Kinross Gold (K.TO, KGC), slipped 4.9% in after-hours New York trading after the company said its fourth-quarter adjusted profit and revenue rose year-over-over, with the company issuing its 2025 production guidance.
Adjusted profit, excluding most one-time items, rose to US$240 million, or US$0.20 per share, in the period, up from US$140 million, or US$0.11, in the year-prior quarter.
Revenue rose to US$1.42 billion from US$1.12 billion in the prior year.
Kinross produced 501,209 gold-equivalent ounces during the quarter, down from 546,513 ounces in the previous corresponding quarter.
The company said it expects to produce around 2-million gold equivalent ounces in 2025 from its operations. Production is expected to remain stable at about 2-million attributable gold equivalent ounces for each of 2026 and 2027.
The board maintained its quarterly dividend of US$0.03 per share, which is payable on March 20 to shareholders of record as of the close of business on March 5.
Kinross shares were last seen down US$0.60 to US$11.55 after hours. They closed up $0.16 to $17.93 on the Toronto Stock Exchange.
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