Kinross Gold shares fell more than 10% midday on September 24 after the company cut its 2026-2027 production outlook. Attributable gold-equivalent production is now expected at 1.84-1.86 million ounces annually, 2-3% below the low end of prior guidance and roughly 8% below the midpoint. All-in sustaining cost guidance rose to $1,850-$1,900/oz. Management blamed lower mining rates and grades at Round Mountain Phase S. Levi & Korsinsky announced an investigation into potential securities law violations related to prior statements.
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