Kinross Gold's Q2 Earnings Surpass Estimates on Higher Gold Prices

Core Insights - Kinross Gold Corporation (KGC) reported a profit of $530.7 million or 43 cents per share for Q2 2025, an increase from $210.9 million or 17 cents per share in the same quarter last year [1] - Adjusted earnings were 44 cents per share, up from 14 cents in the prior-year quarter, exceeding the Zacks Consensus Estimate of 33 cents [1][8] - Revenues rose nearly 41.7% year over year to $1,728.5 million, surpassing the Zacks Consensus Estimate of $1,347.3 million, driven by higher average realized gold prices [2][8] Operational Performance - KGC produced 512,574 gold equivalent ounces in the reported quarter, down 4.3% year over year, but above the estimate of 487,940 ounces [3] - Average realized gold prices were $3,284 per ounce, up 40.2% from the previous year, and exceeded the estimate of $2,771 per ounce [3] - The production cost of sales per gold equivalent ounce was $1,074, up 4.4% year over year, but below the estimate of $1,143 [4] Financials - Cash and cash equivalents at the end of the quarter were $1,136.5 million, an increase of approximately 136.7% year over year [5] - Long-term debt was $1,236.4 million, reflecting a slight increase of about 0.2% [5] Outlook - KGC expects to produce 2 million gold equivalent ounces (+/- 5%) with a production cost of sales per gold equivalent ounce of $1,120 (+/- 5%) and an all-in sustaining cost of $1,500 (+/- 5%) per ounce sold [6] Price Performance - Kinross' shares have surged 105.4% over the past year, compared to a 51.7% rise in the industry [7]