Proactive Investors
27 Dec 2025, 16:00 UTC · 45w ago
Gold miners bask in a rare spell of discipline
Impact · against what's priced in
The outlook for gold miners is mixed; while aggressive gold price targets and disciplined balance sheets provide a strong macro tailwind, specific operational headwinds for major producers suggest potential earnings misses. Kinross, Agnico Eagle, and Barrick face targeted downside risk due to anticipated production misses and cost overruns that likely exceed market expectations.
- K−0.30
No priced-in read yet
- In context
Kinross is identified as having the greatest downside risk relative to consensus, specifically regarding 2026 production being 1% below consensus and costs being 8% higher than expected.
Read from the article alone
