Kinross Gold management commentary attributes 53% rise in nine-month 2026 net earnings to higher gold prices and margins
Bitget2026/10/28 21:36- Kinross Gold management commentary puts third-quarter 2026 net earnings at USD 583.2 million, broadly unchanged from a year earlier.
- A 23% rise in realized gold prices to USD 4,249 per ounce offset lower sales volumes as production declined.
- Production cost of sales rose 5% to USD 627.2 million, driven mainly by higher energy, contractor and reagent costs.
- Operating cash flow fell 30% to USD 714.4 million, reflecting working capital changes, higher tax payments and lower margins.
- For the first nine months of 2026, net earnings rose 53% to USD 2.27 billion, primarily reflecting stronger margins.
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