Kinross shares down more than 10% after lowering gold production forecast - CTV News

AI desk brief

Kinross shares fell more than 10% after the miner cut its 2026 and 2027 production outlook, citing extreme winter storms at La Coipa in Chile and weaker mining rates, grades and recoveries at Round Mountain in Nevada. Full-year attributable production is now expected at 1.84-1.86 million gold-equivalent ounces, or 2-3% below the low end of prior guidance, a modestly supportive supply-side signal for gold in the near term if broader mine disruptions persist.

The stock was down $4.31, or about 11%, to $34.60 on the Toronto Stock Exchange in afternoon trade.