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

January 16, 2020 Kinross completes acquisition of high-quality development project
(This news release contains forward-looking information about expected future events 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 release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, Jan. 16, 2020 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) is pleased to announce that it has completed its previously disclosed acquisition of Chulbatkan, a high-quality, heap leach development project in Russia, from N-Mining Limited (“N-Mining”) for total fixed consideration of $283 million. The Company has now commenced a comprehensive exploration drilling program at Chulbatkan with the view to updating the current resource base at year-end 2020. Kinross expects to spend approximately $10 million on initial exploration drilling at Chulbatkan during the year. The Company is also planning to convert estimated mineral...
January 13, 2020 Kinross to announce 2019 Q4/full-year results and 2020 guidance on February 12, 2020
Company also provides 2020 quarterly reporting dates TORONTO, Jan. 13, 2020 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE:KGC) will release its fourth quarter and 2019 full-year financial statements and operating results on Wednesday, February 12, 2020, after market close. The Company will also provide its full-year 2020 guidance, mineral reserve and mineral resource statement as of December 31, 2019, and an exploration and project update. Kinross will hold a conference call and audio webcast on Thursday, February 13, 2020 at 8 a.m. ET to present the results, followed by a question-and-answer session. The call-in numbers for the conference call on Thursday, February 13, 2020 at 8 a.m. ET are as follows: Canada & US toll-free – (877) 201-0168; Conference ID: 1756358
Outside of Canada & US – +1 (647) 788-4901; Conference ID: 1756358 Replay (available up to 14 days after the call): Canada & US toll-free – (800) 585-8367; Conference ID: 1756358
December 16, 2019 Kinross announces US$300 million debt financing for Tasiast
TORONTO, Dec. 16, 2019 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced today that its wholly-owned subsidiary, Tasiast Mauritanie Limited S.A., has signed a definitive loan agreement for up to US$300 million for its Tasiast operation in Mauritania with the IFC (a member of the World Bank Group), Export Development Canada, and with the participation of ING Bank and Société Générale. “We are pleased to have signed the loan agreement, which is indicative of the support from a multilateral lender, an export credit agency and two international banks for our Tasiast operation. The completion of this facility underscores the attractive foreign investment climate in Mauritania,” said J. Paul Rollinson, Kinross President and CEO. “Tasiast has continued to achieve strong results and has operationally outperformed since the completion of the initial expansion. We believe this agreement will contribute to the long-term success of Tasiast for the benefit of both...
December 5, 2019 Kinross to sell Lundin Gold shares for approximately CAD$150 million
TORONTO, Dec. 05, 2019 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced today that it has agreed to sell its remaining 20,656,250 shares in Lundin Gold Inc. (“Lundin Gold”) to a syndicate of buyers for expected gross proceeds of approximately CAD$150 million. The syndicate of buyers includes a wholly-owned subsidiary of Newcrest Mining Limited and the Lundin Family Trust. The shares for sale represent approximately 9.2% of the issued and outstanding shares of Lundin Gold and are based on Lundin Gold's latest publicly released information regarding the number of shares currently outstanding. Closing of the sale is expected to occur on or about December 9, 2019. Kinross is selling its Lundin Gold shares as part of its portfolio management strategy and to further strengthen its balance sheet. About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania,...


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