← Back to TranscriptAgent TranscriptAgent
← All mining companies

Kinross Gold

Gold producer.

producer gold
Sep 2025 → Jun 2026Covered
3 of 10Topics on record
1 executiveNamed on the record
Read Claims & Checks What management and commentators said, and what still needs independent verification 6 interviews with the company · 6 independent recordings · as of 23 Jul 2026
Stage
Producer
Primary commodity
Gold
Latest appearance
04 Jun 2026
On record
6 interviews · 37 statements · 5 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
Paraú reserves almost 5 million ounces
Management-stated Andrea Freeborough Feb 2026
Capital needed
Redbird 2 and satellites capex $490 million
Management-stated Andrea Freeborough Feb 2026
What happens next
Phase X at Round Mountain starting in 2028
Management-stated Andrea Freeborough Feb 2026
The main open question
Rick Rule rates Kinross mid-tier: good recent margin expansion but capital allocation history and reserve/growth concerns persist.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
17 independent voices on record — 8 constructive, 15 neutral, 1 cautious
Shawn Khunkhun, Jeff Clark, Tom Watkins, Greg Crowe…
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Kinross Gold's own claims across 6 interviews — most-covered theme first.

What outside voices pick up on

6 independent voices — people who do not speak for the company — across 24 mentions.

8 constructive 15 neutral 1 cautious
  • Shawn Khunkhun “Referenced as Contango's joint venture partner at Man Choh, providing low-risk operating leverage.”
  • Jeff Clark “Used as a nearby major comparison for A2 Gold’s geology and project setting.”
  • Tom Watkins “Historic operator and last producer; used as a benchmark for prior recoveries and grades.”
  • Teddy Berg “Mentioned as a previous operator in the district whose historic drill data Scorpio has digitized and incorporated into their model…”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says three construction-approved projects will add 3 million ounces of production starting 2028–2029, delivering up to 400,000 oz/year at $1,650 AISC with a 55% combined IRR and $4.1 billion NPV at $4,300 gold.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says three construction-approved projects will add 3 million ounces of production starting 2028–2029, delivering up to 400,000 oz/year at $1,650 AISC with a 55% combined IRR and $4.1 billion NPV at $4,300 gold. An outside bullish view notes Kinross is a major large-cap defensive gold name now showing relative strength amid the gold rally.

▼ Bear case

Rick Rule rates Kinross mid-tier: good recent margin expansion but capital allocation history and reserve/growth concerns persist.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

Rick Rule rates Kinross mid-tier: good recent margin expansion but capital allocation history and reserve/growth concerns persist. The company's guidance (2 million oz equivalent for 2025) is modest; the new projects depend on $4,300 gold assumptions, and no major financing or permitting hurdles are detailed—leaving execution and commodity price hedges unclear.

◆ Watch next

Three projects approved for construction in 2025–2026, with Phase X at Round Mountain and Kuru each starting production in 2028, and Great Bear coming online late 2029.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Three projects approved for construction in 2025–2026, with Phase X at Round Mountain and Kuru each starting production in 2028, and Great Bear coming online late 2029. The $4,300 gold assumption underpins all economics; actual capex spend (Phase X $400M, Kuru $485M, Redbird 2 $490M) over 2026–2028 and first ore from each mine are the concrete milestones to monitor.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 8 statements

The deposit 8

Key takeaway. For the Paraú deposit, management reports reserves of almost 5 million ounces and MéI resources of 3.2 million ounces as of February 2026.

Read the full summary

They say the deposit is expected to deliver up to 400,000 ounces a year in its highest production years and that together with the company's other projects—including Redbird 2 and satellites (640,000 ounces additional production), Kuru (around 100,000 ounces a year), Great Bear (500,000 ounces a year), and an underground operation averaging about 140,000 ounces annually through 2038—the combined contribution is about 3 million ounces of production.

