Kinross Gold Corporation shares rebounded 1.84% to $24.87 Friday after dropping 12.53% to $24.16 on Thursday, when reduced 2026 and 2027 production guidance, higher cost estimates, lower analyst price targets and broader precious-metals weakness pressured the stock. Kinross now expects annual production of 1.84 million to 1.86 million gold equivalent ounces in 2026 and 2027, about 8% below the midpoint of its previous 1.9 million-to-2.1 million-ounce range, and lifted its 2026 all-in sustaining costs estimate to $1,850-$1,900 per ounce from $1,730. The company attributed the changes to winter conditions and metallurgical complications at La Coipa in Chile, along with lower mining rates and ore grades at Round Mountain in Nevada, while saying Paracatu and Tasiast remained on track. Kinross also raised its planned 2026 distribution to shareholders to 50% of attributable free cash flow from 40%. CIBC analyst Anita Soni retained an Outperformer rating but cut her price target to $50 from $54. Scotiabank analyst Tanya Jakusconek previously reduced her target to $39 from $41 while maintaining a Sector Outperform rating, and TD Securities cut its target to $35 while retaining a Buy rating. Kinross still has an overall Buy consensus, with the average analyst target at $38.43. No specific news was cited for Friday’s recovery, which followed the sharp Thursday decline.