Kinross lowers production outlook for 2026 - Elko Daily Free Press

AI desk brief

Kinross lowered its 2026 gold-equivalent production guidance by 3-5% from earlier expectations, citing temporary issues at Round Mountain in Nevada and La Coipa in Chile. Management said the shortfall should be offset by stronger cash flow and higher grades elsewhere, but near-term output from two key mines is now running below plan.

The company now expects roughly 1.46-1.56Moz of gold-equivalent production this year, with around 1.3Moz from its core assets next year. Kinross also reiterated that Round Mountain remains a transition site with underground development ongoing, while La Coipa has been hit by unusually heavy weather and lower-than-expected grades.