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Kinross Gold to Post Q3 Earnings: What's in Store for the Stock?
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Key Takeaways
KGC reports Q3 results on Oct. 28, after the closing bell, following four straight earnings beats.
Higher gold prices and strong output at Tasiast and Paracatu are likely to lift quarterly performance.
Higher fuel, royalty and labor costs may pressure Kinross Gold's third-quarter margins.
Kinross Gold Corporation (KGC - Free Report) is slated to report third-quarter 2026 results after the closing bell on Oct. 28.
KGC beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of 11.7%, on average. The benefits of higher gold prices and strong production are expected to reflect on its third-quarter performance amid cost headwinds.
KGC’s shares have declined 2% in a year, underperforming the Zacks Mining – Gold industry’s 13.7% rise.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do KGC’s Revenue Estimates Indicate?
The Zacks Consensus Estimate for KGC’s third-quarter consolidated sales is currently pegged at $2,080.6 million, calling for an increase of 15.5% from the year-ago quarter’s tally.
Factors Shaping KGC’s Q3 Results
Higher gold prices are likely to have supported the company’s performance in the third quarter. Although gold prices have retreated sharply from their January 2026 peak, they remain at supportive levels. Gold came under renewed pressure after reaching a more than three-month high near $4,650 per ounce in late August 2026. Bullion prices fell toward $4,300 an ounce following the U.S. Federal Reserve’s interest rate hike, its first in more than three years, and expectations of another increase before the year-end.
A stronger U.S. dollar and inflation worries stemming from an uptick in oil prices amid concerns over supply disruptions put pressure on gold in September. Bullion closed the third quarter at around $4,150 per ounce, roughly 8% higher year over year.
The strength in gold prices is expected to have allowed KGC to maintain strong margin performance in the September quarter. Our estimate for the third-quarter average realized gold price per ounce for KGC is pegged at $4,138, suggesting a 19.6% rise from the prior-year quarter.
Meanwhile, Tasiast and Paracatu remain the anchor assets in Kinross’ portfolio and continue to provide lower-cost production. They remain the key contributors to KGC's cash flow generation and account for more than half of its production. Both Tasiast and Paracatu are expected to have delivered solid production performance in the third quarter.
Kinross, however, is expected to have faced headwinds from higher production costs in the quarter to be reported. Its attributable production cost of sales was $1,336 per gold equivalent ounce in the second quarter, up from $1,074 a year ago, while the first-half figure rose to $1,358 from $1,056 in the prior-year period. The increase reflected higher fuel, royalty and labor costs. It saw second-quarter attributable all-in-sustaining costs (AISC) of $1,821 per ounce, marking a 22% increase from the year-ago quarter. AISC is expected to have been adversely impacted by cost inflation from elevated crude oil prices in the September quarter.
Our proven model does not conclusively predict an earnings beat for Kinross this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for KGC is -3.73%. The Most Accurate Estimate is pegged at 45 cents, while the Zacks Consensus Estimate is pinned at 47 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: KGC currently carries a Zacks Rank #4 (Sell).
Basic Materials Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows they have the right combination of elements to post an earnings beat this quarter:
The consensus estimate for FCX’s earnings for the third quarter is currently pegged at 80 cents.
DuPont de Nemours, Inc. (DD - Free Report) , scheduled to release earnings on Nov. 3, has an Earnings ESP of +1.35%.
The Zacks Consensus Estimate for DD’s earnings for the third quarter is currently pegged at $1.86. DD currently carries a Zacks Rank #3.
Huntsman Corporation (HUN - Free Report) , slated to release earnings on Nov. 2, has an Earnings ESP of +36.14% and carries a Zacks Rank #3 at present.
The consensus mark for HUN’s third-quarter earnings is currently pegged at 7 cents.
View the Zacks #1 Rank List
Image: Bigstock
Kinross Gold to Post Q3 Earnings: What's in Store for the Stock?
Key Takeaways
Kinross Gold Corporation (KGC - Free Report) is slated to report third-quarter 2026 results after the closing bell on Oct. 28.
KGC beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of 11.7%, on average. The benefits of higher gold prices and strong production are expected to reflect on its third-quarter performance amid cost headwinds.
KGC’s shares have declined 2% in a year, underperforming the Zacks Mining – Gold industry’s 13.7% rise.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do KGC’s Revenue Estimates Indicate?
The Zacks Consensus Estimate for KGC’s third-quarter consolidated sales is currently pegged at $2,080.6 million, calling for an increase of 15.5% from the year-ago quarter’s tally.
Factors Shaping KGC’s Q3 Results
Higher gold prices are likely to have supported the company’s performance in the third quarter. Although gold prices have retreated sharply from their January 2026 peak, they remain at supportive levels. Gold came under renewed pressure after reaching a more than three-month high near $4,650 per ounce in late August 2026. Bullion prices fell toward $4,300 an ounce following the U.S. Federal Reserve’s interest rate hike, its first in more than three years, and expectations of another increase before the year-end.
A stronger U.S. dollar and inflation worries stemming from an uptick in oil prices amid concerns over supply disruptions put pressure on gold in September. Bullion closed the third quarter at around $4,150 per ounce, roughly 8% higher year over year.
The strength in gold prices is expected to have allowed KGC to maintain strong margin performance in the September quarter. Our estimate for the third-quarter average realized gold price per ounce for KGC is pegged at $4,138, suggesting a 19.6% rise from the prior-year quarter.
Meanwhile, Tasiast and Paracatu remain the anchor assets in Kinross’ portfolio and continue to provide lower-cost production. They remain the key contributors to KGC's cash flow generation and account for more than half of its production. Both Tasiast and Paracatu are expected to have delivered solid production performance in the third quarter.
Kinross, however, is expected to have faced headwinds from higher production costs in the quarter to be reported. Its attributable production cost of sales was $1,336 per gold equivalent ounce in the second quarter, up from $1,074 a year ago, while the first-half figure rose to $1,358 from $1,056 in the prior-year period. The increase reflected higher fuel, royalty and labor costs. It saw second-quarter attributable all-in-sustaining costs (AISC) of $1,821 per ounce, marking a 22% increase from the year-ago quarter. AISC is expected to have been adversely impacted by cost inflation from elevated crude oil prices in the September quarter.
Kinross Gold Corporation Price and EPS Surprise
Kinross Gold Corporation price-eps-surprise | Kinross Gold Corporation Quote
What Our Model Unveils for KGC Stock
Our proven model does not conclusively predict an earnings beat for Kinross this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for KGC is -3.73%. The Most Accurate Estimate is pegged at 45 cents, while the Zacks Consensus Estimate is pinned at 47 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: KGC currently carries a Zacks Rank #4 (Sell).
Basic Materials Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows they have the right combination of elements to post an earnings beat this quarter:
Freeport-McMoRan Inc. (FCX - Free Report) , scheduled to release earnings on Oct. 27, has an Earnings ESP of +0.63% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for FCX’s earnings for the third quarter is currently pegged at 80 cents.
DuPont de Nemours, Inc. (DD - Free Report) , scheduled to release earnings on Nov. 3, has an Earnings ESP of +1.35%.
The Zacks Consensus Estimate for DD’s earnings for the third quarter is currently pegged at $1.86. DD currently carries a Zacks Rank #3.
Huntsman Corporation (HUN - Free Report) , slated to release earnings on Nov. 2, has an Earnings ESP of +36.14% and carries a Zacks Rank #3 at present.
The consensus mark for HUN’s third-quarter earnings is currently pegged at 7 cents.