News & Investors

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

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News Releases

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...
August 25, 2016 Kinross Announces Operational Updates at Bald Mountain, Tasiast and Maricunga
Kinross Gold (TSX: K) (NYSE: KGC) announced today operational updates at its Bald Mountain mine in Nevada , Tasiast mine in Mauritania and Maricunga mine in Chile . Bald Mountain At Bald Mountain , the Company has received a record of decision from the U.S. Bureau of Land Management to allow for increased exploration activities and the mine's potential expansion. The decision allows the Company to expand existing mine facilities and provides significant flexibility for future growth, such as additional heap leach capacity and a carbon adsorption plant, beyond what is required in the current mine plan. The decision, among other exploration activities, will also allow the Company to complete modest infill and metallurgical drilling to potentially increase the mine's mineral reserve estimate, and construct and operate new facilities in the North and South areas of the land package. The Company is focused on developing two sets of deposits, the Vantage Complex and Yankee pits in the South...
August 18, 2016 Kinross Releases Corporate Responsibility Report
Contributed US$4.8 Billion to Host Countries Through Wages, Taxes and Procurement From 2014-2015; Achieved One of Best Safety Records in the Gold Industry Kinross Gold Corporation (TSX: K) (NYSE: KGC) today released its Corporate Responsibility Report , a comprehensive account of the Company's commitment to sustainable mining and transparency. The Report provides an in-depth review of Kinross' corporate responsibility strategy and performance in 2014 and 2015 and highlights key achievements in the areas of health and safety, education, economic benefit, community engagement and the environment. "Mining responsibly is integral to our business strategy and our approach to operational excellence," said J. Paul Rollinson , President and CEO. "The mining industry has a unique opportunity to make a positive and lasting contribution to the well-being of employees and host communities. At Kinross, we believe our long term strength is underpinned by our ability to transform that opportunity...


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