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 $0.10 per share, compared with Q1 2019. Operating cash flow of $299.6 million [...]
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 finalized in November 2019 and all applicable labour codes and is disappointed [...]
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 follows: Canada & US toll-free – 201-0168; Conference ID: 3084946 Outside of [...]
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 contingency plans in place at all sites that prioritize and protect the health [...]
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 from home until at least March 20th when the need for the closure will be [...]
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, long-life operation in Kinross’ portfolio that is expected to [...]
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 three rating agencies that rate the Company’s debt. Moody’s noted [...]
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 fourth-quarter and year-end December 31, 2019. 2019 full-year results and 2020 [...]
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 program and its estimated mineral reserves and resources. Development [...]
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 Chulbatkan with the view to updating the current resource base at year-end [...]
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 hold a conference call and audio webcast on Thursday, February 13, 2020 at 8 [...]
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 pleased to have signed the loan agreement, which is indicative of the [...]