BlackRock Portfolio Management trims Kinross Gold (KGC) stake to 4.9%

Rhea-AI Filing Summary

BlackRock Portfolio Management LLC filed an amended Schedule 13G reporting a passive ownership stake in Kinross Gold Corp common stock as of 12/31/2025. The firm reports beneficial ownership of 59,144,670 shares, representing 4.9% of the outstanding common stock. It has sole voting power over 55,652,565 shares and sole dispositive power over the full 59,144,670 shares, with no shared voting or dispositive power.

The filing notes that this reflects securities beneficially owned by certain business units of BlackRock, Inc., with other units disaggregated. BlackRock certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Kinross Gold, consistent with a passive investment stance.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

KINROSS GOLD CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

496902404

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 496902404

1

Names of Reporting Persons

BlackRock Portfolio Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 55,652,565.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 59,144,670.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

59,144,670.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KINROSS GOLD CORP
(b)	Address of issuer's principal executive offices: 25 YORK STREET, 17TH FLOOR, TORONTO, ONTARIO, CANADA, M5J 2V5
Item 2.
(a)	Name of person filing: BlackRock Portfolio Management LLC In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock Portfolio Management LLC, 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 496902404
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 59,144,670
(b)	Percent of class: 4.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 55,652,565
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 59,144,670
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of KINROSS GOLD CORP. No one person's interest in the common stock of KINROSS GOLD CORP is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock Portfolio Management LLC

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	01/21/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

What percentage of Kinross Gold Corp (KGC) does BlackRock Portfolio Management LLC report owning?

BlackRock Portfolio Management LLC reports beneficial ownership of 4.9% of Kinross Gold Corp's common stock as of 12/31/2025.

How many Kinross Gold Corp (KGC) shares does BlackRock Portfolio Management LLC beneficially own?

The filing states that BlackRock Portfolio Management LLC beneficially owns 59,144,670 shares of Kinross Gold Corp common stock.

What voting and dispositive power does BlackRock have over KGC shares?

BlackRock Portfolio Management LLC has sole voting power over 55,652,565 shares and sole dispositive power over 59,144,670 shares, with no shared voting or dispositive power.

Is BlackRock’s stake in Kinross Gold Corp (KGC) a passive investment?

Yes. BlackRock certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Kinross Gold.

Why does the Schedule 13G/A mention other BlackRock business units?

The filing explains it reflects securities beneficially owned by certain Reporting Business Units of BlackRock, Inc., and does not include securities beneficially owned by other business units whose holdings are disaggregated.

What is the type of reporting person for BlackRock in this KGC Schedule 13G/A?

BlackRock Portfolio Management LLC classifies itself as "HC" (parent holding company or control person) in the Schedule 13G/A.