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) generates frequent news as a Canada-based gold producer with operating mines, development projects and financial activities across multiple jurisdictions. News coverage for Kinross often centers on its production performance, project development milestones, capital allocation decisions and corporate finance actions.
Investors following Kinross news can expect regular updates on quarterly and annual operating results, including gold equivalent ounces produced and sold, production cost of sales per gold equivalent ounce, all-in sustaining cost per gold equivalent ounce, operating cash flow, free cash flow and net earnings. These releases provide insight into the company’s cost structure, margins and overall financial position.
Project-related news is another key focus. Kinross issues detailed announcements on the progress of its growth projects, such as Round Mountain Phase X and Bald Mountain Redbird in Nevada, the Kettle River-Curlew (Curlew) project in Washington and the Great Bear project in Canada. These updates may describe underground development, drilling results, mine life extensions, mine plans, expected production contributions and capital expenditure plans, as well as decisions to proceed with construction.
Kinross news also covers capital structure and rating developments. Examples include the early redemption of Senior Notes, repayment of debt and credit rating actions such as the Moody’s upgrade of the company’s senior unsecured rating to Baa2. Additional items include announcements about dividend increases, share repurchase targets and transactions involving investments in other companies, such as changes in Kinross’ holdings of Asante Gold Corporation securities.
By monitoring this news feed, readers can track how Kinross manages its gold mining operations, advances its project pipeline, allocates capital and responds to market conditions, all based on the company’s own disclosures and regulatory filings.
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.
The Board has approved a quarterly dividend of $0.03 per share, reflecting ongoing confidence in financial stability. The company is also poised to boost production by 20% while benefiting from a trend of decreasing costs. These strategies are expected to enhance shareholder value and operational efficiency.
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