News & Investors

Kinross is a senior gold producer focused on maximizing free cash flow through operational excellence and financial discipline.

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February 14, 2018 Kinross reports 2017 fourth-quarter and full-year results
Achieves sixth straight year of strong results and meeting production and cost guidance Bald Mountain doubles production and Tasiast lowers cost of sales per ounce about 30% year-over-year TORONTO , Feb. 14, 2018 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K) (NYSE:KGC) today announced its results for the fourth-quarter and year-end December 31, 2017 . (This news release contains forward-looking information about expected future events and financial and operating performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on pages 20 and 21 of this release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) 2017 fourth-quarter highlights:    Production1: 652,710 gold equivalent ounces (Au eq. oz.), compared with 746,291 Au eq. oz. in Q4 2016. Revenue: $810.3 million, compared with $902.8 million in Q4 2016. Production cost of sales2: $653 per Au eq. oz., compared...
February 14, 2018 Kinross announces acquisition of power plants in Brazil to secure long-term, low-cost power for Paracatu mine
(This news release contains forward-looking information about expected future events and financial and operating performance of the Company. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, Feb. 14, 2018 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K) (NYSE:KGC) (“Kinross”) is pleased to announce that its wholly-owned subsidiary, Kinross Brasil Mineraçao, has agreed to acquire two hydroelectric power plants in Brazil from a subsidiary of Gerdau SA (NYSE:GGB) (“Gerdau”) for $257 million1. The two plants are expected to secure a long-term supply of power for Kinross’ Paracatu mine, resulting in lower production costs over the life of mine. Kinross expects to fund the acquisition by pursuing debt financing of approximately $200 million , with the balance from existing liquidity, which totalled approximately $2.6 billion at year-end 2017. Strategic rationale for acquisition Lower production costs – expected to lower production cost of sales by...
February 14, 2018 Kinross provides update on organic development projects and full-year 2017 exploration results
Five projects advancing on schedule and on budget; three development opportunities proceeding well  Tasiast two-phased expansion on track, with Phase One production expected by end of June TORONTO , Feb. 14, 2018 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K) (NYSE:KGC) provided today updates to its organic development projects, exploration program and its estimated mineral reserves and resources.
(This news release contains forward-looking information about expected financial and operating performance of the Company. All mineral reserves and mineral resources, as well as mine life disclosures, are estimates.) Organic development projects:   Tasiast Phase One : Proceeding on schedule and on budget and is expected to commence full commercial production by the end of June. Plant construction is now 93% complete. Tasiast Phase Two : On schedule to commence construction as Phase One nears completion. Phase Two is expected to begin commercial production in Q3 2020 and...
January 23, 2018 Kinross updates timing for 2017 Q4/full-year results conference call
Kinross Gold Corporation (TSX:K) (NYSE:KGC) has updated the timing of its 2017 Q4/full-year results conference call and audio webcast, which is now scheduled for 9 a.m. ET on Thursday, February 15, 2018 . A question-and-answer session will follow the management presentation during the call. The Company will release its 2017 Q4/full-year financial statements and operating results, along with its 2018 guidance, mineral reserve and mineral resource statement as of December 31, 2017, and an exploration update, on Wednesday, February 14, 2018, after market close. The call-in numbers for conference call on Thursday, February 15, 2018 at 9 a.m. ET are as follows: Canada & US toll-free – (866) 393-4306; Conference ID: 9094608 Outside of Canada & US – +1 (734) 385-2616; Conference ID: 9094608 Replay (available up to 14 days after the call): Canada & US toll-free – (855) 859-2056; Conference ID: 9094608 Outside of Canada & US – +1 (404) 537-3406; Conference ID: 9094608 You may...

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