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2 clusters · 17 sources · 15 days · First seen 19 days ago · Last updated 4 days ago

Kinross Gold operational and investment developments

Overview

Kinross Gold has initiated significant developments regarding its operations and production outlook. The company presented details for its US$1.8 billion Lobo-Marte gold project in Chile’s Atacama Region, an investment expected to last 16 years and provide thousands of jobs.

However, the company subsequently lowered its production guidance for 2026 and 2027, forecasting annual production of approximately 1.84 to 1.86 million gold-equivalent ounces, down from a previous midpoint of 1.9 to 2.1 million ounces. This reduction is linked to operational challenges and extreme weather at the La Coipa mine in Chile and the Round Mountain mine in Nevada. Despite these setbacks, Kinross increased its target for returning capital to shareholders to 50% of free cash flow for 2026.

Entities

Kinross Gold Corporation · Paracatu · Atacama Region · La Coipa · Mogotes Metals

Timeline

4 days ago

[BUSINESS] 4 sources
Kinross Gold cuts production guidance due to operational challenges
Kinross Gold has reduced its 2026-2027 production guidance due to weather and operational issues in Chile and Nevada, while simultaneously raising its shareholder return target to 50% of free cash flow.
19 days ago

[BUSINESS] 14 sources
Kinross Gold presents US$1.8 billion Lobo-Marte project in Chile
Kinross Gold presented its US$1.8 billion Lobo-Marte gold project in Chile, projecting 3,500 construction jobs and a 16-year mine life to strengthen its regional production.

Sources

atacamanoticias.cl · bichosdecampo.com · construnoticias.com · elnuevosiglo.com.co · gestion.pe · marketwire.com · mineriaenergia.com · mineriaenlinea.com · mining.com · nuevamineria.com · portalminero.com · proactivo.com.pe · theascent.com · tierramarillano.cl · tvmundo.pe · web.eldia.es · winnipegfreepress.com