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Kinross Gold (KGC) AI Stock Analysis

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KGC

Kinross Gold

(NYSE:KGC)

Rating:―N/A
Action:N/A
Date:―

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Positive Factors
Revenue and Margin ExpansionKinross has materially strengthened revenue and profitability after growth from 2023 through 2025 and another increase in TTM revenue. The expanded margins provide more operating resilience, support internal funding for mine development, and improve the durability of earnings over the next several quarters.
Negative Factors
Commodity and Earnings CyclicalityKinross’s earnings power can change substantially with gold prices, production volumes, and site-level costs, as shown by the shift from a 2022 loss to strong subsequent profits. This cyclicality makes elevated margins less predictable and can reduce cash available for projects or shareholder returns during weaker conditions.

Kinross Gold Key Performance Indicators (KPIs)

Total Gold EquivalentMeasures the total value of gold and other metals produced, providing insight into overall production efficiency and revenue potential.

0.00250.00K500.00K750.00K1.00MMar 21Jun 21Sep 21Dec 21Mar 22Jun 22Sep 22Dec 22Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Chart Insights

Kinross’s gold-equivalent production has stabilized around the cadence management is guiding to for 2026 after multi-quarter volatility (early‑2022 disruption and a mid‑2023 rebound), and produced and sold volumes have converged recently—reducing inventory swings and improving cash conversion. Seasonal Q3 strength remains and management expects steady H1-like output with a stronger Q4; near-term U.S. drag (Round Mountain stripping, higher Alaska/Nevada costs) pressures costs, but exceptional free cash flow and a high‑quality project pipeline (Lobo‑Marte, Great Bear) support aggressive buybacks—permits and elevated capex are the main execution risks.

Data provided by:The Fly

Kinross Gold (KGC) vs. SPDR S&P 500 ETF (SPY)

-20%0%20%40%60%KGC-11.49%SPY+15.63%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
$23.64B
Dividend Yield
0.78%
Average Volume (3M)
8.08M
Price to Earnings (P/E)
7.6
Beta (1Y)
0.97
Revenue Growth
31.03%
EPS Growth
84.57%
Country
US
Employees
7,100
Sector
Basic Materials
Sector Strength
61
Industry
Gold

Kinross Gold Business Overview & Revenue Model

Company Description

Kinross Gold Corporation and its affiliates are dedicated to identifying, exploring, and developing gold deposits primarily across the United States, Russia, Brazil, Chile, Ghana, and Mauritania. Furthermore, the company manages the extraction and re...

Kinross Gold Earnings Call Summary

Earnings Call Date:Oct 27, 2026(Q3-2026)|% Change Since:-6.79%|Next Earnings Date:Feb 16, 2027
Earnings Call SentimentPositive

The call was predominantly positive. Kinross delivered Q3 production and costs in line with its updated plan, generated strong cash flow, maintained a strong balance sheet, increased shareholder returns, and advanced multiple growth and mine-life-extension projects. The principal negative items were the two fatalities at Bald Mountain, near-term production challenges at La Coipa and Round Mountain, inflation and labor-market pressures, and uncertainty around Great Bear's eventual capital cost. Management nevertheless maintained its 2026 and 2027 production outlook and described operations and project execution as being on track.

Positive Updates

Q3 Production and Guidance on Track
Kinross produced 425 thousand ounces and sold 410 thousand ounces in Q3, with the difference attributed to the timing of ounces sold. The company remains on track to deliver updated 2026 production guidance of 1.84 million to 1.86 million ounces and expects 2027 production in the same range.

Negative Updates

Fatalities at Bald Mountain
Two employees of business partners were tragically killed at the Bald Mountain operation in Nevada. Kinross held company-wide safety standouts, reinforced safety controls, and said it remains focused on fatality prevention and risk-management programs.

Company Guidance

Kinross said it remains firmly on track to deliver updated 2026 production guidance of 1.84 million to 1.86 million ounces, with production expected to be between 3.45 million ounces in the fourth quarter, cost of sales guidance of $1.42 thousand to $1.46 thousand per gram, all in sustaining cost guidance of $1.85 thousand to $1.9 thousand per ounce, and original capital guidance of $1.5 billion plus or minus 5%; for 2027, production is expected in the range of 1.84 million to 1.86 million ounces, while the $1.5 billion guidance range remains subject to inflation and incremental project additions, with inflation expected to be similar to this year’s about a 5% factor, labor inflation around 5% to 6%, and 2027 oil costs about 50% hedged in the low $60 a barrel, or $60 to $65 a barrel; 2028 production is expected to be higher relative to 2027, Curlew and Phase X are on track for first production in 2028, Great Bear remains on track with first production in late 2029, Lobo Marte is targeted for first production in the early 20 thirties, Paracatu remains on track to meet guidance of 600 thousand ounces at a target cost of sales of $1.24 thousand per ounce, and Target remains on track to meet guidance of 505 thousand ounces at a target cost of sales of $1.05 thousand per ounce.

Kinross Gold Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

KGC against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:IMGTSE:IMG89OutperformCAD 12.78B7.9628.08%―83.00%41.80%
TSE:LUGTSE:LUG83OutperformCAD 20.60B15.9081.63%6.61%35.61%49.78%
TSE:AGITSE:AGI77OutperformCAD 16.25B10.8322.49%0.53%40.54%98.14%
TSE:EDVTSE:EDV74OutperformCAD 16.85B13.8026.18%3.71%27.09%253.66%
TSE:EQXTSE:EQX72OutperformCAD 16.47B9.5213.71%0.52%62.66%―
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%

* Basic Materials Sector Average

Performance Comparison

-25%0%25%50%75%KGCTSE:IMGTSE:AGITSE:LUGTSE:EDVTSE:EQXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
KGC and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KGCKinross Gold Corp21.42-2.22-9.41%
TSE:IMGIAMGOLD Corp24.487.5044.17%
TSE:AGIAlamos Gold, Inc.41.95-0.85-1.98%
TSE:LUGLundin Gold Inc.91.282.232.50%
TSE:EDVEndeavour Mining72.7618.6534.48%
TSE:EQXEquinox Gold (ASE)15.77-0.26-1.65%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.