Kinross to redeem $500 million in Senior Notes on December 4, 2025

Rhea-AI Summary

Kinross (NYSE: KGC) will redeem all outstanding $500 million aggregate principal amount of its 4.50% Senior Notes due July 15, 2027 on December 4, 2025 (the Redemption Date).

The Notes will be redeemed at a redemption price determined under the Notes' terms and will include accrued and unpaid interest to, but not including, the Redemption Date; interest will cease to accrue from and after the Redemption Date.

After the redemption, Kinross will have $750 million aggregate principal amount of Senior Notes outstanding, with the next Senior Notes maturity being $500 million due July 15, 2033. Bondholder questions should be directed to Computershare Corporate Trust via the provided contact details.

Positive

• Redeems $500 million of 4.50% notes on Dec 4, 2025
• Post-redemption Senior Notes outstanding reduced to $750 million

Negative

• Requires a $500 million redemption payment on Dec 4, 2025
• Senior notes maturities concentrated with $500 million next due on Jul 15, 2033

News Market Reaction

-3.97%

7 alerts

-3.97% News Effect

-$1.21B Valuation Impact

$29.33B Market Cap

0.1x Rel. Volume

On the day this news was published, KGC declined 3.97%, reflecting a moderate negative market reaction. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1.21B from the company's valuation, bringing the market cap to $29.33B at that time.

Data tracked by StockTitan Argus on the day of publication.

(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.)

TORONTO, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) (“Kinross”) announced today it will redeem all of the outstanding 4.50% Senior Notes due July 15, 2027 (the “Notes”), which have an aggregate principal amount of $500 million, on December 4, 2025 (the “Redemption Date”).

The Notes will be redeemed at a redemption price determined in accordance with the terms of the Notes and will include accrued and unpaid interest to, but not including, the Redemption Date. Interest on the Notes will cease to accrue from and after the Redemption Date.

After the Notes are redeemed, Kinross will have $750 million aggregate principal amount of Senior Notes outstanding, with the next Senior Notes maturity date on July 15, 2033 for $500 million in aggregate principal amount.

Questions regarding the redemption of the Notes issued by Kinross should be directed to Computershare Corporate Trust in person at its offices at 1505 Energy Park Drive, St Paul, MN 55108, by facsimile transmission at (877) 407-4679, by telephone at (800) 344-5128 or by email at cctbondholdercommunications@computershare.com.

About Kinross Gold Corporation

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).

Media Contact
Samantha Sheffield
Director, Corporate Communications
phone: 416-365-3034
Samantha.Sheffield@Kinross.com

Investor Relations Contact
David Shaver
Senior Vice-President, Investor Relations & Communications
phone: 416-365-2854
InvestorRelations@Kinross.com  

Source: Kinross Gold Corporation

FAQ

What is Kinross (KGC) redeeming on December 4, 2025?

Kinross is redeeming all outstanding $500 million aggregate principal of its 4.50% Senior Notes due July 15, 2027 on Dec 4, 2025.

How will interest on the redeemed Kinross (KGC) notes be handled?

The redemption will include accrued and unpaid interest to, but not including, Dec 4, 2025; interest will cease to accrue from and after that date.

How much Senior Notes will Kinross (KGC) have outstanding after the Dec 4, 2025 redemption?

After the redemption Kinross will have $750 million aggregate principal amount of Senior Notes outstanding.

When is Kinross's next Senior Notes maturity after the redemption and for how much?

The next Senior Notes maturity is $500 million due July 15, 2033.

How is the redemption price for Kinross (KGC) 4.50% notes determined?

The redemption price will be determined in accordance with the terms of the Notes as specified in the note documentation.

Who should bondholders contact about the Kinross (KGC) note redemption?

Bondholders should contact Computershare Corporate Trust using the provided office address, fax, phone numbers, or email for bondholder communications.