Kinross shares down more than 10% after lowering gold production forecast - BNN Bloomberg

AI desk brief

Kinross cut its 2026 and 2027 attributable production outlook to 1.84-1.86mn gold-equivalent ounces a year, or 2-3% below the low end of prior guidance, after extreme winter storms hit La Coipa in Chile and lower grades/recoveries weighed on Round Mountain in Nevada. The stock fell more than 10% on the update, underscoring the operational risk to supply from weather disruption and mine-specific underperformance.

For gold, the immediate market impact is modest but directionally supportive on the supply side, as the company is signaling less metal than previously expected from two key assets.