Kinross Gold Stock Price, News & Analysis

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.

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.