News & Investors

Kinross is a senior gold producer focused on maximizing free cash flow through operational excellence and financial discipline.

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News Releases

March 11, 2020 Kinross provides statement on COVID-19
TORONTO, March 11, 2020 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) 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 20 th when the need for the closure will be re-evaluated. The Company is working directly with Toronto Public Health (TPH) who used current evidence to carefully assess the potential health risk, identify people who may have been directly exposed to COVID-19 and actively follow up with them. TPH has also asked the Company’s Toronto employees to self-monitor for any symptoms. The employee who tested positive was last in the Toronto office for 1.5 days ending March 3, 2020, is currently at home in self-quarantine, and is in good...
March 10, 2020 Kinross files new Paracatu technical report
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 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) 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 produce an average of approximately 540 Au koz. annually over 12 years from 2020 to 2031. Total production over the remaining mine life is expected to increase approximately 24% compared with the prior technical report that was published in 2014. The new technical report is based on an asset optimization program that commenced in 2018 and was completed in late 2019 with the successful implementation of a comprehensive grade control program. The results of the program include better characterization of the orebody, an improved...
March 3, 2020 Kinross upgraded by Moody’s to investment grade
TORONTO, March 03, 2020 (GLOBE NEWSWIRE) - On March 2, 2020, Moody’s Investor Service ("Moody's") announced that it upgraded Kinross Gold Corporation’s credit rating (TSX:K; NYSE:KGC) 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 that the upgrade was due to Kinross’ cash cost being in line with investment grade peers, steady production and conservative financial policies. Kinross’ total liquidity at December 31, 2019 was more than $2 billion, including cash and cash equivalents of $575 million and available credit of approximately $1.5 billion. About Kinross Gold Corporation Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Kinross’...
February 12, 2020 Kinross provides update on development projects and full-year 2019 exploration results 
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 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE:KGC) today provided updates on its development projects, exploration program and its estimated mineral reserves and resources.   (This news release contains forward-looking information about expected financial and operating performance of the Company. All mineral reserves and mineral resources, as well as mine life disclosures, are estimates. All dollar amounts are expressed in U.S. dollars, unless otherwise noted) Development projects:   Tasiast 24k: Proceeding on schedule and on budget to increase throughput to 21,000 t/d by year-end 2021 and 24,000 t/d by mid-2023. Chulbatkan: Completed acquisition of a high-quality and prospective project, and commenced a...


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