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

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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,...
December 2, 2019 Kinross announces sale of royalty portfolio to Maverix Metals for total consideration of $74 million
TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) today announced that it has entered into an agreement to sell its royalty portfolio to Maverix Metals Inc. (“Maverix”) for total consideration of US$74 million, which includes US$25 million in cash and approximately 11.2 million Maverix common shares, representing a 9.4% ownership interest in Maverix. “This agreement realizes the value of our royalty portfolio today while also providing upside exposure through a meaningful equity position in Maverix, a company with a proven track record of growth,” said J. Paul Rollinson, President and CEO of Kinross Gold. As part of the transaction, Kinross will enter into an investor rights agreement with Maverix on closing, which among other customary terms and conditions, will provide Kinross with pre-emptive rights to participate in any future equity financings to maintain its ownership position. The transaction is targeted to close on or before...
November 6, 2019 Kinross reports 2019 third-quarter results
On track to meet production guidance and lower end of cost of sales guidance Construction and commissioning of Nevada projects completed Largest producing mines – Paracatu, Kupol and Tasiast – continue to achieve lowest costs in portfolio TORONTO, Nov. 06, 2019 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX: K, NYSE: KGC) today announced its results for the third-quarter ended September 30, 2019. (This news release contains forward-looking information about expected future events and financial and operating performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on page 19 of this release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) 2019 third-quarter highlights:   Q3 2019 results First nine months 2019 results 2019 guidance Gold equivalent production 1 (ounces) 608,033 1,862,315 2.5 million (+/- 5%) Production cost of sales 2 ($ per Au eq. oz.) $735 $692 $730...
October 31, 2019 Kinross files updated technical report for Tasiast
Download Technical Report TORONTO, Oct. 31, 2019 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) today filed an updated technical report for its Tasiast mine in Mauritania. The technical report incorporates updates related to the current Tasiast operation and provides comprehensive details regarding the recently announced Tasiast 24k project that is expected to incrementally increase throughput capacity to 24,000 tonnes per day, as well as the previously updated estimated mineral resource and reserve estimates at December 31, 2018, which were disclosed by news release on September 15, 2019. The Tasiast 24k project takes a continuous improvement approach to increase throughput through minor upgrades and de-bottlenecking initiatives in the plant. The project includes modifications to the existing grinding circuit, adding new leaching and thickening capacity, as well as incremental additions to onsite power generation and water supply. The technical report has...

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