Toronto, Ontario, February 7, 2013
- Kinross Gold Corporation (TSX: K; NYSE: KGC)
(the "Company") announced today that it has filed a Schedule TO
with the U.S. Securities and Exchange Commission in respect of the
option of holders of its 1.75% Convertible Senior Notes due 2028
(CUSIP Numbers: 496902AB3 and 496902AD9) (the "Notes") to require
the Company to repurchase their Notes (the "Put Right"), as
provided for in the Indenture governing the Notes, dated as of
January 29, 2008 (the "Indenture"). The Put Right, which has been a
term of the Indenture since the time the Notes were originally
issued, entitles each holder of the Notes to require the Company to
purchase all or any part of such holder's Notes on March 15, 2013
(the "Repurchase Date") at a purchase price (the "Repurchase
Price") equal to 100% of the principal amount of the Notes, plus
accrued and unpaid interest thereon up to, but excluding, the
Repurchase Date.
The opportunity to exercise the Put Right expires at
5:00 p.m., New York City time, on Friday, March 8, 2013, which
is the fifth business day immediately preceding the Repurchase
Date. In order to exercise the Put Right and receive the Repurchase
Price, or withdraw an exercise of the Put Right, a holder must
follow the procedures set forth in the Put Right Notice.
Neither the Company nor its Board of Directors or employees has
made or is making any representation or recommendation as to
whether or not any holder should exercise the Put Right.
Additional Information
Copies of the Put Right Notice and additional information
relating to the procedure for the exercise of the Put Right may be
obtained from Wells Fargo Bank, National Association by calling
(800) 344-5128 (Option 0, Attn. Bondholder Communications).
About Kinross Gold Corporation
Kinross is a Canadian-based gold mining company with mines and
projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania,
Russia and the United States, employing approximately 8,000 people
worldwide. Kinross maintains listings on the Toronto Stock Exchange
(symbol:K) and the New York Stock Exchange (symbol:KGC).
Media Contact
Steve Mitchell
Vice-President, Corporate Communications
phone: 416-365-2726
steve.mitchell@kinross.com
Investor Relations Contact
Tom Elliott
Vice-President, Investor
Relations
phone:
416-365-3390
tom.elliott@kinross.com