Kinross Gold Corporation (KGC) reported a 6% year-over-year increase in production costs of sales per ounce, reaching $1,043 in Q1 2025. All-in-sustaining costs (AISC) rose nearly 3% to $1,355 per gold equivalent ounce. The increase in costs comes despite a 9% rise in average realized gold prices to $2,857 per ounce, highlighting inflationary pressures.
For the full year 2025, KGC anticipates an AISC per gold equivalent ounce of approximately $1,500, with cash costs around $1,120 per ounce, largely due to expected production dips and inflation impacts. In comparison, Barrick Mining Corporation (B) saw a 22% sequential increase in AISC to $1,775 per ounce, while Newmont Corporation (NEM) reported a 16% rise in gold costs to $1,227 per ounce and AISC of $1,651 per ounce.
Despite higher costs, KGC’s shares have increased by 73.6% year-to-date, outperforming the Zacks Mining – Gold industry, which advanced by 58.7%.
