Q4 2025 Kinross Gold Corp Earnings Call Transcript

Feb 19, 2026 / 01:00 PM GMT

Release Date Price: ARS48400 (-2.93%)

Transcript

Key Points

Positve

Kinross Gold Corp (KGC) achieved a record free cash flow generation of $769 million in Q4 and $2.5 billion for the full year 2025.
The company successfully returned approximately $1.5 billion of capital to debt and equity holders, ending the year with $1 billion of net cash.
Production exceeded guidance at key operations, with Tassius and Perickete accounting for over half of the production at strong margins.
Kinross Gold Corp (KGC) announced the construction of three high-quality organic growth projects, expected to extend mine life and benefit long-term costs.
The company received a credit rating upgrade from Moody's Investor Services to BAA 2, reflecting its strengthened financial position.

Negative

Kinross Gold Corp (KGC) expects costs to increase in 2026 due to higher royalties and inflation, with a 10% rise in all-in sustaining costs.
The company anticipates higher cash outflows in Q1 2026 due to annual tax payments and interest payments on senior notes.
Despite strong cash flow, the company faces ongoing cost pressures from inflation and higher royalties linked to increased gold prices.
There is a potential risk of increased costs due to mine plan sequencing and accounting changes in stripping costs.
The company has not applied for a federal National Project of Interest designation for the Great Bear project, which could impact permitting timelines.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

K.TO - Kinross Gold Corp
Q4 2025 Kinross Gold Corp Earnings Call
Feb 19, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Kate and I will be your conference operator today. At this time, I would like to welcome everyone to Ken Ross Gold Fourth quarter and year-end 2025 results conference call and podcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press par, followed with the number one on your telephone keypad. If you would like to withdraw your question, press one again.

Thank you. I would now like to turn the call over to David Shavers, senior Vice President. Please go ahead.

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