$KGC

Canada’s TSX commodity index rose Tuesday and futures edged higher Wednesday, supported by gold near a one-month peak and higher oil prices. Kinross Gold shares gained in premarket. Thomson Reuters beat Q2 estimates and raised its annual revenue growth forecast; Suncor and iA Financial also reported results. U.S. index futures rose as AMD and SpaceX fell after earnings.

Investing.com reports gold futures rebounded to $4,320.42 (+0.35% intraday, +3.84% this week) after a floor near $4,000, lifting gold miners 7% to 10% on Wednesday. It cites technical levels for gold and highlights Q2 cash flow and balance-sheet updates for Newmont (record Q2 FCF $2.2B), Agnico Eagle (record Q2 FCF $1.3B), and Kinross (record cash $2.7B).

Canada’s TSX hit a fresh intraday high, up 1% to 36,174.06, helped by a Shopify rally after its revenue forecast beat estimates and by higher gold prices. Kinross rose 7.4% to $35.65. Thomson Reuters and Suncor reported results, while iA Financial and Gran Tierra moved on earnings and a $1.33B asset sale.

Canadian TSX futures edged higher midweek as gold hit a one-month peak and oil rose. The TSX closed Tuesday up 575.45 points (1.6%). Kinross Gold shares rose 3.4% premarket. Thomson Reuters beat Q2 estimates and raised its annual revenue growth forecast; Suncor and iA Financial also reported results. US index futures gained; AMD fell, Disney rose.

Kinross Gold (KGC) reported Q2 2026 adjusted earnings of 71 cents per share, up 61.4% year over year, beating the Zacks estimate of 66 cents. Revenue rose 29.5% to $2.2 billion, though below consensus. Higher realized gold prices lifted results despite lower attributable production and higher costs. The company reiterated 2026 guidance.

Kitco reports gold has consolidated near $4,000 per ounce as rising real yields and higher-for-longer rates weigh on demand. It says Q2 earnings showed improved miner cash generation: Agnico Eagle generated $1.335B free cash flow and returned $625M; Kinross produced $725M free cash flow, net cash $1.9B, and returned about 40%; Alamos Gold made $143.5M. Bank of America lowered its 2026 gold forecast but stayed constructive on gold equities.

Banks, Bausch Rate Attention Equities in Canada’s largest market jumped Thursday, as oil prices retreated once again, and as health-care issues competed with resource stocks as top gainers. The TSX forged ahead 172.06 points to end Thursday at 35,505.84. The Canadian dollar added 0.17 cents at 71.41 cents U.S. Vermilion Energy and Kinross Gold posted higher second-quarter profits amid a flurry of earnings releases from energy and mining companies late Wednesday.

Lightspeed, Thomson in Spotlight Canada's main stock index edged lower in choppy trading on Thursday, as gains in mining and heavyweight financial stocks were countered by losses in technology and industrials shares. The TSX headed south 37.04 points to reach noon EDT Thursday at 35,296.74. The Canadian dollar added 0.13 at 71.38 cents U.S. Vermilion Energy and Kinross Gold posted higher second-quarter profits amid a flurry of earnings releases from energy and mining companies late Wednesday.

Canada’s S&P/TSX Composite edged up 0.15% to 14:27 ET, supported by energy and mining earnings, including Vermillion Energy and Kinross Gold reporting better-than-expected Q2 profits, with more results due from Eldorado Gold and Baytex Energy. U.S. indices rose on strong results and steady capex guidance from Microsoft, while gold firmed on Middle East tensions.

Kinross Gold raised the projected cost of its Lobo-Marte gold project in Chile by 67% to $1.8 billion, while keeping post-tax NPV at $4.3 billion. The update targets ~350,000 oz/year for 15 years at about $1,000 AISC. Kinross also reported Q2 results and progress at Great Bear.