Kinross trimmed 2026–27 production to about 1.84–1.86 Moz/year and lifted all-in sustaining costs to $1,850–$1,900/oz, due to La Coipa and Round Mountain issues. Scotiabank lowered Kinross's target to $39 while Kinross raised its 2026 shareholder payout to 50% of attributable free cash flow. The stock faces near-term headwinds despite strong long-term asset quality.
BofA upgraded KGC from Underperform to Buy ahead of earnings. Gold prices rose to $2,771/oz, influenced by a weaker U.S. Dollar. Analyst raised KGC’s 2026 GEO production forecast to 2 million ounces. Concerns about mine life and unit costs are being effectively managed. Potential for share buyback may enhance capital returns in 2025.