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 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.
Kinross Gold Corporation has signed a definitive agreement with the Government of Mauritania to enhance economic certainty for its Tasiast mine. The agreement maintains tax exemptions on fuel duties and ensures a repayment of approximately $40 million in outstanding VAT refunds. Kinross will also pay $10 million to resolve disputes. An updated royalty structure tied to gold prices will be implemented. This partnership aims to support the restart of milling operations and the 24k expansion project.
Kinross Gold Corporation will release its financial statements and operating results for the second quarter of 2021 on July 28, 2021, after market close. A conference call is scheduled for July 29, 2021, at 8:00 a.m. EDT to discuss these results. Call-in numbers include (833) 968-2237 for Canada & US, and (825) 312-2059 for international callers. A replay will be available for 14 days post-call. Kinross operates mines in various countries and is focused on delivering value through operational excellence and responsible mining.
On June 21, 2021, Kinross Gold Corporation (NYSE:KGC) updated its production guidance due to a fire at its Tasiast mine on June 15, which temporarily halted milling operations. The company revised its 2021 production forecast to 2.1 million Au eq. oz., down from 2.4 million Au eq. oz. Mining and project work at Tasiast have resumed. Preliminary estimates suggest the SAG mill could restart by year-end at a cost of up to $50 million. Despite the incident, Kinross maintains a strong financial position and projects annual production of approximately 2.7 million Au eq. oz. in 2022 and 2.9 million Au eq. oz. in 2023.
Kinross Gold Corporation has temporarily suspended mill operations at its Tasiast mine following a fire on June 15, 2021. Fortunately, there were no injuries reported. The company is collaborating with governmental authorities to investigate the fire's cause and assess any damage to operations. A further update will be provided once the assessment is completed. Kinross Gold is a leading gold mining enterprise with operations spanning multiple countries, emphasizing operational excellence and responsible mining.
Kinross Gold Corporation (KGC) announced the voting results from its Annual Meeting of Shareholders held on May 12, 2021. All nominees in the Management Information Circular dated March 16, 2021, were elected as directors, expanding the board to nine members after the retirement of John A. Brough. Voting results showed strong support with over 98% votes in favor for most nominees. Other business included the appointment of auditors and approval of the shareholder rights plan with similar strong backing. Detailed voting results are available on SEDAR.
Kinross Gold Corporation (KGC) has declared a quarterly dividend of US$0.03 per share, payable on June 17, 2021. Shareholders on record as of June 3, 2021 will receive this dividend, which qualifies as an eligible dividend for Canadian tax purposes. For non-resident shareholders, the dividend will be subject to Canadian non-resident withholding taxes. Kinross, based in Canada, operates gold mining projects across multiple countries, focusing on operational excellence and responsible mining.
Kinross Gold Corporation reported positive first-quarter results for 2021, emphasizing a strong start to the year. The company remains on track to meet its annual guidance, with its three largest producing mines—Paracatu, Kupol, and Tasiast—achieving the lowest costs in their portfolio. This performance demonstrates effective operational management and cost control strategies, potentially boosting shareholder confidence in the company's financial trajectory.
Kinross Gold Corporation (NYSE: KGC) announced plans to redeem all outstanding 5.125% Senior Notes, worth $500 million, on June 1, 2021. Following this redemption, $1,250 million in Senior Notes will remain, with a subsequent maturity of $500 million set for March 15, 2024. The redemption will occur at the principal amount plus accrued interest, halting interest accrual post-redemption. Kinross emphasizes operational excellence and financial strength in its gold mining operations across various countries.
Kinross Gold Corporation (NYSE: KGC) has announced its virtual Annual Meeting of Shareholders, set for May 12, 2021, at 10:00 a.m. EDT. The company will release its financial results for Q1 2021 on May 11, 2021, followed by a conference call on the 12th at 7:45 a.m. EDT. This meeting format ensures safety amid the COVID-19 pandemic while maintaining transparency. Shareholders can access voting instructions and meeting materials through the company’s website, along with the 2020 Annual Report and other relevant documents.
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?
