October 4, 2016
Kinross Announces New Collective Labour Agreement at Tasiast
Kinross Gold Corporation (TSX: K) (NYSE: KGC) is pleased to announce that it has agreed to a new three-year collective labour agreement (CLA) with unionized employees at its Tasiast mine in Mauritania . As previously announced in its Q2 2016 results news release, the Company and the Government of Mauritania have also agreed to a "Mauritanization" plan to increase the number of local workers at Tasiast, a requirement under Mauritanian law. Tasiast resumed normal mining and processing activities in mid-August after resolving the expatriate work permit issue, which was part of the Mauritanization plan agreement. The new CLA and Mauritanization plan underscore the strong ongoing partnerships Kinross continues to build in the country with both its employees and the Government. About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States , Brazil , Russia , Mauritania , Chile and Ghana . Our focus is on delivering value...
September 29, 2016
Kinross to Announce Q3 Financial Results on November 2, 2016
Kinross Gold (TSX: K) (NYSE: KGC) will release its financial statements and operating results for the third quarter 2016 on Wednesday, November 2, 2016 , after market close. A conference call and audio webcast will then be held on November 3, 2016 at 8 a.m. ET to present the results, followed by a question-and-answer session. The call-in numbers are as follows: Canada & US toll-free - 1-800-319-4610
Outside of Canada & US - 1-604-638-5340 Replay (available up to 14 days after the call): Canada & US toll-free - 1-800-319-6413; Passcode - 0783 followed by #.
Outside of Canada & US - 1-604-638-9010; Passcode - 0783 followed by #. You may also access the conference call on a listen-only basis via webcast at www.kinross.com, where it will also be archived. About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value...
September 26, 2016
Kinross Sells Portion of Lundin Gold Shares
Kinross Gold Corporation (TSX: K) (NYSE: KGC) announced today the signing of an agreement with GMP Securities L.P. ("GMP") pursuant to which GMP has agreed to purchase, for re-sale on a private placement basis, 5,500,000 common shares of Lundin Gold Inc. ("Lundin Gold") (the "Sale"), representing approximately 4.6% of currently outstanding common shares. GMP is purchasing the shares at a price per share of CAD$5.60 , resulting in gross proceeds of CAD$30,800,000 . Prior to closing of the Sale, Kinross holds 26,156,250 shares, representing approximately 22.1% of the issued and outstanding shares. Upon closing of the Sale, Kinross will hold 20,656,250 shares, representing approximately 17.4% of the issued and outstanding shares. All share ownership percentages in this news release are based on Lundin Gold's latest publicly released information regarding the number of shares currently outstanding. Closing of the Sale is subject to customary closing conditions and is expected to occur on...
September 1, 2016
Kinross Announces Debt Repayment
(This news release contains forward-looking information about future events, actions and performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located at the end of this news release. All dollar amounts are expressed in U.S. dollars.) Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced today that it has repaid $250 million in senior notes that were due September 1, 2016. With this repayment, Kinross has no other debt maturities until 2020, as the maturity dates of the Company's $500 million term loan and $1,500 million revolving credit facility were extended by one year to August 10, 2020 and August 10, 2021 , respectively. With no debt maturing in the next four years, a strong balance sheet and excellent liquidity, Kinross expects to have the financial flexibility to fund organic growth opportunities within its global portfolio, including the Tasiast Phase One expansion and potential Bald Mountain...