Kinross Gold Corp. is pleased to provide an update on its development plan at the Red Lake, Ontario-based Great Bear project, following the completion of the acquisition of Great Bear Resources Ltd. on February 24, 2022. Kinross plans to declare an initial inferred mineral resource as part of its 2022 year-end results and commence a pre-feasibility [...]
Kinross Gold Corp. announced today that it has entered into a definitive agreement with the Highland Gold Mining group of companies and its affiliates to sell 100% of its Russian assets for total consideration of $680 million in cash. As part of the transaction, Kinross will receive a total of $400 million in cash for the Kupol mine and the [...]
Kinross Gold Corp. today provided an update regarding its activities in Russia. Subsequent to Kinross' disclosure on March 2, 2022, the Company has been developing a transition plan to divest its Russian assets. Kinross has received a number of unsolicited proposals regarding its Russian business and is now in exclusive negotiations with a [...]
Kinross Gold Corp. is pleased to announce that its La Coipa project in Chile achieved a significant milestone and poured its first gold bar. The project commenced commissioning at its plant in early February 2022, on schedule and under budget, with the plant expecting to ramp up over the next few months to reach full operating capacity mid-year [...]
Kinross Gold Corp. announced today that it has arranged a new US$1.0 billion term loan. The three-year term loan will mature on March 7, 2025, has no mandatory amortization payments, and has a flexible repayment schedule. Kinross used the proceeds of the financing to repay amounts drawn under its US$1.5 billion revolving credit facility in [...]
Kinross Gold Corp. is deeply concerned about the loss of life and destruction in Ukraine and wishes to express its sympathy and support for the people who are suffering because of this tragic situation. The Company today is announcing a donation of $1,000,000 to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal to assist those people most [...]
Great Bear Resources announced today that Kinross Gold, has completed the previously announced acquisition of Great Bear by way of a plan of arrangement. Chris Taylor, President and CEO of Great Bear said, "After their exciting and rewarding journey from acquisition through discovery, our shareholders and local stakeholders are now well positioned [...]
Kinross Gold Corp. is pleased to announce today that it has completed the previously announced plan of arrangement to acquire all of the issued and outstanding shares of Great Bear Resources Ltd. . "The closing of the acquisition of Great Bear Resources represents a milestone for Kinross as we advance our future growth strategy. We are excited to [...]
Kinross Gold Corp. announced today that its operations in Russia are operating according to plan and currently remain unaffected by U.S. sanctions announced on February 22, 2022. Kinross has successfully operated in Russia for more than 25 years and has previously managed through similar situations while complying with applicable laws. The Company [...]
Returned more than $250 million to shareholders in 2021 Production outlook of 2.65 million, 2.8 million and 2.6 million ounces in 2022, 2023 and 2024, respectively, to drive free cash flow growth TORONTO, Feb. 16, 2022 -- Kinross Gold Corp. today announced its results for the fourth-quarter and year ended December 31, 2021. 2021 full-year results [...]
Kinross Gold Corp. today provided updates on its development projects, exploration program and its estimated mineral reserves and resources. Development project highlights: Tasiast 24k: Project proceeding on schedule to reach throughput of 21,000 tonnes per day on a sustained basis by the end of Q1 2022, and 24,000 tonnes per day by mid-2023. La [...]
Kinross Gold Corp. is pleased to announce details of its Climate Change Strategy and greenhouse gas reduction action plan, which includes the Company's commitment to working towards the goals of the 2015 Paris Agreement. The Strategy is aligned with Kinross' previously-announced goal of being a net-zero GHG emissions company by 2050, and has set a [...]