On September 3, Kinross rose 5.11% in regular trading, trading at $31.795/share, with turnover of $248 million. The stock surged alongside a broad rally in the gold mining sector as spot gold prices rebounded near $4,400 per ounce.

The rally comes as RBC Capital Markets reiterated its bullish outlook on gold, forecasting prices could reach the $5,000 mark by year-end. RBC Global Commodities Strategist Christopher Louney cited geopolitical instability, global de-dollarization trends, and persistent concerns over dollar depreciation as key tailwinds. RBC also expects central bank gold purchases to remain a demand pillar throughout the year. Separately, Deutsche Bank research indicated that systematic CTA buying is nearing exhaustion while selling pressure is also depleting, suggesting gold prices may remain resilient even amid hawkish Fed signals.

Within the Gold sector, gains were broad-based. Agnico Eagle Mines rose 5.26%, B2Gold gained 4.53%, Newmont Mining added 4.38%, Barrick Mining climbed 3.54%, and Coeur Mining advanced 1.56%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)