TORONTO, Ontario - Kinross Gold Corporation
("Kinross" or the "Company") (TSX-K; NYSE-KGC) is pleased to
announce that it has increased its revolving credit facility to
US$295 million. The credit facility matures in three years, and
includes several new banks.
The new credit facility was co-led by Scotia Capital, which also
acted as Administrative Agent, and Société Générale, which also
acted as Syndication Agent. RBC Capital Markets and ANZ Banking
Group Limited were Documentation Agents. A total of 10 banks
participated in the facility.
Tye Burt, President and C.E.O., said, "We are pleased to have
the backing of such a strong syndicate. This facility will allow
Kinross more flexibility to drive the Company forward in executing
our development strategy".