Kinross Gold announced October 28 that it increased its 2026 shareholder-return commitment from 40% to 50% of free cash flow, alongside quarterly results showing lower cash generation.
Operating cash flow was $714.4 million for the three months ended September 30, down from $1.024 billion a year earlier. Attributable free cash flow declined to $281.3 million from $686.7 million. The company attributed the decline in its free-cash-flow measures to sales timing and increased capital spending.
Reported net earnings were $583.2 million, or 49 cents a share, compared with $584.9 million, or 48 cents, a year earlier. Adjusted earnings rose to $591.3 million from $529.6 million. Adjusted earnings and free cash flow are supplemental measures distinct from standard accounting profit.
Kinross said it repurchased $710 million of shares during the first nine months and another $100 million during October. Including dividends, shareholder returns exceeded $950 million through October 28.
The company held $2.6 billion in cash and cash equivalents at September 30. All figures are in U.S. dollars.
Sources Kinross Gold third-quarter financial results, October 28, 2026.