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May 22, 2020 Kinross announces suspension of strike at Tasiast mine
TORONTO, May 22, 2020 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE:KGC) announced today that the strike by unionized employees at its Tasiast mine has been suspended at the request of the Government of Mauritania. The recent shutdown, which began on May 5 th and ended today, is not expected to materially affect 2020 production or the development of the 24k expansion. The Company has adhered to the three-year collective labour agreement finalized in Q4 2019, all applicable labour codes, and rigorously complied with all government mandates related to COVID-19 prior to the strike and will continue to do so going forward. While the Company disagrees with the basis for the strike, it remains open to discussions with the staff delegates. About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Chile, Ghana, Mauritania, and Russia. Kinross maintains listings on the Toronto Stock Exchange (symbol:K)...
May 7, 2020 Kinross announces Annual Shareholder Meeting voting results
New board member appointed TORONTO, May 07, 2020 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX: K, NYSE: KGC) has announced the detailed voting results of the election of its Board of Directors, which took place at the Company’s virtual Annual and Special Meeting of Shareholders on May 6, 2020. The nominees listed in the Management Information Circular dated March 11, 2020 were elected as directors of Kinross at the meeting (see detailed voting results below). The Company is also pleased to announce the appointment of a new director, Mr. Glenn A. Ives (biography is below). The appointment brings membership on the Kinross board of directors to ten, following the appointment of Elizabeth D. McGregor, announced in November 2019. Board of Directors voting results Nominee Votes for % for Votes withheld % withheld Ian Atkinson 815,205,689 97.27 22,917,576 2.73 John A. Brough 814,475,300 97.18 23,647,965 2.82 Kerry D. Dyte 836,470,243 99.80 1,653,022 0.20 Glenn A. Ives 836,441,872 99.80...
May 5, 2020 Kinross reports 2020 first-quarter results
Kinross in strong financial position with robust cash flow and total liquidity of $1.9 billion Tasiast delivers record production and throughput rates for the second consecutive quarter TORONTO, May 05, 2020 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX: K, NYSE: KGC) today announced its results for the first-quarter ended March 31, 2020. (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 page 19 of this release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) 2020 Q1 highlights: Production1 of 567,327 attributable gold equivalent ounces (Au eq. oz.), and sales of 552,742 Au eq. oz. Reported net earnings2 almost doubled to $122.7 million, or $0.10 per share, and adjusted net earnings3 increased by 53% to $127.4 million, or $0.10 per share, compared with...
May 5, 2020 Unionized employees strike at Tasiast mine
TORONTO, May 05, 2020 (GLOBE NEWSWIRE) - Following a strike notice filed by Tasiast staff delegates, unionized employees at Kinross Gold Corporation’s (TSX:K; NYSE:KGC) Tasiast mine today initiated a strike action. The Company disagrees with the basis of the strike notice but remains open to discussions with the staff delegates to resolve the situation. Kinross has adhered to the collective labour agreement finalized in November 2019 and all applicable labour codes and is disappointed that Tasiast staff delegates have decided to pursue this opportunistic course of action during the global pandemic. The Company has rigorously complied with all government mandates related to COVID-19 and has continued to prioritize the health and well-being of its employees while safely operating the mine and maintaining the significant benefits it provides to the Mauritanian economy. There have been four short labour actions at Tasiast since Kinross acquired the mine, the last being in 2016. The...


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