Kinross updates Lobo-Marte economics, sees USD 4.3 billion NPV at USD 4,100 gold price

• Kinross updated economics for its Lobo-Marte gold project in Chile to reflect inflation since the 2021 feasibility study.
• Steady-state output forecast at about 350,000 ounces a year over an initial 15-year mine life; all-in sustaining cost estimated near USD 1,000/oz.
• Net present value estimated at USD 4.3 billion at a USD 4,100/oz gold price; internal rate of return 26%; payback 2.3 years.
• Initial capital forecast at about USD 1.8 billion over three years; funding planned from operating cash flow.
• Environmental Impact Assessment accepted for review in Q2 2026; first gold targeted for the early 2030s.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kinross Gold Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607291700PRIMZONEFULLFEED9800526) on July 29, 2026, and is solely responsible for the information contained therein.