Kinross Gold cuts output guidance. Kinross Gold stock sits 35.82 percent below its 52-week high

Published on 10/02/2026 at 05:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kinross raised its 2026 return target to 50% from 40%. Kinross Gold stock last traded at EUR 21.18 on October 1, 2026 versus EUR 21.22.

KGC, CA4969024047, Illustration mit AI erstellt.

Kinross Gold (ISIN CA4969024047) cut its 2026 and 2027 production guidance to 1.84 million to 1.86 million gold-equivalent ounces and Kinross Gold stock sits 35.82 percent below its EUR 33.00 52-week high. In an update dated September 23, 2026, GlobeNewswire reported that the revised outlook reflected problems at La Coipa and Round Mountain.

Output falls while returns rise

The new production range is 2 percent to 3 percent below the low end of Kinross' previous guidance for both 2026 and 2027. The company expects third-quarter 2026 attributable production of 425,000 gold-equivalent ounces, while 2026 production cost of sales is guided at USD 1,420 to USD 1,460 per ounce.

Kinross also raised its 2026 return-of-capital target from 40 percent to 50 percent of free cash flow. That is a 25.00 percent increase in the stated target, creating a direct counterweight to the weaker production outlook.

Higher costs test the portfolio

La Coipa in Chile faced extreme winter weather, lower mining rates, weaker mill throughput and recovery issues. At Round Mountain in Nevada, lower mining rates, grades and recoveries reduced expected output, although higher-grade Phase X ore is scheduled to support production from 2028.

Kinross says Paracatu and Tasiast, its two largest and lowest-cost operations, are expected to produce a combined 1.1 million ounces for the fifth consecutive year. That concentration matters because the revised guidance is centered on two smaller assets rather than the entire operating portfolio.

The latest reported second-quarter 2026 figures provide a stronger operating baseline. According to MarketBeat, Kinross posted adjusted earnings per share of USD 0.71 versus consensus of USD 0.66, while revenue rose 29.50 percent year over year to USD 2.22 billion.

Analysts trim targets

Scotiabank lowered its price target from USD 41.00 to USD 39.00 on September 24, 2026, while retaining a sector outperform rating, according to MarketBeat. TD Securities also cut its target from USD 40.00 to USD 35.00 while maintaining a buy rating, as reported by MarketBeat.

Stock stays below its high

Kinross was last at EUR 21.18 on Xetra on October 1, 2026 at 5:35 p.m. CEST, versus the Xetra close of EUR 21.22 on September 30, 2026, a decline of 0.19 percent. The same quote showed a 52-week range of EUR 18.63 to EUR 33.00 and market capitalization of EUR 25.1 billion as of October 1, 2026. Price source: substitute price Xetra, Lang & Schwarz without data set.