Kinross Declares Quarterly Dividend

Rhea-AI Summary

Kinross Gold Corporation has declared a dividend of US$0.03 per common share for Q3 2022. The dividend is set to be paid on December 15, 2022, to shareholders recorded by December 1, 2022. This dividend qualifies as an “eligible dividend” for Canadian tax purposes, while non-resident shareholders will face Canadian non-resident withholding taxes. Kinross operates globally with a focus on responsible mining and operational excellence.

Positive

• Declared a dividend of US$0.03 per share for Q3 2022
• Demonstrates commitment to returning value to shareholders
• Dividend payment reflects company confidence and financial stability.

Negative

• Non-resident shareholders subject to Canadian withholding taxes.

TORONTO, Nov. 09, 2022 (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 third quarter of 2022.

The dividend is payable on December 15, 2022 to shareholders of record as of the close of business on December 1, 2022. 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 York Stock Exchange (symbol:KGC).

Media Contact
Samantha Sheffield
Senior Manager, Corporate Communications
phone: 416-365-3034
samantha.sheffield@kinross.com

Investor Relations Contact
Chris Lichtenheldt                                 
Vice-President, Investor Relations                
phone: 416-365-2761                        
chris.lichtenheldt@kinross.com

Source: Kinross Gold Corporation

FAQ

What is the dividend amount declared by Kinross Gold Corporation (KGC)?

The dividend amount declared is US$0.03 per common share.

When will the dividend be paid to shareholders of KGC?

The dividend will be paid on December 15, 2022.

Who is eligible to receive the Kinross Gold Corporation dividend?

Shareholders of record as of December 1, 2022, are eligible.

What are the tax implications for non-resident investors receiving dividends from KGC?

Non-resident investors may be subject to Canadian non-resident withholding taxes.