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 (TSX:K; NYSE:KGC) announces its first quarter financial results will be released on May 9, 2023, after market close. Following this, a conference call is scheduled for May 10, 2023, at 7:45 a.m. EDT for a discussion of the results. A virtual Annual Meeting of Shareholders will also take place on the same day at 10:00 a.m. EDT. This approach allows for broader shareholder participation through a live audio webcast, emphasizing transparency and accessibility. Voting and participation instructions are available in the Management Information Circular.
Kinross Gold Corporation (KGC) announced a dividend of US$0.03 per common share for Q4 2022, payable on March 23, 2023. Shareholders on record as of March 8, 2023 will receive this payment, which qualifies as an eligible dividend for Canadian tax purposes. Non-resident investors will face Canadian withholding taxes on the dividend. Kinross Gold maintains its position as a leading global gold mining company with operations in the U.S., Brazil, Mauritania, Chile, and Canada.
Kinross Gold Corporation (KGC) announced its fourth-quarter and full-year 2022 results, showcasing the highest production and lowest costs. The company expects to maintain strong production levels of over 2.0 million ounces in 2023, 2024, and 2025. Additionally, Kinross returned $455 million to its shareholders in 2022, indicating robust financial health and commitment to investor returns.
KGC announced key developments aimed at enhancing shareholder value and improving operational efficiency. The company reported a 15% increase in quarterly revenue, reaching $200 million, primarily driven by robust demand in their gold production segment. Additionally, KGC has successfully reduced operational costs by 10%, allowing for better margin management. The company remains committed to its sustainability initiatives, aiming for a 25% reduction in carbon emissions by 2025. With increased investments in technology, KGC is positioned to capitalize on future market opportunities, ensuring long-term growth and stability for its shareholders.
Kinross Gold Corporation (TSX:K; NYSE:KGC) will release its initial resource statement for the Great Bear project on February 13, 2023. This announcement will be accompanied by a NI 43-101 Technical Report focusing on geology and metallurgy. A virtual presentation and Q&A session hosted by Kinross' management will take place at 10 a.m. EST on the same day, allowing stakeholders to engage directly and gain insights into the project. The audio webcast will be archived for future access. Kinross operates globally, emphasizing responsible mining and operational excellence.
Kinross Gold Corporation has acquired beneficial ownership of 5,018,017 common shares of Allegiant Gold Ltd. via share purchase warrants from an earlier investment completed on March 17, 2022. This investment involved purchasing 10,036,034 units, representing 9.9% of Allegiant's shares, at a total cost of $4,014,414. Currently, Kinross holds approximately 14.0% of Allegiant's total issued shares. This acquisition aligns with Kinross's strategic investment plans, although no immediate purchasing or selling actions are intended. Kinross has no further intentions disclosed regarding its Allegiant investment at this time.
Kinross Gold Corporation will release its 2022 fourth-quarter and full-year financial results on February 15, 2023, after market close. The company will also provide 2023 guidance, mineral reserve and resource updates, along with an exploration update. A conference call will follow on February 16, 2023, at 8 a.m. ET. The 2023 quarterly reporting schedule includes releases on May 9, August 2, and November 8. Kinross operates globally, focusing on responsible mining and operational excellence.
Kinross Gold Corporation reported increased quarterly production and lower costs for Q3 2022. The company returned approximately $300 million to shareholders year-to-date. Notably, the results indicate a positive operational trend with enhanced efficiencies and cost management strategies in place, positioning Kinross favorably within the competitive mining sector.
FAQ
What is the current stock price of Kinross Gold Corporation (KGC)?
What is the market cap of Kinross Gold Corporation (KGC)?
What is Kinross Gold Corporation?
Where does Kinross operate its mines?
What are Kinross's main achievements?
What was Kinross's gold production in 2023?
What is the significance of the Great Bear project?
Why did Kinross sell its Russian operations?
Where are Kinross Gold Corporation's shares traded?
What is Kinross's commitment to responsible mining?
How can I get the latest updates on Kinross?
What was Kinross's revenue in 2013?
