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 Corporation declared a dividend of US$0.03 per common share for Q4 2020, payable on March 18, 2021. Shareholders on record as of March 3, 2021 will receive the payment. This dividend qualifies as an 'eligible dividend' for Canadian tax, while non-resident investors will face withholding taxes. Kinross operates in multiple countries, focusing on value through operational excellence and responsible mining practices.
Kinross Gold Corporation reported record free cash flow exceeding $1 billion for the ninth consecutive year, highlighting impressive operational performance. The company successfully met guidance for 2020 and expects a production growth of 20% for 2023. These results affirm Kinross's strong financial health and commitment to shareholder value, reinforcing its status in the mining sector.
Kinross Gold Corporation announced a significant increase in mineral reserves, adding 5.7 million gold ounces, a 23% year-over-year rise, bringing total reserves to 30 million gold ounces. The mine life extension includes one additional year for Kupol and Paracatu, and three years for Chirano. This positive outlook on reserves and mine life reflects Kinross's strong positioning in the market and its ongoing commitment to development and exploration.
Kinross Gold Corporation announced the acquisition of 3,125,000 common shares of Wolfden Resources Corporation for CA$1,000,000 at a price of CA$0.32 per share. Following this transaction, Kinross holds 15,625,000 shares in Wolfden, representing approximately 11.4% of its outstanding shares. This investment aims to enhance Kinross' portfolio, with plans for future acquisitions or dispositions of Wolfden securities. Kinross will file an early warning report on SEDAR.
Kinross Gold Corporation (TSX:K; NYSE:KGC) announced the release of its 2020 fourth-quarter and full-year financial results on February 10, 2021, followed by a conference call on February 11, 2021. The company will provide its 2021 guidance, mineral reserve and resource statements, and an exploration update. Kinross also detailed its quarterly reporting schedule for 2021, with the first quarter's results due on May 11, 2021. The full-year and quarterly results will be available after market close.
Kinross Gold Corporation has declared a dividend of US$0.03 per common share for Q3 2020, payable on December 10, 2020. Shareholders on record by the close of business on November 25, 2020 will receive this dividend, which qualifies as an eligible dividend for Canadian income tax. Non-resident shareholders outside Canada should be aware of applicable withholding taxes. Kinross operates multiple mines across the Americas and Africa and is listed on both the Toronto Stock Exchange and the New York Stock Exchange under the symbols K and KGC, respectively.
Kinross Gold Corporation reported a significant increase in earnings and cash flow for Q3 2020, bolstered by strong operational performance. The company remains on track to meet its annual guidance for the ninth consecutive year. Key highlights include improved production figures, which reflect a 10% increase in gold equivalent ounces compared to the previous quarter.
Kinross continues to enhance its financial position, demonstrating resilience and effective cost management amidst market fluctuations.
Kinross Gold Corporation (KGC) anticipates producing an average of 2.5 million gold equivalent ounces annually from 2020 to 2029, fueled by strong organic growth opportunities. The projected production for 2021-2023 is set to increase by 20%, with estimates of 2.4 million ounces in 2021, 2.7 million in 2022, and 2.9 million in 2023. The company expects a downward trend in costs per ounce sold. CEO J. Paul Rollinson expressed confidence in generating substantial shareholder value, supported by a diverse portfolio of long-life assets and a recently reinstated quarterly dividend.
Kinross Gold Corporation will release its financial statements and operating results for Q3 2020 on November 4, 2020, after market close. The company will host a conference call on November 5, 2020, at 8:00 a.m. ET to discuss the results, followed by a Q&A session. The call can be accessed through toll-free numbers for Canada & US and internationally. Kinross operates mining projects across various countries, including the United States and Brazil, and is listed on both the TSX and NYSE.
On October 20, 2020, Kinross Gold Corporation (KGC) will host a presentation from 10:00 a.m. to 12:00 p.m. ET, discussing its three-year operational guidance and portfolio opportunities. Call-in details include a toll-free number for Canada and the US at +1 (833) 968-2237, and an international line at +1 (825) 312-2059. Participants can also join via webcast on Kinross's website. A replay will be available for 14 days post-call. Kinross Gold operates mines in various countries, including the US, Brazil, and Ghana.
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