Kinross Gold Corporation lowers production guidance due to extreme weather in Chile
- Reports
- 4
- Developments
- 1
- Repetition
- 75%
New informationRepeats or wire copies
What happened
Kinross Gold Corporation lowered its expected attributable production for 2026 and 2027 by 2% to 3% below the low end of previous guidance, expecting 1.84 to 1.86 million gold equivalent ounces per year. This reduction is attributed to extreme weather and operational challenges at the La Coipa and Round Mountain assets in Chile.
From manilatimes.net
Why it matters
The company adjusted its cost guidance, with all-in sustaining cost expected to be $1,850 to $1,900 per gold equivalent ounce sold. Despite the production cut, Kinross is increasing its return of capital target from 40% to 50% of free cash flow for 2026.
From manilatimes.net
Who's involved
- ChileLocation where mining operations are affected by extreme weather
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- London Metal ExchangeSpeculative
The London Metal Exchange might experience downward pressure on its benchmarks if copper supply from Chilean assets is reduced.
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The entities involved
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Chile
country in South America and Oceania, with a claim in Antarctica
Related events
- Lundin Mining, a company operating in Chile, was impacted by a severe winter storm on November 1, 2024.
- Protocols have been signed between Chile and Argentina to facilitate cross-border mining ventures in the Andes region.
- Governor suspended mining efforts in wilderness, involving a subsidiary of Antofagasta Minerals.
- Halo Minerals PLC is developing a copper and gold tailings project in Chile.
- Kinross Gold Corporation is under investigation regarding federal securities laws concerning its Round Mountain mine in Nevada and La Coipa mine in Chile.