Q4 2025 Kinross Gold Corp Earnings Call Transcript

Feb 19, 2026 / 01:00 PM GMT

Release Date Price: MXN590.01

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

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
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.

-------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.