Kinross Gold reports Q3 adjusted EPS 44c, consensus 39c

Reports Q3 revenue $1.802B, consensus $1.76B. J. Paul Rollinson, CEO, made the following comments: “Kinross delivered another excellent quarter, underscoring the strength of our operating portfolio, which together with disciplined cost management, produced robust margins and record free cash flow of approximately $700M. With free cash flow exceeding $1.7B in the first three quarters of the year, and the further strengthening of our balance sheet to a net cash position, we are well positioned to continue generating strong returns for our shareholders. We are also pleased to announce enhancements to our return of capital program as a result of our robust financial position and strong free cash flow, and are now aiming to return approximately $750M through both share buybacks and dividends. We have increased our share buybacks by 20% and are now aiming to repurchase $600M in shares this year, with approximately $405M repurchased to date in 2025. We are also increasing our longstanding quarterly dividend by 17% to 14c per share annually.”