Gold Price Rebound Drives Kinross Gold Rally
Kinross Gold (KGC) stock is up 10.6% today due to a rebound in gold prices, which has lifted mining stocks broadly.
The company's strong second-quarter report, including adjusted earnings per share of $0.71, also contributed to the momentum.
Kinross generated $727 million of attributable free cash flow in the quarter and ended June with a significant cash position and no near-term debt maturities.