Record Free Cash Flow
Kinross Gold reported record free cash flow of nearly $700 million for the third quarter and over $1.7 billion year-to-date.
Strong Production and Cost Management
Produced 504,000 ounces at a cost of sales of $1,145 per ounce, with operating margins over $2,300 per ounce due to good cost management and favorable gold prices.
Robust Financial Position
Ended the quarter with approximately $1.7 billion in cash and $3.4 billion in total liquidity, transitioning to a net cash position of almost $500 million.
Increased Shareholder Returns
Increased the dividend by 17% and share repurchases by $100 million, aiming for total returns to shareholders of more than $750 million in 2025.
Sustainability Achievements
Contributions to local educational infrastructure in Mauritania and top-level AA classification for Paracatu's tailings facilities in Brazil.