Kinross trims Chile gold for 2026 but sticks to its Lobo-Marte district play - BNamericas.com

AI desk brief

Kinross lowered 2026 gold production guidance to 1.84Moz-1.86Moz from 1.9Moz-2.1Moz, mainly because La Coipa in northern Chile has been hit by heavy Q3 rains and lower sulfide recoveries. La Coipa is now expected to produce about 210,000oz in 2026, down from 231,770oz in 2025.

The company still sees long-term growth in Chile via the US$1.8bn Lobo-Marte project, which it is engineering for a possible 2031 start and roughly 350,000oz/yr over an initial 15-year mine life. Kinross also flagged potential processing changes at La Coipa, including a possible new flotation circuit to handle copper sulfides.