Kinross Gold Corp. announced that yesterday it sold its 10,925,000 shares in Pinecrest Resources Ltd. at a price of CAD$0.36 per share for expected gross proceeds of approximately CAD$3.9 million. The Shares were disposed through private sales with various purchasers and represented approximately 17% of the issued and outstanding shares in [...]
Kinross Gold Corp. 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 5th and ended today, is not expected to materially affect 2020 production or the development of the 24k expansion. The Company has adhered to the [...]
Kinross Gold Corp. 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. The Company [...]
Kinross Gold Corp. today announced its results for the first-quarter ended March 31, 2020. 2020 Q1 highlights: Production1 of 567,327 attributable gold equivalent ounces , 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 [...]
Following a strike notice filed by Tasiast staff delegates, unionized employees at Kinross Gold Corp.’s 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 [...]
Kinross Gold Corp. plans to release its financial statements and operating results for the first quarter of 2020 on Tuesday, May 5, 2020, after market close. On Wednesday, May 6, 2020 at 7:45 a.m. ET Kinross will hold a conference call and audio webcast to discuss the results, followed by a question-and-answer session. The call-in numbers are as [...]
Kinross Gold Corp. continues to implement comprehensive and proactive measures to respond to the COVID-19 pandemic. While the Company cannot predict the future impact of the pandemic on its global operations, all Kinross mines continue to operate and have not been materially impacted to date . The Company has taken preventative actions and put [...]
Kinross Gold Corp. was informed on March 10, 2020 that an employee from its Toronto office tested positive for the COVID-19 virus. Kinross values the health and safety of its employees above all other priorities, and as a precaution, closed the Toronto office today for a thorough cleaning and disinfection. Kinross has asked its employees to work [...]
Mine expected to produce average of approximately 540 koz. over 12 years, at lower costs Adds 828 koz. in mineral reserves to offset 2019 depletion, and 1.1 million oz. in measured and indicated resources TORONTO, March 10, 2020 -- Kinross Gold Corp. today filed a new technical report for its Paracatu operation in Brazil. Paracatu is a cornerstone [...]
On March 2, 2020, Moody’s Investor Service announced that it upgraded Kinross Gold Corp.’s credit rating to investment grade. Kinross’ senior unsecured notes rating was upgraded to Baa3 from Ba1, with a stable outlook. Kinross now has investment grade credit ratings from Moody’s, S&P Global Ratings and Fitch Ratings, all [...]
Meets production and cost guidance for eighth consecutive year Tasiast delivers record annual production and costs; Paracatu achieves record annual production Solid production with lower all-in sustaining cost per ounce and capital expenditures forecast in 2020 TORONTO, Feb. 12, 2020 -- Kinross Gold Corp. today announced its results for the [...]
Company adds 7.7 million gold ounces to estimated measured and indicated resources Mineral reserve addition of 828 koz. at Paracatu; Kupol and Chirano extend mine life by one year Company to proceed with La Coipa Restart project in Chile TORONTO, Feb. 12, 2020 -- Kinross Gold Corp. today provided updates on its development projects, exploration [...]
