KGC News & Events

Reports Q4 revenue $2.023B, consensus $2.06B. J. Paul Rollinson, CEO, made the following comments in relation to 2025 fourth-quarter and year-end results: "2025 marked another excellent year for Kinross. We met our guidance once again, delivered robust margins, and generated record free cash flow of $2.5 billion, an 85% increase year-over-year. We returned approximately $1.5 billion to debt and equity holders, and achieved an end-of-year net cash position of $1 billion, further strengthening our balance sheet. These results underscore the consistency of our operating portfolio and our rigorous focus on cost discipline. We recently announced that we are proceeding with three U.S.-based projects, Phase X, Curlew and Redbird, which together are expected to contribute over $4 billion of net asset value and extend mine lives. In addition to these U.S. projects, we will have meaningful catalysts in the coming year at both of our world class development projects - Great Bear and Lobo-Marte. We are carrying strong momentum into 2026 and are forecasting another strong year of production of approximately 2.0 million gold equivalent ounces. Our focus will be on margins and cash flow as we continue to hold the line on controllable costs while maintaining capital discipline as we execute on our grade enhancement strategy. We are planning to continue with our capital allocation strategy by reinvesting in our business, further strengthening our balance sheet, and returning capital to our shareholders. This includes investing an additional $350 million in our business and are targeting 40% of free cash flow to return of capital through both share buybacks and dividends. This includes increasing our quarterly dividend by 14%, in addition to the 17% increase in Q3 2025."

Says production expected to remain stable at 2M attributable gold equivalent ounces for FY27 and FY28.

BTU METALS CORP. (BTUMF) announces Kinross (KGC) is planning to initiate a two phase 2026 drill program this month on BTU's Dixie Halo property. Kinross has indicated It plans to complete sufficient work on the BTU Dixie Halo property to earn a 70% interest in the project this year. Phase One - Scheduled to Commence Around February 20th, 2026. Phase One of the 2026 program is designed to be comprised of approximately 3,000-4,000 metres in approximately 8 drill holes. Focus of this phase of the drilling is on the TNT area first discovered and announced by the Company in 2019 with planned drilling targeting strike extensions and dip/plunge extensions of gold and copper mineralization tested in prior programs by the Company and also by Kinross. Objective is to intersect and better understand controls on, and the extent of, anomalous gold and copper mineralization and alteration in the area. Phase Two - To be completed after completion of Phase One and a review of all results Follow up on Phase One at TNT. Drill targets on the west side of the Dixie Halo property extending interpreted Limb/Arrow stratigraphy from the Great Bear property Targeting to be in part based on magnetic lows and structural discontinuities.