Kinross Gold Corporation shares fell more than 10% by midday on September 24, 2026, after the company reduced its gold-production guidance for 2026 and 2027. The company lowered its annual outlook to approximately 1.84–1.86 million gold-equivalent ounces, citing extreme winter weather at its La Coipa mine in Chile and operational challenges at Round Mountain in Nevada. The revised outlook also indicated higher expected costs, with all-in sustaining costs projected at $1,850–$1,900 per ounce. Although Kinross increased its shareholder-return target to 50% of free cash flow, investors focused on the lower production forecast and its impact on future cash generation.