Kinross Gold Corp ( (KGC) ) has released its Q3 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, operational excellence, and disciplined growth. In its 2025 third-quarter earnings report, Kinross Gold Corporation announced record free cash flow of approximately $700 million, a net cash position, and an increase in its share buyback target and dividend. The company remains on track to meet its annual guidance for production and costs, driven by strong operational performance and strategic financial management.
Key financial highlights for the quarter include the production of 503,862 gold equivalent ounces, with a production cost of sales of $1,150 per ounce. Operating cash flow reached $1,024.1 million, and attributable free cash flow hit a record $686.7 million. The company reported net earnings of $584.9 million, or $0.48 per share, with adjusted net earnings of $529.6 million, or $0.44 per share. Kinross also strengthened its balance sheet with a net cash position of $485 million and total liquidity of approximately $3.4 billion.
Kinross announced the early redemption of $500 million in Senior Notes due in 2027 and reaffirmed its guidance for 2025. The company increased its share buyback target by 20% to $600 million and raised its quarterly dividend by 17%. Operational highlights include strong performances at Paracatu and Tasiast mines, and progress in development and exploration projects at Great Bear, Round Mountain, and Bald Mountain.
Looking forward, Kinross is optimistic about its growth pipeline, including ongoing projects and exploration efforts aimed at extending mine life and enhancing long-term value. The company is committed to sustainability and responsible mining practices, with initiatives in education, reclamation, and energy management across its operations.