05:49 PM EST, 11/04/2025 (MT Newswires) -- Kinross Gold ( KGCRF ) (K.TO, KGC) was last seen up 1.9% in after-hours New York trade after the company on Tuesday said its third-quarter profit and revenue rose year-over-year.

The company earned US$529.6 million, or US$0.44 per share, up from US$298.7 million, or US$0.24. FactSet expected US$0.39.

Revenue rose to US$1.8 billion, compared with US$1.43 billion during Q3 2024. The 26% year-over-year increase is due to the increase in the average realized gold price, the company said. FactSet expected US$1.72 billion.

The company added that it is on track to meet its 2025 targets for production, costs, and capital spending, even with higher royalties from strong gold prices.

Kinross Gold ( KGCRF ) said it will redeem all $500 million of its 4.50% senior notes due 2027 on Dec. 4. The company's board also approved a 17% increase in the quarterly dividend to $0.035 per share, payable Dec. 10 to shareholders of record on Nov. 26.

The company's shares were last seen up US$0.42 to US$22.89. They closed down $0.96 to $31.66 on the Toronto Stock Exchange.