Kinross Gold Corp ( (KGC) ) has released its Q2 earnings. Here is a breakdown of the information Kinross Gold Corp presented to its investors.
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Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada, focusing on responsible mining and operational excellence.
Kinross Gold Corp reported strong financial results for the second quarter of 2025, driven by robust margins and record free cash flow exceeding $600 million. The company is on track to return $650 million in capital to shareholders by the end of the year, with development projects advancing as planned.
Key financial highlights include a production of 512,574 gold equivalent ounces, with a production cost of sales of $1,080 per ounce. The company achieved a 68% increase in margins to $2,204 per ounce, significantly outpacing the rise in gold prices. Operating cash flow reached $992.4 million, while attributable free cash flow hit a record $646.6 million. Kinross also reported earnings of $530.7 million, or $0.43 per share, with adjusted net earnings of $541.0 million, or $0.44 per share.
Kinross continues to progress its development and exploration projects, including the Great Bear and Round Mountain Phase X, with promising results from drilling activities. The company remains committed to sustainability, having released its 2024 Sustainability Report, and continues to focus on water management and environmental stewardship.
Looking ahead, Kinross is well-positioned to meet its annual guidance, with expectations to produce 2.0 million gold equivalent ounces. The company is focused on advancing its high-quality development projects and maintaining strong financial performance, aiming to drive margin growth and extend mine life.