Business
Kinross reports 2025 fourth-quarter and full-year results 
Delivered on all key guidance metrics, maintains three-year outlook of 2.0 million Au eq. oz. per...

About this update from Kinross Gold Corporation
[{"type":"text","content":"Kinross reports 2025 fourth-quarter and full-year results \nDelivered on all key guidance metrics, maintains three-year outlook of 2.0 million Au eq. oz. per yearRecord free cash flow of $2.5 billion and returned $1.5 billion to debt and equity holders in 2025Targeting 40% of free cash flow in return of capital to shareholders in 2026 TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the fourth quarter and year ended December 31, 20251.This news release contains forward-looking information about expected future events and financial and operating performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on pages 41 and 42 of this release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted. 2025 full-year results and 2026 guidance:          2025guidance(+/- 5%)Q4 2025results2025 full-yearresults2026guidance(+/- 5%)Gold equivalentproduction1(ounces)2.0 million483,5822.0 million2.0 millionProduction cost of sales2Attributable production cost of sales1-$1,120$1,297$1,289$1,140$1,135-$1,360($ per Au eq. oz.)    Attributable all-in sustaining cost1($ per Au eq. oz.)$1,500$1,825$1,571$1,730Capital expenditures3Attributablecapital expenditures1-$1,150$368$362$1,194$1,175-$1,500(million)     Kinross has forecasted stable production guidance of approximately 2.0 million attributable Au eq. oz. (+/- 5%) in 2027 and 2028. Record Q4 and full-year highlights:          Margins4 of $2,847 per Au eq. oz. sold in Q4 2025, and $2,283 for 2025.Operating cash flow5 of $1,146.9 million in Q4 2025, and $3,760.5 million in 2025.Attributable free cash flow1 of $769.4 million in Q4 2025 and $2,473.5 million in 2025.Reported net earnings6 of $906.5 million in Q4 2025, or $0.75 per share, and $2,390.1 million, or $1.96 per share, in 2025.Adjusted net earnings7, 8 of $809.3 million, or $0.67 per share in Q4 2025, and $2,243.9 million, or $1.84 per share, in 2025.In 2025, Kinross returned $752.4 million to shareholders through its share buyback program and dividend. This included repurchasing $600.3...