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 has published its 2023 Sustainability Report, detailing significant strides in its ESG (Environmental, Social, and Governance) initiatives. In 2023, Kinross generated $4.1 billion in economic benefits through taxes, wages, procurement, and community support. Noteworthy achievements include maintaining low injury frequency rates, increasing local employment, and advancing diversity with a record 14% female workforce representation. Additionally, the company improved its water intensity by 9%, recycled 82% of water, and achieved a zero fresh water consumption in ore processing in water-stressed regions. Kinross also advanced its green energy projects, including completing a 34MW solar plant, and is on track to reduce greenhouse gas emissions by 30% by 2030. The company’s ESG performance has been recognized in the Dow Jones Sustainability World Index and S&P Global Sustainability Yearbook.
Kinross Gold announced the detailed voting results of its Board of Directors election at the virtual Annual Meeting of Shareholders. The nominees listed in the Management Information Circular were elected as directors. The voting results for each nominee and other business items were disclosed.
Kinross Gold has declared a dividend of US$0.03 per common share for the first quarter of 2024. The dividend is payable on June 13, 2024, to shareholders of record as of the close of business on May 30, 2024.
Kinross Gold reported a strong start to the year with robust margins driving strong free cash flow. Development projects are on track, and the company is well positioned to meet its annual guidance.
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