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 reported robust financial performance for 2021, returning over $250 million to shareholders. The company projects a production outlook of 2.65 million ounces in 2022, 2.8 million in 2023, and 2.6 million in 2024, aiming to enhance free cash flow growth. This strong production forecast is expected to support ongoing shareholder returns and growth strategies in the upcoming years.
Kinross Gold Corporation will publish its 2021 financial results on February 16, 2022, after market close, detailing its fourth-quarter and full-year performance. The release will include 2022 guidance, mineral reserve, and resource statements. A conference call is scheduled for February 17, 2022 at 8 a.m. ET to present these results and answer questions. Kinross has also outlined its quarterly reporting schedule for the rest of 2022, emphasizing their focus on operational excellence and responsible mining.
Kinross Gold Corporation has entered into a definitive agreement to acquire Great Bear Resources Ltd. for approximately US$1.4 billion (C$1.8 billion). This acquisition includes Great Bear's Dixie project in Ontario, known for its potential as a large-scale gold operation. Kinross offers C$29.00 per Great Bear share and additionally provides contingent payments linked to commercial production. The Dixie project boasts significant exploration potential, with extensive drilling revealing high-grade gold zones.
Kinross Gold Corporation (TSX:K; NYSE:KGC) has announced a dividend of US$0.03 per common share for Q3 2021. This dividend is payable on December 15, 2021, to shareholders who are on record as of December 1, 2021. It qualifies as an ‘eligible dividend’ for Canadian tax purposes, while non-resident shareholders will incur Canadian withholding taxes. Kinross operates several mines globally, focusing on operational excellence and responsible mining.
Kinross Gold Corporation announced a significant addition to its mineral reserves, with the Udinsk project contributing approximately 3 million ounces to its probable reserves. This development reaffirms the potential for both the Udinsk and another unnamed project to serve as substantial value generators for the company. As large, low-cost producers, these projects aim to enhance Kinross' operational capacity and financial performance in the competitive mining sector.
Kinross Gold Corporation reported significant progress with its Tasiast mill, which has resumed operations, setting the stage for strong production growth over the next two years. For Q3 2021, the company showcased resilience despite market challenges, focusing on operational enhancements. Kinross aims to capitalize on its strategic initiatives to enhance production capacity, drive revenue, and bolster shareholder value. The company remains optimistic about its growth trajectory and commitment to sustainable mining practices.
Kinross Gold Corporation (NYSE: KGC; TSX: K) will release its third-quarter financial statements and operating results on November 10, 2021, after market close. A conference call and audio webcast will follow on November 11, 2021, at 8:00 a.m. ET to discuss the results. The company is based in Canada and operates globally, emphasizing operational excellence and responsible mining.
Kinross Gold Corporation (KGC) announced that the Toronto Stock Exchange has accepted its notice to establish a normal course issuer bid (NCIB) program. The company is authorized to repurchase up to 63,096,676 common shares, constituting 5% of its outstanding shares, from August 3, 2021, to August 2, 2022. The NCIB aims to enhance shareholder value by potentially increasing share prices and utilizing available funds. All repurchased shares will be canceled, reflecting Kinross's commitment to boosting returns through share buybacks and dividends.
Kinross Gold Corporation (KGC) announced a new share buyback program as part of its second-quarter results, ending June 30, 2021. The company anticipates the restart of operations at its Tasiast mill in Q4 2021, signaling a potential boost in production. The share buyback program reflects Kinross’ commitment to returning value to its shareholders amidst ongoing operational challenges. Overall, these initiatives indicate a proactive approach towards enhancing shareholder returns and operational efficiency.
Kinross Gold Corporation has declared a dividend of US$0.03 per common share for Q2 2021. The payment is scheduled for September 2, 2021, to shareholders on record by August 19, 2021. This dividend qualifies as an ‘eligible dividend’ for Canadian tax purposes, while non-resident investors will be subject to Canadian withholding taxes. Kinross operates gold mines in several countries, including the U.S., Brazil, and Russia, focusing on operational excellence and responsible mining practices.
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