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 [...]
TORONTO, Jan. 16, 2020 -- Kinross Gold Corp. 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 for total fixed consideration of $283 million. The Company has now commenced a comprehensive exploration drilling program at [...]
Kinross Gold Corp. 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 [...]
Kinross Gold Corp. 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 , Export Development Canada, and with the participation of ING Bank and Société Générale. “We are [...]
Kinross Gold Corp. announced today that it has agreed to sell its remaining 20,656,250 shares in Lundin Gold Inc. 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 Ltd. and the Lundin Family Trust. The shares for sale represent [...]
Kinross Gold Corp. today announced that it has entered into an agreement to sell its royalty portfolio to Maverix Metals Inc. 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 [...]
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 -- Kinross Gold Corp. today announced its results for the third-quarter [...]
Kinross Gold Corp. 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 [...]