Kinross Gold Corporation Q4 2025 Earnings Call Summary

Achieved 2025 production and cost guidance, with margins expanding 66%—significantly outperforming the 43% increase in gold prices. Record free cash flow of $2.5 billion for the full year was driven by strong performance at anchor assets Tasiast and Paracatu, which provided over half of total production. Management attributed the margin expansion to a rigorous focus on cost control and operational excellence, which served as a hedge against industry-wide inflationary pressures. Strategic positioning ...