Levi & Korsinsky Reminds Kinross Gold Corporation Investors of The Pending Class Action Lawsuit With a Lead Plaintiff Deadline of January 5, 2027 - KGC
NEW YORK CITY, NY / ACCESS Newswire / November 11, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Kinross Gold Corporation (NYSE:KGC) securities.
If you purchased NYSE:KGC securities and suffered a loss, Learn about Kinross Gold Corporation Class Action or call (212)363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: A class action securities lawsuit was filed against Kinross Gold Corporation that seeks to recover losses of Kinross Gold Corporation shareholders who were adversely affected by alleged securities fraud between February 18, 2026 and September 23, 2026.
CASE DETAILS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material facts concerning the true state of Kinross' production guidance; notably, that Kinross did not have the necessary resources and/or was otherwise ill equipped to achieve the approximately 2 million gold equivalent ounces ("Au eq. oz.") being projected.
On September 23, 2026, Kinross issued an "Operational and Return of Capital Update" mid-quarter. In the release, Kinross announced that both full-year 2026 and 2027 attributable production guidance was being reduced to 1.84 million to 1.86 million Au eq. oz. The Company attributed the results, in significant part, on ore recovery challenges at Round Mountain. Defendants would later disclose these challenges were operational in nature and were likely to stem from dilution caused by the use of oversized tools and machinery in the mining process.
On this news, the price of Kinross' common stock declined dramatically. From a closing market price of $27.62 per share on September 23, 2026, Kinross' stock price fell to $24.42 per share on September 24, 2026, a decline of about 11.5% in the span of just a single day.
WHAT'S NEXT? If you purchased Kinross Gold Corporation securities during the relevant time frame, learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured billions of dollars for aggrieved shareholders. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
SOURCE: Levi & Korsinsky, LLP