Kinross CEO on $650M Free Cash Flow and $300M Returned to Shareholders

Kinross Gold (TSX: K; NYSE: KGC) CEO Paul Rollinson speaks with Kitco Mining at the Mining Forum Americas 2025 about record cash generation, cost control, and growth. In Q2, Kinross delivered 530,000 ounces of gold production at all-in sustaining costs of US$1,500 per ounce, generating a margin of more than 50% and a record US$650 million in free cash flow. The company’s cash balance surpassed US$1 billion, while its share price climbed 140% year-on-year, the strongest among the major gold miners. “We’ve had greater margin expansion than the gold price increase, which demonstrates we’re holding the line on cost,” Rollinson says. Capital allocation remains a priority, with Kinross essentially net cash. “We committed to $650 million return of capital. We will do that,” Rollinson says, noting the company is also attracting more generalist investors thanks to its liquidity, dividend policy, and strong free cash flow yield. Growth is anchored by Phase X underground at Round Mountain, Curlew, Great Bear, and Lobo-Marte. At Great Bear, a PEA outlines 800,000 to 500,000 ounces per year at US$800 AISC, equating to about US$1 billion in annual free cash flow at today’s gold price. Nevada’s Redbird 2 decision is expected later this year, while Chile offers long-life potential through Lobo-Marte and Maricunga. Stay tuned to Kitco Mining for more coverage from Mining Forum Americas 2025. Special thanks to our sponsor, Metalla Royalty & Streaming Ltd, for making this coverage possible. 👉 To learn more, visit https://metallaroyalty.com 00:19 Kinross Gold's Impressive Q2 Performance 00:58 Operational Excellence and Cost Management 02:12 Development Pipeline and Future Prospects 02:42 Cost Control in the Mining Sector 06:01 Capital Allocation and Shareholder Returns 08:07 Development Projects and Financing 16:43 Great Bear Project Overview 20:54 Nevada Operations Update 22:36 Chile Strategy and Water Management 24:58 Competitive Landscape and Industry Consolidation __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.