Welcome to our dedicated page for Kinross Gold news (Ticker: KGC), a resource for investors and traders seeking the latest updates and insights on Kinross Gold stock.
Kinross Gold Corporation (KGC) is a leading global gold producer with mines across the Americas and West Africa. This news hub provides investors and industry professionals with verified updates on operational developments, financial results, and strategic initiatives shaping the company's growth in the mining sector.
Access real-time announcements including quarterly earnings reports, mineral reserve updates, leadership changes, and sustainability initiatives. Our curated collection features official press releases alongside third-party analysis of production metrics, exploration progress, and market positioning.
Key updates cover mine expansion projects, cost optimization strategies, and compliance with environmental regulations. Track Kinross Gold's execution of its disciplined capital allocation framework through acquisition announcements and portfolio optimization decisions.
Bookmark this page for direct access to primary source materials that inform investment decisions and sector analysis. Check regularly for updates on operational milestones from key assets including Tasiast, Paracatu, and Fort Knox mines.
Kinross Gold Corporation reported record free cash flow exceeding $1 billion for the ninth consecutive year, highlighting impressive operational performance. The company successfully met guidance for 2020 and expects a production growth of 20% for 2023. These results affirm Kinross's strong financial health and commitment to shareholder value, reinforcing its status in the mining sector.
Kinross Gold Corporation announced a significant increase in mineral reserves, adding 5.7 million gold ounces, a 23% year-over-year rise, bringing total reserves to 30 million gold ounces. The mine life extension includes one additional year for Kupol and Paracatu, and three years for Chirano. This positive outlook on reserves and mine life reflects Kinross's strong positioning in the market and its ongoing commitment to development and exploration.
Kinross Gold Corporation announced the acquisition of 3,125,000 common shares of Wolfden Resources Corporation for CA$1,000,000 at a price of CA$0.32 per share. Following this transaction, Kinross holds 15,625,000 shares in Wolfden, representing approximately 11.4% of its outstanding shares. This investment aims to enhance Kinross' portfolio, with plans for future acquisitions or dispositions of Wolfden securities. Kinross will file an early warning report on SEDAR.
Kinross Gold Corporation (TSX:K; NYSE:KGC) announced the release of its 2020 fourth-quarter and full-year financial results on February 10, 2021, followed by a conference call on February 11, 2021. The company will provide its 2021 guidance, mineral reserve and resource statements, and an exploration update. Kinross also detailed its quarterly reporting schedule for 2021, with the first quarter's results due on May 11, 2021. The full-year and quarterly results will be available after market close.
Kinross Gold Corporation has declared a dividend of US$0.03 per common share for Q3 2020, payable on December 10, 2020. Shareholders on record by the close of business on November 25, 2020 will receive this dividend, which qualifies as an eligible dividend for Canadian income tax. Non-resident shareholders outside Canada should be aware of applicable withholding taxes. Kinross operates multiple mines across the Americas and Africa and is listed on both the Toronto Stock Exchange and the New York Stock Exchange under the symbols K and KGC, respectively.
Kinross Gold Corporation reported a significant increase in earnings and cash flow for Q3 2020, bolstered by strong operational performance. The company remains on track to meet its annual guidance for the ninth consecutive year. Key highlights include improved production figures, which reflect a 10% increase in gold equivalent ounces compared to the previous quarter.
Kinross continues to enhance its financial position, demonstrating resilience and effective cost management amidst market fluctuations.
Kinross Gold Corporation (KGC) anticipates producing an average of 2.5 million gold equivalent ounces annually from 2020 to 2029, fueled by strong organic growth opportunities. The projected production for 2021-2023 is set to increase by 20%, with estimates of 2.4 million ounces in 2021, 2.7 million in 2022, and 2.9 million in 2023. The company expects a downward trend in costs per ounce sold. CEO J. Paul Rollinson expressed confidence in generating substantial shareholder value, supported by a diverse portfolio of long-life assets and a recently reinstated quarterly dividend.
Kinross Gold Corporation will release its financial statements and operating results for Q3 2020 on November 4, 2020, after market close. The company will host a conference call on November 5, 2020, at 8:00 a.m. ET to discuss the results, followed by a Q&A session. The call can be accessed through toll-free numbers for Canada & US and internationally. Kinross operates mining projects across various countries, including the United States and Brazil, and is listed on both the TSX and NYSE.
On October 20, 2020, Kinross Gold Corporation (KGC) will host a presentation from 10:00 a.m. to 12:00 p.m. ET, discussing its three-year operational guidance and portfolio opportunities. Call-in details include a toll-free number for Canada and the US at +1 (833) 968-2237, and an international line at +1 (825) 312-2059. Participants can also join via webcast on Kinross's website. A replay will be available for 14 days post-call. Kinross Gold operates mines in various countries, including the US, Brazil, and Ghana.
The Company announces a project aimed at utilizing its Fort Knox mill, anticipated to enhance production and improve cash flow.
Operating in a top-tier jurisdiction, this initiative signifies a strategic move to bolster financial performance.
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