Toronto, Ontario, March 6, 2014 - Kinross Gold
Corporation (TSX: K; NYSE: KGC) ("Kinross") announced today that it
has closed its previously-announced offering of debt securities,
consisting of US$500 million principal amount of its 5.95% Senior
Notes due 2024. The notes are unsecured, senior obligations of
Kinross and are wholly and unconditionally guaranteed by certain of
Kinross' wholly-owned subsidiaries that are also guarantors under
Kinross' senior unsecured credit agreement. Kinross intends to use
the net proceeds to repay a portion of its term loan, which is due
August 2017.
The offering was made to "qualified institutional buyers"
pursuant to Rule 144A under the Securities Act of 1933 (the "Act")
and outside the United States pursuant to Regulation S under the
Act. The notes have not been and will not be registered under the
Act and the notes may not be offered or sold in the United States
absent registration under the Act or the availability of an
applicable exemption from registration requirements. Offers and
sales in Canada will be made only pursuant to exemptions from the
prospectus requirements of applicable Canadian provincial or
territorial securities laws. This news release does not constitute
an offer to sell or the solicitation of an offer to buy any
security.
About Kinross Gold Corporation
Kinross is a Canadian-based gold mining company with mines and
projects in Brazil, Chile, Ghana, Mauritania, Russia and the United
States. Kinross maintains listings on the Toronto Stock Exchange
(symbol:K) and the New York Stock Exchange (symbol:KGC).
Media Contact
Andrea Mandel-Campbell
Director, Corporate Communications
phone: 647-788-4179
andrea.mandel-campbell@kinross.com
Investor Relations Contact
Tom Elliott
Vice-President, Investor Relations
phone: 416-365-3390
tom.elliott@kinross.com
Cautionary Statement on Forward-Looking
Information
All statements, other than statements of historical fact,
contained or incorporated by reference in this news release,
including any information as to the future performance of Kinross,
constitute "forward-looking statements" within the meaning of
applicable securities laws, including the provisions of the
Securities Act (Ontario) and the provisions for "safe harbour"
under the United States Private Securities Litigation Reform Act of
1995 and are based on expectations, estimates and projections as of
the date of this news release. Forward-looking statements
include, without limitation, expected or possible events,
or statements with respect to expected or possible events. The word
"intends", or statements that certain actions, events or results
"may", "could", "would" or "might" and similar expressions identify
forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by Kinross as of the date of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Many of
these uncertainties and contingencies can affect, and could cause,
Kinross' actual results to differ materially from those expressed
or implied in any forward-looking statements made by, or on behalf
of, Kinross. These factors are not intended to represent a complete
list of the factors that could affect Kinross. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. All of the
forward-looking statements made in this news release are qualified
by these cautionary statements. Kinross disclaims any intention or
obligation to update or revise any forward-looking statements or to
explain any material difference between subsequent actual events
and such forward-looking statements, except to the extent required
by applicable law.