Kinross Gold is trading at CA$35.24, down 9.43%, after cutting 2026 and 2027 production guidance.
- Guidance is now approximately 1.84–1.86 million gold-equivalent ounces, 2%–3% below the previous range.
- Shortfalls at La Coipa and Round Mountain reflect extreme weather and operational challenges; strong performance at Paracatu and Tasiast did not offset the weaker outlook.
- The update also implies higher unit costs as lower production weighs on efficiency.