What was actually said
exploration upside
Paraú 3.2 million ounces of M&I resources
“You know we have 3.2 million ounces of M&I resources there.”
Andrea Freeborough· 03 Feb 2026·
reserve size
Paraú reserves almost 5 million ounces
“So you know we've got reserves of almost 5 million uh ounces there.”
Andrea Freeborough· 03 Feb 2026·
resource size
Redbird 2 and satellites combined 640,000 ounces additional production
“Um so together this gives us a combined 640,000 ounces of additional production”
Andrea Freeborough· 03 Feb 2026·
Show the other 5 statements
resource size
average annual production around 140,000 ounces from underground through 2038
“just from the underground. So on average annual production of around 140,000 ounces over that time just from the underground.”
Andrea Freeborough· 03 Feb 2026·
resource size
Great Bear 500,000 ounces a year
“we put out the study last year that shows 500,000 ounces a year”
Andrea Freeborough· 03 Feb 2026·
resource size
together the projects contribute about 3 million ounces of production
“So together the projects contribute about 3 million ounces of production.”
Andrea Freeborough· 03 Feb 2026·
resource size
Kuru production expected around 100,000 ounces a year
“production there we've noted is expected to be around 100,000 ounces a year”
Andrea Freeborough· 03 Feb 2026·
resource size
expected to deliver up to 400,000 ounces a year in highest years of production
“Um and they're expected to deliver up to 400,000 ounces a year in the in the kind of highest years of production.”
Andrea Freeborough· 03 Feb 2026·

Economics 17 statements

Economics 17

Key takeaway. In February 2026, Kinross Gold management presented project economics based on a $4,300 gold price assumption, with the combined portfolio showing an NPV of $4.1 billion, an IRR of 55%, and a payback of less than two years.

Read the full summary

The company reported Kuru with an NPV of $1.2 billion, an IRR of 44%, and initial capex of $485 million; Redbird 2 with an NPV of $1 billion, an IRR of 58%, and an AISC of $1,465 per ounce; and Great Bear at $800 all-in sustaining cost. Management also cited combined AISC of $1,650 per ounce, Redbird 2 and satellites capex of $490 million, and Phase X initial capex of $400 million.

What was actually said
aisc
combined ASIC 1650 per ounce
“The combined ASIC was 1650 per ounce.”
Andrea Freeborough· 03 Feb 2026·
aisc
Redbird 2 ASIC of $1,465 an ounce
“and we're talking about an ASIC here of 14 of $1,465 an ounce.”
Andrea Freeborough· 03 Feb 2026·
aisc
Great Bear AISC $800
“at, you know, $800 uh all in sustaining cost.”
Andrea Freeborough· 03 Feb 2026·
Show the other 14 statements
capex
Redbird 2 and satellites capex $490 million
“Uh it's similar. So the capex for Redbird 2 and and the satellites is $490 million.”
Andrea Freeborough· 03 Feb 2026·
capex
Kuru initial capex $485 million
“The initial investment there is a little bit higher than phase X, but you know, reasonable at 485 million.”
Andrea Freeborough· 03 Feb 2026·
capex
Phase X initial capex $400 million
“So initial capex we've defined at $400 million.”
Andrea Freeborough· 03 Feb 2026·
irr
Redbird 2 IRR of 58%
“and irr of 58%”
Andrea Freeborough· 03 Feb 2026·
irr
combined IRR 55%
“Um together the combined IRRa of 55 55%”
Andrea Freeborough· 03 Feb 2026·
irr
Kuru IRR of 44%
“and an IRRa of 44%”
Andrea Freeborough· 03 Feb 2026·
npv
Kuru NPV of 1.2 billion
“And that gives us an NPV of 1.2 billion”
Andrea Freeborough· 03 Feb 2026·
npv
combined NPV of 4.1 billion
“combined NPV of 4.1 billion irr”
Andrea Freeborough· 03 Feb 2026·
npv
Redbird 2 NPV of a billion dollars
“Um NPV of a billion dollars”
Andrea Freeborough· 03 Feb 2026·
payback
payback was less than two years
“Um and you know payback was less than two years.”
Andrea Freeborough· 03 Feb 2026·
price assumption
Kuru economics at 4,300 gold
“again all those numbers at 4,300 gold.”
Andrea Freeborough· 03 Feb 2026·
price assumption
Redbird 2 economics at 4,300 gold
“all at 4,300 gold”
Andrea Freeborough· 03 Feb 2026·
price assumption
Great Bear economics at $800 all in sustaining cost
“we put out the study last year that shows 500,000 ounces a year at, you know, $800 uh all in sustaining cost.”
Andrea Freeborough· 03 Feb 2026·
price assumption
4,300 gold
“We put out numbers and and metrics at 4,300 gold last week.”
Andrea Freeborough· 03 Feb 2026·

Timeline 12 statements

Timeline 12

Key takeaway. In February 2026, management at Kinross Gold said three projects had been approved to move into construction, with first production expected to start in 2028 — specifically Phase X at Round Mountain that year, and Kuru, which has an…

Read the full summary

envisioned 11-year mine life beginning in 2028. The company also reported that Great Bear is coming into production in late 2029, and that capex spending will run over 2026, 2027 and 2028. For the near term, management gave 2025 guidance of 2 million gold equivalent ounces overall, and 500,000 ounces at Taciius, which is expected to back up to over 600,000 ounces in 2028 and 2029. They also noted that Redbird 2 extends mine life to 2032, that mine life extends to 2038, and that the Paraú operation has a long mine life into the 2030s.

