Kinross cuts 2026-27 output outlook after extreme weather disrupts La Coipa operations
Bitget2026/09/23 21:00- Kinross cut 2026-2027 production expectations to 1.84-1.86 million Au eq. oz. per year, 2%-3% below prior guidance.
- La Coipa faced unprecedented winter weather in Q3, disrupting mining and milling, lowering mining rates, mill throughput, recoveries.
- Round Mountain Phase S saw lower mining rates, grades, recoveries, deferring higher-grade ore, reducing output expectations for both years.
- Revised 2026 cost outlook: production cost of sales USD 1,420-1,460 per Au eq. oz.; AISC USD 1,850-1,900 per Au eq. oz.
- Third-quarter attributable production expected near 425,000 Au eq. oz.; return-of-capital target raised to 50% of 2026 free cash flow.
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