Two workers die after Kinross Gold accidents

AI desk brief

Kinross reported Q3 attributable free cash flow fell 59% y/y to C$394.8m despite a 23% rise in realized gold price to $4,249/oz, as lower output, higher costs and heavier capex pushed attributable AISC up 20% to $1,947/oz sold. Attributable production was 424,693 gold-equivalent oz., down 16% y/y, while La Coipa output nearly halved and Round Mountain remained under pressure; Kinross said results were tracking within its revised guidance after cutting 2026/27 forecasts on Sept. 23.

The update is modestly supportive for the gold price via a slower mine supply profile, but company-specific cash generation deteriorated and spending accelerated at growth projects such as Great Bear, Redbird and Round Mountain stage X. The article also notes two contractor deaths at Bald Mountain after separate Sept. 3 accidents, with MSHA preliminary reports still under review.