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Jun 30, 2025
Kinross Gold Q2 2025 Earnings Report
Kinross Gold reported strong Q2 2025 results, delivering record free cash flow and solid earnings growth.
Key Takeaways
Kinross posted record free cash flow of $646.6M in Q2 2025, supported by higher gold prices and strong mine performance. Net income more than doubled YoY and the company remains on track to meet full-year guidance.
Generated record free cash flow of $646.6 million in Q2 2025.
Net income surged to $530.7 million, or $0.43 per share.
Average realized gold price reached $3,284 per ounce.
Strong performance from Paracatu and Bald Mountain supported results.
Revenue by Geographic Location
Forward Guidance
Kinross expects to meet full-year 2025 production and cost guidance while maintaining strong liquidity and progressing key development projects.
Positive Outlook
- On track to produce 2.0 million Au eq. oz. for FY2025.
- Forecast production cost of sales of $1,120 per oz. (+/-5%).
- All-in sustaining cost forecast of $1,500 per oz. (+/-5%).
- Total attributable capex guidance of $1,150 million.
- Strong progress on development projects including Great Bear and Round Mountain Phase X.
Challenges Ahead
- Tasiast production decreased due to lower grades and throughput.
- La Coipa faced lower grades and groundwater inflows impacting mining.
- Fort Knox cost of sales increased QoQ due to processing costs.
- Higher royalty and labor costs impacted some sites’ margins.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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