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August 4, 2023
Kinross announces routine renewal of NCIB
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(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, Aug. 04, 2023 (GLOBE NEWSWIRE) - Kinross Gold Corporation (“Kinross” or the “Company”) (TSX: K, NYSE: KGC) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to renew its normal course issuer bid (“NCIB”) program. Under the NCIB program, the Company is authorized to purchase up to 108,440,227 of its common shares (out of the 1,227,579,280 common shares outstanding as at July 31, 2023) representing up to 10% of the Company’s public float of 1,084,402,272 common shares, during the period starting on August 9, 2023 and ending on August 8, 2024. In deciding to establish the NCIB program, the Company believes that the market price of the common shares may not, from time to time, fully reflect their value and accordingly the purchase of the common shares would be in the best interest of the Company and an attractive and appropriate use of...
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August 2, 2023
Kinross reports strong 2023 second-quarter results
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Increased production at Tasiast, Paracatu, and La Coipa drives robust free cash flow Tasiast 24k construction and initial commissioning complete leading to record quarterly production TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the second-quarter ended June 30, 2023. This news release contains forward-looking information about expected future events and financial and operating performance of the Company. Please refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on page 26 of this release. All dollar amounts are expressed in U.S. dollars, unless otherwise noted. Q2 2023 highlights from continuing operations: Production of 555,036 gold equivalent ounces (Au eq. oz.), a 22% year-over-year increase. Production cost of sales 1 of $900 per Au eq. oz. sold and all-in sustaining cost 2 of $1,296 per Au eq. oz. sold. Margins 3 of...
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August 2, 2023
Kinross declares quarterly dividend
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TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE:KGC) (the “Company”) today announced that the Company’s Board of Directors has declared a dividend of US$0.03 per common share for the second quarter of 2023. The dividend is payable on September 8, 2023, to shareholders of record as of the close of business on August 24, 2023. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes. About Kinross Gold Corporation Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New...
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July 11, 2023
Kinross to redeem $500 million in Senior Notes on August 10, 2023
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(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, July 11, 2023 (GLOBE NEWSWIRE) - Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced today it will redeem all of the outstanding 5.95% Senior Notes due March 15, 2024 (the “Notes”), which have an aggregate principal amount of $500 million, on August 10, 2023 (the “Redemption Date”). The Notes will be redeemed at a redemption price determined in accordance with the terms of the Notes and will include accrued and unpaid interest to, but not including, the Redemption Date. Interest on the Notes will cease to accrue from and after the Redemption Date. After the Notes are redeemed, Kinross will have $1,250 million aggregate principal amount of Senior Notes outstanding, with the next Senior Notes maturity date on July 15, 2027 for $500 million in aggregate principal amount. Questions regarding the redemption of the Notes issued by Kinross should be directed to Computershare Corporate...
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