Kinross Gold Corp. today announced that the Company’s Board of Directors has declared a dividend of US$0.03 per common share for the third quarter of 2020. The dividend is payable on December 10, 2020 to shareholders of record as of the close of business on November 25, 2020. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada will be [...]
Kinross Gold Corp. today announced its results for the third quarter ended September 30, 2020. 2020 third-quarter highlights: Q3 2020 results First nine months 2020 results 2020 guidance Gold equivalent production1 603,312 1,742,616 2.4 million Production cost of sales 1,2 $737 $738 $720 All-in sustaining cost1,2 $958 $978 $970 Capital expenditures $212.1 million $617.8 million $900 million Kinross remains on track to [...]
FinancialNewsMedia.com News Commentary In uncertain economic times, investors tend to put their money in gold. So it's perhaps little surprise that gold prices started to rise at the beginning of the year as the coronavirus started spreading in China and Europe and investors feared a global economic downturn. Gold prices have soared so far this year and many analysts predict gold will top $2,000. Gold usually rises [...]
Kinross Gold Corp. today announced that it expects to produce an average of approximately 2.5 million gold equivalent ounces 1 per year from 2020 – 2029 driven primarily by promising organic opportunities across its global portfolio. The Company previously announced on September 17, 2020 that it expects to increase production by 20% from 2021 – 2023, with estimated production 1 of 2.4 million Au eq. oz. in 2021, 2.7 [...]
Kinross Gold Corp. plans to release its financial statements and operating results for the third quarter of 2020 on Wednesday, November 4, 2020, after market close. On Thursday, November 5, 2020 at 8:00 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 – +1 968-2237; Passcode: 8369428 [...]
Kinross Gold Corp. will host a presentation and question and answer session on October 20, 2020 from 10:00 a.m. – 12:00 p.m. ET to discuss operational details regarding the Company’s recently announced three-year guidance and additional opportunities in its portfolio. The call-in numbers are as follows: Canada & US toll-free – +1 968-2237; Passcode: 7245896 Outside of Canada & US – +1 312-2059; Passcode: 7245896 Replay [...]
Kinross Gold Corp. is pleased to announce that it has entered into agreements to acquire a 70% interest in the high-quality Peak Gold project in Alaska from Royal Gold, Inc. and Contango ORE, Inc. for total cash consideration of $93.7 million. Kinross will have broad authority to construct and operate the Peak Gold project, with Contango retaining a 30% non-operating minority interest. The Peak Gold project is a [...]
Kinross Gold Corp. today announced its robust three-year guidance, with production expected to steadily increase by 20% to 2.9 million gold equivalent ounces1 in 2023 and an overall downward trend in production cost of sales and capital expenditures to drive strong free cash flow. The Company also announced that its Board of Directors has declared a dividend of $0.03 per common share payable on October 22, 2020 to [...]
Kinross Gold Corp. is pleased to present its 2019 Sustainability Report , detailing the Company’s progress over the past two years in delivering on its commitment to responsible mining. The Report provides a transparent account of Kinross’ sustainability performance, including Environmental, Social and Governance activities, and an in-depth review of the Company’s relationships with host communities, workforce and host [...]
Kinross Gold Corp. today announced its results for the second-quarter ended June 30, 2020. 2020 Q2 highlights: Production1 of 571,978 attributable gold equivalent ounces, and sales of 584,477 Au eq. oz. All Kinross mines continued production during the quarter, as the Company’s comprehensive COVID-19 response plans mitigated operational risk and continued to help protect the health and safety of employees and host [...]
Kinross Gold today announced the results of a pre-feasibility study for its Lobo-Marte project in Chile. Lobo-Marte offers the potential of a cornerstone asset with attractive all-in sustaining costs1, 2 to enhance Kinross’ long-term production profile. The project adds a significant 6.4 million gold ounces, representing an approximately 25% increase, to the Company’s 2019 year-end mineral reserve estimates in a [...]
Kinross Gold Corp. plans to release its financial statements and operating results for the second quarter of 2020 on Wednesday, July 29, 2020, after market close. On Thursday, July 30, 2020 at 8:00 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 – +1 968-2237; Conference ID: 5161488 [...]
