Overview

* Kinross Q3 adjusted EPS beats analyst expectations, reflecting strong financial performance

* Company reports record free cash flow of $686.7 mln in Q3 2025

* Kinross increases 2025 share buyback target by 20% to $600 mln

Outlook

* Kinross expects 2025 production to be slightly above midpoint of 2.0 mln Au eq. oz.

* Company is tracking towards higher end of 2025 all-in sustaining cost guidance

* Kinross increases 2025 share buyback target by 20% to $600 mln

Result Drivers

* HIGHER GOLD PRICES - Revenue increased by 26% due to a rise in the average realized gold price, contributing to higher margins

* MARGIN IMPROVEMENT - Margins increased by 54% to $2,310 per Au eq. oz. sold, outpacing the rise in gold prices

* STRONG MINE PERFORMANCE - Paracatu and Tasiast mines delivered solid quarters with high grades and recoveries

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Metal $1.80

Sales bln

Q3 Beat $0.44 $0.36 (7

Adjusted Analysts

EPS )

Q3 EPS $0.48

Q3 $529.60

Adjusted mln

Net

Income

Q3 $845.20

Adjusted mln

Free

Cash

Flow

Q3 Capex $312.20

mln

Q3 Free $686.70

Cash mln

Flow

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)