The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Kinross Gold Corporation (“Kinross” or the “Company”) (NYSE: KGC) securities between February 18, 2026 and September 23, 2026, inclusive (“the Class Period”). If you suffered a loss on your Kinross investments, you have until January 5, 2027 to request lead plaintiff appointment.
[CONTACT THE FIRM IF YOU SUFFERED A LOSS]
Investors are encouraged to fill out the contact form above or contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com to discuss your rights or interests in the securities fraud class action lawsuit at no cost.
What Is This Lawsuit About? The lawsuit alleges that Kinross made false and/or misleading statements and failed to disclose the true state of the Company’s production, specifically, that Kinross did not have the necessary resources and/or was otherwise ill-equipped to achieve production of the approximately 2 million gold equivalent ounces (“Au eq. oz.”) being projected.
On September 23, 2026, Kinross released a mid-quarter “Operational and Return of Capital Update,” announcing that full-year 2026 and full-year 2027 attributable production guidance were being reduced to 1.84 million to 1.86 million Au eq. oz. The Company stated that the guidance reduction was due to issues at “two smaller assets, La Coipa and Round Mountain, and is the result of extreme weather and operational challenges.” Kinross explained that at La Coipa (the Company’s gold mine in Chile), “a series of unprecedented winter weather events throughout the third quarter disrupted mining and milling activities,” and at Round Mountain (the Company’s gold mine in Nye County, Nevada), “lower mining rates and lower than expected grade and recoveries have reduced annual production expectations.” On this news, the price of Kinross shares declined by $3.20 per share, or approximately 11.5%, from $27.62 per share on September 23, 2026 to close at $24.42 on September 24, 2026.
On September 29, 2026, Kinross CEO J. Paul Rollinson disclosed that ore recovery challenges at Round Mountain were “operational” and “related to some dilution” caused by the Company’s use of oversized machinery. Rollinson stated, “What we have done is taken the decision to reduce the size of the fleet. We’ve gone from bigger shovels to smaller shovels. That allows us to do more selective mining, less dilution. That’s preserving gold. The converse of that, of course, is it slows down our mining rate.”
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The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Courts do not consider lead plaintiff applications submitted after the relevant deadline. If you choose to take no action, you may remain an absent class member. Learn more about the lead plaintiff process and eligibility requirements here. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.
[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]
What Should I Do? If you purchased or otherwise acquired Kinross securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found on Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261109714135/en/
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