Kinross Gold Corp (KGC)
NYSE:KGC
Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.74Last Year’s EPS
0.44Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operating and financial performance in Q1 — record free cash flow, robust operating cash flow, a stronger balance sheet, continued return of capital and clear project/permit progress. Operational execution at flagship mines (Paracatu, Tasiast) and active project advancement (Phase X, Great Bear, Lobo-Marte) underpin confidence in meeting full-year guidance. Notable near-term negatives were a timing-driven tax charge, some site-level production/cost volatility (Round Mountain, Quebrada), and exposure to inflation and oil-price volatility that could modestly affect costs and project capital. Overall, management presented these negatives as manageable given hedges, grade-enhancement strategy and a strong liquidity position.Company Guidance
Record cash generation and operating cash flow
Delivered fourth consecutive quarter of record free cash flow of approximately $840 million (attributable free cash flow ~$838 million) and record adjusted operating cash flow of $1.1 billion; adjusted earnings of $0.71 per share.
Strong balance sheet and shareholder returns
Added $440 million in cash in Q1, ending the quarter with $2.2 billion in cash, $3.9 billion of total liquidity and $1.4 billion in net cash; returned meaningful capital via $250 million of share repurchases in Q1 (7.7 million shares, ~0.6% of outstanding) plus a subsequent $50 million; since repurchase restart repurchased ~$900 million (>3% of shares) and returned ~ $350 million in 2026 to date. Targeting to return ~40% of free cash flow in 2026.
Production strong and on track to guidance
Q1 production of 493,000 gold-equivalent ounces; Paracatu (161,000 oz) and Tasiast (130,000 oz) together accounted for >50% (~59%) of production. Management reaffirmed full-year production guidance of 2.0 million oz and Q2 expected in line with Q1 with H2 slightly higher.
Costs, margins and guidance maintained
Q1 cost of sales $1,380/oz and all-in sustaining costs $1,732/oz, in line with plans; record margin of $3,476/oz that outpaced the increase in the gold price. Company reiterated FY cost of sales guidance $1,360/oz, AISC $1,730/oz and capital guidance ~$1.5 billion.
Operational performance and sustainability gains
Paracatu achieved record mill recoveries supporting 161,000 oz production; Tasiast benefitted from higher grades and recoveries (130,000 oz) and its solar facility generated ~15.5 GW in the quarter, supplying ~23% of site power and offsetting hydrocarbons (management cited fuel-offset benefits). Continuous improvement initiatives reduced unit costs at key sites.
Progress on high-value projects and permitting
Great Bear: received remaining Ontario AEX permits, submitted final federal impact statement, AEX decline planned to start blasting Aug/Sep, detailed engineering ~45% complete and procurement underway. Phase X (Round Mountain) received major operational permits and has 7.2 km of underground development completed, ahead of planned rates. Lobo-Marte: Environmental Impact Assessment submitted; project scoped at ~300k–400k oz/year (4.7 million oz over 16 years) as a long-life low-cost heap-leach option.
Hedging and cost-mitigation position
Hedged 63% of the oil component of fuel consumption at U.S. and Tasiast operations at an average price of $62/bbl (these sites account for ~75% of company fuel); company-wide hedging reduces near-term exposure and management estimates limited P&L sensitivity to elevated oil in 2026.
Exploration and resource pipeline progress
Continued positive drilling results — Great Bear identified a new Strider zone ~2.4 km on strike with high-grade intercepts; Curlew returned strong hits (e.g., 12.5 m @ 7 g/t and 4.5 m @ 8.5 g/t) supporting upside to future production profiles.
KGC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $29.82 | $30.20 | +1.27% |
Feb 18, 2026 | $34.47 | $33.36 | -3.21% |
Nov 05, 2025 | $23.97 | $23.68 | -1.24% |
Jul 30, 2025 | $15.33 | $15.91 | +3.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kinross Gold Corp (KGC) report earnings?
Kinross Gold Corp (KGC) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Kinross Gold Corp (KGC) earnings time?
Kinross Gold Corp (KGC) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is KGC EPS forecast?
KGC EPS forecast for the fiscal quarter 2026 (Q2) is 0.74.