Kinross Gold's earnings call reflected strong financial performance with record free cash flow and significant returns to shareholders. The company maintains a robust balance sheet and has made progress in sustainability initiatives. However, some challenges related to higher costs and operational issues at La Coipa were noted. Overall, the positive aspects of the call significantly outweigh the negatives.

Company Guidance

During the Kinross Gold Second Quarter 2025 Results Conference Call, the company reported a strong second quarter and first half, positioning itself well to achieve its full-year guidance. Kinross produced 513,000 gold equivalent ounces at a cost of sales of $1,074 per ounce, with an average realized gold price of $3,285 per ounce, resulting in record operating margins of over $2,200 per ounce. Record free cash flow for the quarter was nearly $650 million, contributing to over $1 billion for the first half. The company maintained a robust financial position with a cash balance exceeding $1.1 billion and total liquidity around $2.8 billion, while net debt was reduced to approximately $100 million. Kinross plans to continue share repurchases and maintain a quarterly dividend, with $300 million returned to shareholders so far. The company remains on track to meet its annual production guidance of 2 million ounces at a cost of sales of $1,120 per ounce, with capital expenditures expected to total $1.15 billion. The call also highlighted ongoing projects and exploration efforts, particularly at Paracatu, Tasiast, and La Coipa, and addressed challenges such as higher operating costs anticipated in the second half due to mine sequencing and inflation.

Record Free Cash Flow

Kinross Gold delivered record free cash flow of almost $650 million in Q2, with a first half total of just over $1 billion.

Strong Production and Cost Management

Production in Q2 was 513,000 ounces at a cost of sales of $1,074 per ounce, contributing to record operating margins.

Significant Return of Capital to Shareholders

Kinross repurchased and canceled approximately $225 million in shares and returned almost $300 million to shareholders, on track for a minimum target of $650 million for the year.

Strong Balance Sheet

Ended Q2 with over $1.1 billion in cash and approximately $2.8 billion of total liquidity, and improved net debt position to approximately $100 million, expecting to be at net cash in Q3.

Progress in Sustainability Initiatives

Progress made in various water management initiatives, including enhanced water efficiency at La Coipa and thriving fish populations at reclaimed Fish Creek in Alaska.

Positive Exploration and Project Updates

Positive exploration updates at Curlew and Phase X projects, with strong potential for future contribution to production.

Kinross Gold (TSE:K) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:K Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.51 / -	0.334	―	―	―
Jul 30, 2025	2025 (Q2)	0.46 / 0.61	0.194	213.40% (+0.41)
May 06, 2025	2025 (Q1)	0.33 / 0.41	0.137	201.46% (+0.28)
Feb 12, 2025	2024 (Q4)	0.35 / 0.28	0.148	91.89% (+0.14)
Nov 05, 2024	2024 (Q3)	0.26 / 0.33	0.165	102.42% (+0.17)
Jul 31, 2024	2024 (Q2)	0.19 / 0.19	0.187	3.74% (<+0.01)
May 07, 2024	2024 (Q1)	0.08 / 0.14	0.094	45.74% (+0.04)
Feb 14, 2024	2023 (Q4)	0.13 / 0.15	0.121	22.31% (+0.03)
Nov 08, 2023	2023 (Q3)	0.14 / 0.17	0.067	146.27% (+0.10)
Aug 02, 2023	2023 (Q2)	0.12 / 0.19	0.039	379.49% (+0.15)

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

TSE:K Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	C$21.33	C$22.14	+3.79%
May 06, 2025	C$20.92	C$21.54	+2.95%
Feb 12, 2025	C$17.28	C$16.11	-6.78%
Nov 05, 2024	C$13.77	C$13.63	-1.01%

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. (TSE:K) report earnings?

Kinross Gold Corp. (TSE:K) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Kinross Gold Corp. (TSE:K) earnings time?

Kinross Gold Corp. (TSE:K) earnings time is at Nov 04, 2025, After Close (Confirmed).

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You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is TSE:K EPS forecast?

TSE:K EPS forecast for the fiscal quarter 2025 (Q3) is 0.51.

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