reduced its debt by redeeming $500.0 million in senior notes and fully repaying the remaining $200.0 million term loan in 2025, resulting in $nil outstanding on its revolving credit facility by year-end.
  • Total estimated proven and probable gold reserves decreased by 1.0 million ounces to 20.9 million ounces at December 31, 2025, primarily due to depletion.
Feb 18, 2026, 10:16 PM
Kinross Gold Announces Annual Dividend Increase and Declares Q4 Dividend
KGC
Dividends
  • Kinross Gold Corporation announced a 14% annual increase to its cash dividend, bringing the annualized dividend to $0.16 per share.
  • This increase, combined with a previous increase in November 2025, represents a total increase of 33% since Q3 2025.
  • The Board of Directors approved a quarterly dividend of $0.04 per common share for the fourth quarter of 2025.
  • The Q4 2025 dividend is payable on March 26, 2026, to shareholders of record as of March 11, 2026.
Feb 18, 2026, 10:04 PM
Kinross Gold Announces 14% Annual Dividend Increase and Declares Q4 Dividend
KGC
Dividends
  • Kinross Gold Corporation's Board of Directors has approved a 14% increase to its dividend, which will amount to $0.16 per share on an annualized basis.
  • This represents a total dividend increase of 33% since Q3 2025, including a previous increase announced in November 2025.
  • The company also declared a quarterly dividend of $0.04 per common share for the fourth quarter of 2025.
  • This Q4 2025 dividend is payable on March 26, 2026, to shareholders of record as of March 11, 2026.
Feb 18, 2026, 10:00 PM
Ontario Fast-Tracks Kinross Gold's Great Bear Project
KGC
New Projects/Investments
  • Ontario has designated Kinross Gold’s Great Bear project as the first gold mine under its One Project, One Process fast-track permitting framework, aiming to cut review times roughly in half and achieve two-year approvals.
  • The project is projected to unlock approximately 1,000 ongoing jobs and strengthen local supply chains, with the province citing over $5 billion of capital investment.
  • Kinross projects the operation could produce roughly 500,000+ ounces of gold a year with low all-in sustaining costs, with construction planned to begin in 2027 and first production targeted for 2029.
  • A 2024 preliminary economic assessment (PEA) estimates Great Bear could produce about 518,000 ounces of gold a year at an all-in sustaining cost of US$812 per ounce, with project capital expenditure (capex) at roughly C$1.4 billion.
Feb 17, 2026, 4:31 PM
Nova Minerals Reports Q4 2025 Progress with US$43.4M DoW Funding and Project Advancements
KGC
New Projects/Investments
Guidance Update
  • Nova Minerals Limited secured US$43.4 million (A$65.5 million) in non-dilutive funding from the U.S. Department of War, fully funding the establishment of a domestic antimony supply chain at its Estelle Project for the quarter ended December 31, 2025.
  • The company made significant progress toward becoming a fully integrated U.S. antimony producer, including equipment procurement and advancing permitting for a refinery, with first production targeted for late 2026/27.
  • Gold asset advancement continued at the Estelle Project, with the 2025 drilling program completed and results expected to support an increase in Measured and Indicated Mineral Resources.
  • Nova Minerals reported a strong corporate and funding position, with access to over A$106 million at quarter end, including A$59.2 million in cash, and no debt.
  • In December 2025, the company completed a Nasdaq capital raise of approximately US$20 million gross proceeds and undertook a 5-for-1 forward split of its Nasdaq-listed ADSs in October 2025.
Jan 27, 2026, 11:30 AM
Kinross Gold Advances Three U.S. Growth Projects to Construction
KGC
New Projects/Investments
Guidance Update
  • Kinross Gold is advancing three new growth projects in the U.S. (Round Mountain Phase X, Curlew, and Bald Mountain Redbird II) to construction, with contributions expected to start in 2028.
  • These projects are anticipated to deliver up to 400,000 ounces per year, helping to maintain the company's 2 million-ounce production profile through the end of the decade.
  • The projects demonstrate strong economics, with a combined Net Present Value (NPV) of $4.1 billion and an Internal Rate of Return (IRR) of 55% at $4,300 gold, and an average all-in sustaining cost (AISC) of $1,650 per ounce.
  • The development of these projects will be funded by cash flow from existing operations.
Jan 15, 2026, 2:00 PM