SueWallSt Reminds Kinross Gold Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of January 5, 2027 - KGC

Important Information Regarding Section 20(a) Individual Liability Claims: the securities action seeks to hold Kinross' chief executive and chief financial officer personally accountable for allegedly reaffirming production guidance the Company allegedly lacked the resources to meet.

NEW YORK, Nov. 12, 2026 /PRNewswire/ -- SueWallSt alerts investors in Kinross Gold Corporation (NYSE: KGC) that CEO J. Paul Rollinson, CFO Andrea Susan Freeborough, and two other senior executives face Section 20(a) control person claims in a pending securities class action covering purchases between February 18, 2026 and September 23, 2026. Find out if you may be eligible to recover losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.

Kinross shares closed at $27.62 on September 23, 2026 and at $24.42 the next day. That was a loss of $3.20 per share, or nearly 11.6%, in a single session. The window to apply for lead plaintiff closes on January 5, 2027.

CEO and CFO Securities Liability Under Section 20(a)

The complaint charges that the officers atop Kinross' reporting chain repeatedly assured the market of a stable multiyear production outlook. According to the complaint, the Company had to slow the rate of ore recovery in order to achieve projected gold output rates from Round Mountain Phase S. Rollinson served as CEO and a director throughout the Class Period, and Freeborough served as Executive Vice President and CFO. Those are the roles that Sections 302 and 906 of the Sarbanes-Oxley Act tie to personal certification of periodic reports.

The pleading also names the chief operating officer, whose retirement was announced July 29, 2026, and the chief technical officer, who was promoted in March 2026. Section 20(a) lets investors seek to hold those who controlled a company jointly responsible for its alleged violations.

Alleged Control Person Liability

• The executives allegedly had authority over the contents of Kinross' SEC reports, press releases, and presentations to analysts and portfolio managers.
• Each allegedly received the challenged releases before or shortly after issuance and could have blocked or corrected them.
• The complaint treats the guidance statements as group-published, meaning the collective product of all four executives.
• Defendants allegedly had non-public information on Round Mountain Phase S output and the machinery used to mine it.
• The action seeks to impute the executives' alleged knowledge to Kinross itself.

Scienter Allegations Against the Kinross Officers

The complaint asserts that the executives knew, should have known, or were deliberately reckless in not knowing that their assurances were misleading when made. It alleges they kept reaffirming full-year guidance as Phase S posted successive quarterly production declines. The pleading also asserts investors were never warned that equipment carrying greater dilution risk was in use at the mine.

"Corporate officers have a duty to ensure their companies' public statements are accurate and complete. The complaint alleges that Kinross' senior leadership kept reaffirming its production outlook through three quarterly reports before cutting it on September 23, 2026. Investors deserve to know who controlled those statements and what they knew." -- Joseph E. Levi, Esq.

Submit your information to learn more or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured billions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the KGC Lawsuit

Q: What court was the KGC class action filed in? A: The case was filed in the United States District Court for the District of Colorado, governed by the Private Securities Litigation Reform Act of 1995.

Q: Who are the defendants named in the KGC lawsuit? A: The complaint names Kinross Gold Corporation and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.

Q: What is the KGC class action lawsuit about? A: A securities class action has been filed against Kinross Gold Corporation (NYSE: KGC) alleging materially false and misleading statements between February 18, 2026 and September 23, 2026. Shares fell approximately 11.585% after the Company disclosed that it was reducing full-year 2026 and 2027 attributable production guidance to approximately 1.84 to 1.86 million gold equivalent ounces per year. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What happens after I provide my information? A: Your trading history will be reviewed at no cost for an initial assessment of your potential eligibility.

Q: What if I already sold my KGC shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (888) SueWallSt

Fax: (212) 363-7171

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SOURCE SueWallSt.com