Skip to main content
David Shaver

David Shaver

Executive Vice-President, Investor Relations and Communications at Kinross Gold (NYSE: KGC).

Oct 11, 2026

ThomasHOST
4:59
What specific operational levers are, are proving most effective at holding the line at unit, on, on unit costs?
5:06
Yeah, thanks.
5:06
That's a great question, and we get asked all the time.
5:09
And I think for context, we're already in a favorable relative cost position, supported by our grade enhancement strategy, uh, which we began executing in 2022.
5:21
The strategy started with the restart of La Coipa, followed by the Tasiast mill expansion.
5:26
Both increased the contribution of higher grade, lower cost ounces across the portfolio.
5:32
Manh Choh in Alaska added another meaningful source of grade enhancement in '24, which contributed seven to eight gram per ton material through our Fort Knox mill.
ThomasHOST
9:52
How does the foundational strength of your cornerstone assets allow Kinross to absorb these localized short-ter- short-term guidance tweaks without derailing the broader business and broader outlook?
13:55
If you could give us a whirlwind around the company, that'd be great.
13:58
Yeah, sure.
13:59
So we're, you know, we're a 2 million ounce, we're a stable.
14:03
We've been producing about 2 million ounces of gold per year.
14:07
Our 2026 production cost guidance is $1,360 an ounce on a cash cost basis.
14:17
And on an all-in sustaining cost, when you include capital, that's $1,720 an ounce.
14:23
So, you know, you can just see really strong margins relative to the current gold price.

6 MINS LATER

20:07
How do you think about capital deployment and opportunities like a great bear and, you know, obviously putting capital into the ground uh this is a chunky business right this isn't like you're you're not a widget factory right and so um and then at the same time you know me as an investor i still want to see that free cash flow yield like how do you balance all that um and also buybacks as well uh all buybacks dividends all you give us the kind of recipe of uh of delicately balancing capital deployment with with the metrics i want to see as an investor

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.