-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Kinross posted Q1 2026 adjusted EPS of $0.71 vs $0.30 prior year, missing consensus by $0.03, while revenue increased 61% Y/Y to $2.41B, missing by $53M. The company generated record quarterly free cash flow of $837.5M, up 120% Y/Y, with margins expanding 92% to $3,476 per ounce versus 71% gold price appreciation. This margin expansion validates our operational leverage thesis, showing disciplined cost management despite 33% higher attributable production costs driven primarily by elevated gold price royalties. Management maintained full-year 2026 guidance for 2.0M oz production with all-in sustaining cost (AISC) of $1,730 per ounce. With $2.2B cash, the company returned $350M to shareholders YTD, remaining on track for 40% free cash flow returns. We believe record cash generation validates Kinross' capabilities in the current gold environment, while key development projects including Great Bear and Lobo-Marte advance toward late 2020s production.