New York, Feb 24, 2026, 08:03 ET — Premarket
- Kinross ended Monday ahead by 6.2%, lifted as gold prices gained ground amid tariff uncertainty.
- Early Tuesday, bullion edged lower with traders pocketing gains while the dollar held firm.
- Focus right now: tariff headlines, comments from the Fed, plus Kinross and the March dividend schedule.
Kinross Gold shares popped up again for traders Tuesday before the U.S. bell, coming off a strong rally the previous session—this, despite gold prices slipping from a recent three-week high.
Shares of the Canadian miner often track bullion, since gold prices drive its revenue and a lot of expenses are set after operations begin. That combination can send the stock moving sharply when gold shifts.
Mining stocks in Canada’s materials sector caught a bid on Monday, buoyed by a rally in gold prices, while the broader Toronto market edged lower. Investors sought safety as trade-policy jitters persisted. (Reuters)
Kinross (NYSE:KGC) closed out Monday’s session at $35.53, gaining 6.22%. Shares shifted between $34.07 and $35.55, Investing.com data show. (Investing)
Spot gold jumped over 2% on Monday, trading at $5,206.39 an ounce by early afternoon in the U.S., while April U.S. gold futures wrapped up 2.8% higher at $5,225.60, according to Reuters. “Gold prices could rise sharply this week once activity picks up,” CPM Group’s Jeffrey Christian said. (Reuters)
Spot gold slipped 1.1% to $5,174.68 an ounce by Tuesday, with the dollar edging up around 0.2%, according to Reuters. “There was some profit taking as prices spiked,” said MarketPulse by OANDA analyst Zain Vawda, though he noted the “broader narrative” for gold remained tilted higher. (Reuters)
U.S. stock index futures edged up early Tuesday following Monday’s drop. As of 7:16 a.m. ET, Dow futures had gained 0.25%, S&P 500 futures were up 0.17%, and Nasdaq 100 futures rose 0.37%, according to Reuters. “The lack of clarity regarding their duration and scope keeps volatility elevated,” said Antonio Di Giacomo, senior market analyst at XS.com. (Reuters)
Kinross comes in with its own story. The miner last week posted record free cash flow at $2.5 billion, finishing the year holding a net cash position of $1 billion. For 2026, the company expects to produce around 2.0 million gold equivalent ounces, with all-in sustaining costs pegged at $1,730 per ounce—an industry standard figure that captures sustaining capital to keep operations running. CEO J. Paul Rollinson described “strong momentum into 2026,” pointing to a strategy centered on “margins and cash flow.” Kinross plans to return 40% of its free cash flow to shareholders via buybacks and dividends. (Kinross)
Kinross’ board signed off on a 14% boost to its dividend on Feb. 18, raising the annual payout to $0.16 a share, the company said. The board also declared a quarterly dividend of $0.04, set for payment on March 26 to shareholders of record as of March 11. (Kinross)
But it’s a double-edged setup. Should gold take a sharper dive — say, if the dollar firmed up or trade tensions cooled — miners could feel the squeeze fast, particularly if their sustaining costs inch up heading into 2026.
