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Kinross Gold Corp. (KGC)
NYSE:KGC
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.3Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational delivery, record cash generation, a strengthened balance sheet, aggressive shareholder returns, and solid project and reserve/resource progress. These positives were tempered by an expected increase in unit costs driven by inflation and higher royalties, site-level sequencing impacts raising near-term cash costs at some operations, sizeable near-term tax cash outflows, and ongoing permitting/timing risk for major projects. Overall, management portrays confidence in sustaining production, reinvesting selectively in high-return projects and returning capital to shareholders while acknowledging controllable and uncontrollable cost pressures.Company Guidance
Record Production and Strong Operational Performance
Produced just over 2,000,000 ounces in 2025 (484,000 ounces in Q4), in line with guidance and reaffirmed production guidance of ~2,000,000 ounces for 2026–2028 (evenly split quarterly ~490,000–510,000 oz). Paracatu produced >600,000 oz (601,000 oz full year) and Tasiast produced 503,000 oz, together accounting for ~1,100,000 oz (>50% of production).
Record Free Cash Flow and Operating Cash Flow
Attributable free cash flow was a record $769,000,000 in Q4 and $2,500,000,000 for the full year. Adjusted operating cash flow was a record $1,100,000,000 in Q4 and $3,600,000,000 for the full year.
Margin Expansion and Strong Earnings
Margins expanded materially with management citing a 66% increase in margins versus a 43% increase in the gold price. Adjusted earnings were $0.67 per share in Q4 and $1.84 per share for the full year.
Strengthened Balance Sheet and Liquidity
Ended the year with $1,700,000,000 in cash, approximately $3,500,000,000 total liquidity and net cash of ~ $1,000,000,000 after $700,000,000 of debt repayments. No near-term debt maturities and Moody’s upgrade from Baa3 to Baa2.
Disciplined Capital Allocation and Enhanced Shareholder Returns
Announced a target to return ~40% of free cash flow to shareholders in 2026 via dividends and buybacks, increased the dividend by $0.02/share annually (14%) on top of a prior 17% increase for a total stated increase of 33%, and initiated a share buyback program (to begin imminently).
Pipeline Advancement — Three U.S. Projects Moving to Construction
Announced construction progression on three U.S. organic growth projects expected online in 2028, collectively expected to add >3,000,000 ounces (initial mine-plan inventory drilled), average AISC ~$1,660/oz, combined NPV ~$4,300,000,000 and combined IRR 59% at $4,500/oz with paybacks of <2 years.
Great Bear and Lobo Marte Progress
Great Bear AEX surface construction 80% complete; detailed engineering for main project ~35% complete with third and final phase of federal impact statement scheduled for filing end of Q1. Project designated under Ontario One Project One Process. Lobo Marte progressing baseline studies with planned EIA submission by Q2.
Reserve and Resource Additions
Added ~1,200,000 ounces of reserves before depletion (notable additions: Paracatu +700,000 oz, Bald Mountain +200,000 oz, Tasiast +200,000 oz). Grew resource base by ~1,600,000 oz M&I and ~3,400,000 oz Inferred; total resource optionality cited as ~27,000,000 oz M&I and ~17,000,000 oz Inferred.
Sustainability and Governance Achievements
Completed energy efficiency program delivering an estimated 1.5% reduction in GHG emissions via 30+ projects; philanthropic medical support in Mauritania; named top-scoring mining company in Globe & Mail governance ranking and in top 15% of companies overall.
KGC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $34.56 | $33.45 | -3.21% |
Nov 05, 2025 | $24.04 | $23.74 | -1.25% |
Jul 30, 2025 | $15.38 | $15.95 | +3.71% |
May 06, 2025 | $15.12 | $15.53 | +2.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kinross Gold Corp. (KGC) report earnings?
Kinross Gold Corp. (KGC) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Kinross Gold Corp. (KGC) earnings time?
Kinross Gold Corp. (KGC) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KGC EPS forecast?
KGC EPS forecast for the fiscal quarter 2026 (Q1) is 0.75.