Kinross Gold will host a virtual review session regarding its Great Bear project in Red Lake, as well as its Manh Choh project in Alaska and Curlew exploration project in Washington State, on Tuesday, June 28, 2022. Kinross’ management team will host a presentation and question and answer session at 9 a.m. EDT to discuss the projects. The presentation will be accessible via audio webcast on www.kinross.com, where it will [...]
Kinross Gold announced that it has completed the sale of 100% of its Russian assets to the Highland Gold Mining group of companies for total consideration of $340 million in cash. Kinross has received $300 million in U.S. denominated cash in its corporate account and will receive a deferred payment of $40 million on the one-year anniversary of closing. As disclosed on April 5, 2022, the previously agreed total [...]
Kinross Gold Corp. announced today that it has entered into a sale agreement with Asante Gold Corporation to sell its 90% interest in the Chirano mine in Ghana for a total consideration of $225 million in cash and shares. The Ghanaian government has a 10% carried interest in Chirano. Upon closing of the transaction, Kinross will receive $115 million in cash. Kinross will also receive a number of Asante common shares [...]
Kinross Gold Corp. will release its financial statements and operating results for the first quarter of 2022 on Tuesday, May 10, 2022, after market close. On Wednesday, May 11, 2022 at 7:45 a.m. EDT 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 - 968-2237; Passcode: 5893677 Outside of Canada [...]
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 study in 2023. Kinross expects to complete approximately 200,000 metres of [...]
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 surrounding exploration licenses, which includes payment of $100 million upon [...]
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 third-party mining company regarding a potential sale of 100% of its assets in the [...]
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. "Thanks to the hard work and contributions of our team in Chile, we were able [...]
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 connection with the closing of its acquisition of Great Bear Resources Ltd. Joint [...]
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 in need. Kinross is hopeful for a peaceful and diplomatic solution in [...]
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 to benefit from Kinross' development and operational expertise. We look [...]
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 add such a high-quality asset in a top mining jurisdiction to our global [...]
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