What was actually said
first production
Phase X at Round Mountain starting in 2028
“So in the at the at the start of of uh when we bring Phase X on in 2028”
Andrea Freeborough· 03 Feb 2026·
first production
Great Bear coming into production late 2029
“Um, we have that coming into our production profile in late 2029.”
Andrea Freeborough· 03 Feb 2026·
first production
three projects expected to contribute starting in 2028
“So these three projects are contributors to that uh 2 million ounce profile starting in 2028.”
Andrea Freeborough· 03 Feb 2026·
Show the other 9 statements
milestone
three projects approved to move into construction phase
“We were really pleased to approve these three projects to move into the construction phase.”
Andrea Freeborough· 03 Feb 2026·
milestone
capex spending over 3 years 2026 2027 2028
“that's the investment which is essentially over about 3 years um uh to spend that 400 million getting us as I said into so that's over sort of 26 27 28”
Andrea Freeborough· 03 Feb 2026·
milestone
Paraú long mine life into the 2030s
“So you know long mine life into the 2030s”
Andrea Freeborough· 03 Feb 2026·
milestone
Kuru mine life 11 years starting in 2028
“with an 11-year mine life also starting in 2028.”
Andrea Freeborough· 03 Feb 2026·
milestone
Taciius 2025 guidance 500,000 ounces
“In 2025 the guidance was 500,000 ounces.”
Andrea Freeborough· 03 Feb 2026·
milestone
2025 guidance 2 million gold equivalent ounces
“Ken Ross operates six producing gold mines in four different countries and the guidance for 2025 is 2 million gold equivalent ounces.”
Andrea Freeborough· 03 Feb 2026·
milestone
Redbird 2 extends mine life to 2032
“allows us to extend mine life uh extend that, you know, highly productive open pit mining um out to 2032.”
Andrea Freeborough· 03 Feb 2026·
milestone
Taciius 2028 and 2029 back up over 600,000 ounces
“So in 2028 and 2029 we'll be mining from what we call um West Branch 5 and we'll be back up over 600,000 ounces uh for those years.”
Andrea Freeborough· 03 Feb 2026·
milestone
mine life extending to 2038
“which extends based on what we've defined so far out to 2038”
Andrea Freeborough· 03 Feb 2026·

Outside views 24 mentions

24 mentions by people who do not speak for the company — 8 constructive, 1 cautious, 15 neutral. These are their views, not the company's.

