Strong Financial Performance: Kinross Gold reported a solid second quarter with production of 513,000 ounces at a cost of sales of $1,074 per ounce, contributing to record operating margins of over $2,200 per ounce and record free cash flow of almost $650 million for the quarter. This brings the first half cash flow to just over $1 billion, indicating robust financial health.

Positive Outlook for Full-Year Guidance: The company is on track to meet its full-year production guidance of 2 million ounces at a cost of sales of $1,120 per ounce and all-in sustaining costs of $1,500 per ounce. Production in the second half is expected to remain strong at approximately 500,000 ounces per quarter, supporting continued cash flow and profitability.

Return of Capital Initiatives: Kinross has returned almost $300 million to shareholders through share buybacks and dividends thus far in 2025, with a minimum target of $650 million set for the year. The company has already repurchased approximately $225 million of shares and plans to continue share repurchases, reflecting strong confidence in its cash flow and financial position.