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. 1
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. 2
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. 3
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. 4
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. 5
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. 6
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. 7
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.
