Kinross Gold Reports Record 2025 Earnings, Boosts Dividend

SEATTLE (Scrap Monster): Kinross Gold Corporation (TSX: K, NYSE: KGC) reported record financial and operational results for the fourth quarter and full year ended December 31, 2025, underscoring strong margins and robust free cash flow generation.

The company delivered margins of $2,847 per gold equivalent ounce (Au eq. oz.) sold in Q4 and $2,283 for the full year. Operating cash flow reached $1.15 billion in the fourth quarter and $3.76 billion for 2025, while attributable free cash flow totaled $769.4 million in Q4 and a record $2.47 billion for the year. Reported net earnings were $906.5 million, or $0.75 per share, in Q4, and $2.39 billion, or $1.96 per share, for 2025.

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Kinross returned $752.4 million to shareholders in 2025, including $600.3 million in share repurchases and a 17% dividend increase. The board approved a further 14% dividend hike to $0.04 per share quarterly. The company also repaid $700 million in debt, ending the year with net cash of $1 billion and total liquidity of $3.5 billion.

Operationally, Tasiast led margins, Paracatu exceeded 600,000 ounces for the eighth straight year, and La Coipa and U.S. operations met guidance.

CEO J. Paul Rollinson stated that 2025 was a standout year for Kinross, as the company met its guidance targets, achieved strong margins, and delivered record free cash flow of $2.5 billion—up 85% year over year.