Kinross Gold Stock Falls on Production Guidance Cuts and Price Target Reduction

Kinross Q3 Earnings Call Highlights '26 Guidance and Project Spending

Kinross Gold Corporation (KGC) maintained its 2026 production guidance of 1.84-1.86 million ounces despite operational setbacks at La Coipa and Round Mountain. While Q3 adjusted earnings beat expectations, revenues missed estimates. The company faces higher capital requirements for development projects, with cost inflation pressures and increased spending anticipated through 2027-2028. Management emphasized operational stabilization and disciplined investment while advancing U.S. growth projects.

Kinross declares quarterly dividend

Kinross Gold Corporation announced a quarterly dividend of US$0.04 per common share for Q3 2026, payable December 3, 2026. The company reported being on track for updated guidance, with grade enhancement projects advancing and first gold poured at Redbird. Kinross increased capital returns to 50% and repurchased 5% of shares since April 2025.

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.

UBS Maintains Buy on Kinross Gold, Lowers Price Target to $28

Liberty Gold Strengthens Black Pine Development Team with the Appointment of Curtis Cadwell as General Manager

Liberty Gold Corp. announced the appointment of Curtis Cadwell as General Manager for its Black Pine Oxide Gold Project in southeastern Idaho, effective October 12, 2026. Cadwell brings three decades of mining industry experience, including 20+ years with Barrick Gold and recent roles at Kinross Gold and McEwen Mining. The appointment strengthens Liberty Gold's operational capability as the company advances detailed engineering and permitting for the run-of-mine heap leach project.

Shares of precious metal-related companies are trading lower as climbing yields and a stronger dollar raise rate-hike expectations. President Trump's rejection of Iran's plan to reopen the Strait of Hormuz and a possible diesel export ban are boosting oil prices and contributing to mounting inflationary concerns as regional conflict continues.