Welcome to our dedicated page for Kinross Gold Corporation news (Ticker: KGC), a resource for investors and traders seeking the latest updates and insights on Kinross Gold Corporation stock.
Kinross Gold Corporation (NYSE: KGC; TSX: K) is a leading gold mining company headquartered in Toronto, Canada. Established in 1993, Kinross has grown to become one of the world's largest gold producers, boasting approximately 2.2 million gold equivalent ounces in production as of 2023. The company's global operations span the Americas and West Africa, with active mines in the U.S., Brazil, Chile, Ghana, and Mauritania.
Kinross is known for its commitment to operational excellence, financial discipline, and balance sheet strength. It has historically expanded its portfolio and production capacity through strategic acquisitions, such as the purchase of the Great Bear project in Canada in 2022. This project has the potential to produce over 500,000 ounces of gold annually for at least a decade if developed.
Despite selling its Russian operations in 2022 in response to geopolitical developments, Kinross remains a significant player in the gold mining industry. The company had estimated gold reserves of around 42.8 million ounces at the end of 2023, ensuring a steady production pipeline for the next decade.
Kinross is committed to responsible mining and has been consistently named to the Dow Jones Sustainability World Index, reflecting its adherence to rigorous environmental, social, and governance (ESG) standards. The company has made significant strides in its climate strategy, including the development of a 34MW photovoltaic solar facility at its Tasiast mine in Mauritania.
Financially, Kinross reported revenues of US$3.8 billion in 2013 and continues to maintain strong liquidity and financial health, with ample cash reserves and robust credit facilities. The company’s shares are traded on the Toronto Stock Exchange (TSX: K) and the New York Stock Exchange (NYSE: KGC).
For the latest updates on Kinross Gold Corporation, their projects, and financial performance, visit their official website or contact their corporate communications office.
Kinross Gold (TSX: K; NYSE: KGC) has announced a quarterly dividend declaration of US$0.03 per common share for the third quarter of 2024. The dividend will be paid on December 12, 2024, to shareholders recorded at the close of business on November 28, 2024. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes, while non-resident investors will be subject to Canadian non-resident withholding taxes.
Kinross Gold (NYSE: KGC) reported robust third-quarter 2024 results, highlighted by significant margin expansion and record free cash flow generation. The company achieved a notable milestone with a $350 million debt repayment during the quarter. Operations showed strong performance with first gold production from the Manh Choh project and promising Preliminary Economic Assessment (PEA) results at Great Bear. The company maintains its trajectory to meet annual guidance targets, demonstrating operational stability and financial strength.
Kinross Gold (TSX: K; NYSE: KGC) has announced that it will release its financial statements and operating results for the third quarter of 2024 on Tuesday, November 5, 2024, after market close. The company will hold a conference call and audio webcast on Wednesday, November 6, 2024, at 8:00 a.m. ET to discuss the results, followed by a question-and-answer session.
The press release provides call-in numbers for Canada & US toll-free and international participants, as well as replay information available for 14 days after the call. Additionally, a listen-only webcast option will be available on the company's website, www.kinross.com, where the audio will also be archived.
Kinross Gold (TSX: K, NYSE: KGC) has released a positive update on its Great Bear project in Red Lake, Ontario, Canada. The Preliminary Economic Assessment (PEA) reveals impressive annual production exceeding 500,000 ounces of gold, with low All-In Sustaining Costs (AISC) of approximately $800 per ounce. These figures suggest strong profit margins for the project. Additionally, drilling beyond the PEA inventory has uncovered high-grade mineralization at depth, indicating potential for future resource expansion. This development marks a significant milestone for Kinross, potentially bolstering its production portfolio and financial outlook in the coming years.
Kinross Gold (TSX:K; NYSE:KGC) has announced a virtual presentation and Q&A session scheduled for September 10, 2024, at 9 a.m. EDT. The event will focus on releasing the Preliminary Economic Assessment for the Great Bear project. Investors and interested parties can access the presentation via an audio webcast on the company's website, www.kinross.com, where it will also be archived for future reference.
For those wishing to participate in the call, toll-free numbers are provided for Canada and US (1-866-613-0812), as well as an international number (647-694-2812). A replay of the call will be available for 30 days, accessible through provided phone numbers and a passcode. This update on the Great Bear project is likely to provide valuable insights into Kinross's future operations and potential economic impact.
Kinross Gold (TSX: K; NYSE: KGC) has announced a quarterly dividend of US$0.03 per common share for the second quarter of 2024. The dividend will be paid on September 6, 2024, to shareholders of record as of the close of business on August 22, 2024. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. Non-resident investors will be subject to Canadian non-resident withholding taxes. The declaration of this dividend demonstrates Kinross's commitment to providing returns to shareholders and confidence in its financial position.
Kinross Gold (TSX: K, NYSE: KGC) reported strong Q2 2024 results, highlighting robust margins and significant free cash flow that enabled a $200 million debt repayment. The company noted positive progress across all growth projects, including first gold production from Manh Choh. Additionally, Kinross reported high-grade exploration results at Great Bear, Round Mountain, and Curlew projects.
The strong performance underscores Kinross's operational efficiency and strategic growth initiatives. The debt repayment strengthens the company's financial position, while the advancement of growth projects and promising exploration results indicate potential for future expansion and increased gold production.
Li-Cycle Holdings Corp. (NYSE: LICY) has appointed Craig Cunningham as its permanent Chief Financial Officer (CFO), effective July 20, 2024. Cunningham, who has served as interim CFO since March 2024, brings nearly two decades of experience in accounting, finance, operations, and capital markets, with a strong background in the battery materials and mining sectors. His appointment comes as Li-Cycle continues to execute key objectives, including working with the U.S. Department of Energy on financing documentation for a potential loan and reviewing the Rochester Hub project. Cunningham's experience includes roles at Electra Battery Materials and Kinross Gold , positioning him to support Li-Cycle's growth and strategic priorities in the lithium-ion battery resource recovery industry.
Relevant Gold Corp. (TSXV:RGC, OTCQB:RGCCF) announced a $1,530,000 private placement investment by Kinross Gold The financing involves 5,100,000 units priced at $0.30 per unit, each consisting of one common share and a half-share purchase warrant. The warrants are exercisable at $0.35 for 24 months. Post-placement, Kinross will hold 9.9% of Relevant Gold's shares on a partially diluted basis. An Investor Rights Agreement grants Kinross rights to future financing participation and a potential increase in ownership to 19.9%. Proceeds will fund Wyoming exploration projects and working capital. The closing is contingent on TSX Venture Exchange approval.
Kinross Gold (TSX: K; NYSE: KGC) announced it will release its Q2 2024 financial statements and operating results on July 31, 2024, after market close. A conference call and audio webcast to discuss these results will take place on August 1, 2024, at 8:00 a.m. EDT. Investors can join the call via toll-free numbers for Canada and the US (+1 888-596-4144) or internationally (+1 646-968-2525) using passcode 5766018. A replay will be available for 14 days after the call. The webcast can be accessed on the company's website at www.kinross.com and will be archived for future reference.
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