Shawn Khunkhun
neutral
Referenced as Contango's joint venture partner at Man Choh, providing low-risk operating leverage.
Investing News· 19 Jul 2026·
Jeff Clark
neutral
Used as a nearby major comparison for A2 Gold’s geology and project setting.
VRIC Media· 11 Jul 2026·
Tom Watkins
neutral
Historic operator and last producer; used as a benchmark for prior recoveries and grades.
Crux Investor· 10 Jul 2026·
Greg Crowe
neutral
Historic operator and last producer; used as a benchmark for prior recoveries and grades.
Crux Investor· 10 Jul 2026·
Show the other 20 mentions
Teddy Berg
neutral
Mentioned as a previous operator in the district whose historic drill data Scorpio has digitized and incorporated into their model.
Crux Investor· 10 Jul 2026·
David Lotan
bullish
Cited as a strategic investor and example of strong sector performance; also part of the broader M&A backdrop.
MiningStockEducation.com· 08 Jul 2026·
Brian Leni
neutral
Mentioned as a potential JV partner that could rescue a marginal project on Bill's second-tier watch list
MiningStockEducation.com· 02 Jul 2026·
Rick Rule
neutral
Mentioned alongside Eldorado and Agnico as a potential acquirer with existing infrastructure in the Abitibi region.
The Silver Market· 30 Jun 2026·
Samuel Pelaez
bearish
Highlighted as having many large-scale open-pit mines and thus potentially exposed to fuel-cost pressure.
Crux Investor· 18 May 2026·
Shawn Khunkhun
neutral
Mentioned as the operator of the milling infrastructure used for the current gold production strategy.
ITM TRADING, INC.· 08 May 2026·
Unknown speaker
neutral
Discussed as a strategic investor and technical supporter; no direct view on the stock itself.
Resource Talks· 01 May 2026·
Garrett Goggin
bullish
Included among major miners benefiting from strong margins and improved balance sheets.
ITM TRADING, INC.· 01 May 2026·
Shawn Khunkhun
bullish
Referenced as the source for $3,700/oz guidance used in Contango's cash-flow assumptions.
Commodity Culture· 28 Apr 2026·
Referenced as the source for $3,700/oz guidance used in Contango's cash-flow assumptions.
Commodity Culture· 28 Apr 2026·
Donovan Pollitt
neutral
Mentioned in historical context: Kinross acquired Underworld Resources (~2010-2011) which previously held the White Gold assets, and later acquired Great Bear where Dylan Liel worked. Used as credibility backdrop.
Crux Investor· 28 Apr 2026·
Unknown speaker
neutral
Used as a comparison example for heap-leach operations.
Resource Talks· 06 Apr 2026·
Tara Christie
neutral
Referenced for historical takeout comparable — paid $89/oz in 2020 when gold was $1,700
Crux Investor· 05 Apr 2026·
Unknown speaker
neutral
Mentioned as a strategic financer and technical committee participant, not as a direct directional call.
Resource Talks· 24 Mar 2026·
Wes Hanson
neutral
Referenced as Hansen's former employer and as operator of Parakatu, the lowest-grade gold mine in the world (0.4 g/t cutoff, 600Koz/year for 50 years) — an analog for Tower Mountain's potential
Crux Investor· 05 Mar 2026·
Kyle Doops
bullish
Speaker says it is consolidating above prior highs and offers a better setup with a closer invalidation.
Crypto Banter· 04 Mar 2026·
Samuel Pelaez
neutral
Mentioned as the company currently building Snowline's Dixie project
Crux Investor· 02 Mar 2026·
Don Durett
bullish
Listed among quality miners that will double once the rotation occurs.
The Silver Market· 27 Feb 2026·
Don Durett
bullish
Sponsor segment notes Kinross has generated substantial free cash flow at elevated gold prices, with a strong balance sheet and declining debt, positioning it for strategic takeovers.
The Silver Market· 21 Feb 2026·
Shawn Khunkhun
bullish
Named as the friendly processing partner providing Fort Knox capacity for direct shipping ore.
Liberty and Finance· 15 Feb 2026·

Sources 6 interviews

Every interview 6

DateChannelInterviewStatements
04 Jun 2026 Crux Investor Made in America | Revival Gold (TSXV:RVG) - The Case for US-Based Gold Development No claims identified
26 May 2026 Liberty and Finance Massive Gold Shortage Ahead? Revival Gold Targets Production by 2029 | Hugh Agro No claims identified
18 May 2026 Rule Investment Media Caleb Stroup, President & CEO of Headwater Gold | Rule Symposium 2026: Rick Rule interviews No claims identified
08 May 2026 Rule Investment Media Hugh Agro, President & CEO of Revival Gold Inc. | Rule Symposium 2026: Rick Rule interviews No claims identified
03 Feb 2026 Jimmy Connor Kinross Gold Update | Andrea Freeborough and Jimmy Connor 37
11 Sep 2025 The Deep Dive Why This Gold Run Isn’t Over Yet! | Scott Hicks - Prime Mining No claims identified

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 4
placer dome 2
beartrack-arnett 1
crane creek 1
jake creek 1
jupiter 1

Questions people ask

What is Kinross Gold's project and where is it?

Kinross Gold is a producer gold company. Everything here is drawn from its executives' own interviews.

Which interviews mention Kinross Gold?

We track 6 interviews mentioning Kinross Gold, across 5 channels (Crux Investor, Jimmy Connor, Liberty and Finance, Rule Investment Media, The Deep Dive).

What are investors saying about Kinross Gold?

24 independent voices — people who do not speak for the company — are on record discussing it (8 bullish, 15 neutral, 1 cautious). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Kinross Gold cover?

The most-discussed topics on record are economics, timeline, the deposit — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

Workspace Intelligence
YOUR AGENT
Investigation
Open the latest investigation, or start a new one from the left.

Notice

Loading…