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 (NYSE: KGC) has acquired 7,574,237 units of Eminent Gold Corp. at $0.40 per unit, for a total investment of $3,029,694.80. Each unit consists of one common share and half a share purchase warrant. The warrants allow holders to purchase additional shares at $0.70 per share within 24 months.
Through this acquisition, Kinross now owns approximately 9.9% of Eminent's outstanding shares on a non-diluted basis and 14.15% on a partially diluted basis. Kinross has agreed to a standstill provision limiting its ownership to 19.9% on a partially diluted basis. Prior to this investment, Kinross held no securities in Eminent.
Kinross Gold (NYSE: KGC) has announced a temporary suspension of mill operations at its Tasiast facility following a mill fire incident on April 14, 2025. The fire, which was contained to the SAG discharge area, has been fully extinguished with no reported injuries.
Mining operations continue as planned, and the company maintains its existing guidance for Tasiast. Critical spare parts are available on-site, and Kinross is currently investigating the cause while assessing potential operational impacts.
Kinross Gold (NYSE: KGC) has announced it will release its Q1 2025 financial statements and operating results on Tuesday, May 6, 2025, after market close. The company will host a conference call and audio webcast to discuss the results on Wednesday, May 7, 2025, at 7:45 a.m. EDT.
The company's Annual Meeting of Shareholders will be held virtually on Wednesday, May 7, 2025, at 10:00 a.m. EDT via live audio webcast, providing enhanced flexibility for shareholder participation regardless of location. The virtual meeting will be accessible through Lumiconnect.com.
The company has also announced that its 2024 Annual Report, Management Information Circular, Annual Information Form, and Form 40-F have been filed with SEDAR+ and EDGAR.
Kinross Gold (TSX: K, NYSE: KGC) has announced the renewal of its normal course issuer bid (NCIB) program, authorized by the Toronto Stock Exchange. The program allows Kinross to purchase up to 110,350,160 common shares, representing 10% of its public float, between March 24, 2025, and March 23, 2026.
The company can make daily repurchases of up to 853,989 shares on the TSX and 25% of average daily trading volume on the NYSE. Kinross believes the market price may not fully reflect share value and considers buybacks an attractive use of funds. The program, along with quarterly dividends, is supported by the company's investment-grade balance sheet and strong free cash flow generation.
All purchased shares will be cancelled. Under the previous NCIB approved in August 2023, which authorized repurchasing up to 108,440,227 shares, no common shares were repurchased.
Kinross Gold (TSX: K, NYSE: KGC) has announced a strategic investment in Relevant Gold Corp. through a non-brokered private placement agreement. The deal involves acquiring 15,410,000 common shares at $0.30 per share, totaling $4,623,000.
Following the transaction, Kinross will increase its ownership from 6.8% to approximately 19.9% of Relevant Gold's issued and outstanding shares. Including 2,550,000 share purchase warrants, Kinross's ownership would reach 21.8% on a partially diluted basis. The company has agreed not to exercise warrants that would result in over 20% ownership without shareholder approval.
The transaction is expected to close in March 2025, subject to customary conditions.
Kinross Gold (TSX: K; NYSE: KGC) has announced a quarterly dividend declaration of US$0.03 per common share for the fourth quarter of 2024. The dividend will be paid on March 20, 2025, to shareholders who are on record as of March 5, 2025. The company noted that this dividend qualifies as an 'eligible dividend' for Canadian income tax purposes, while non-resident investors will be subject to Canadian non-resident withholding taxes.
Kinross Gold (KGC) reported strong 2024 results, meeting all key guidance metrics. The company achieved record free cash flow of $1.3 billion and repaid $800 million of debt. Key highlights include:
- Production of 2.13 million gold equivalent ounces in 2024
- Average realized gold price of $2,393 per ounce for 2024
- Revenue increased 21% year-over-year to $5.15 billion
- Net earnings of $948.8 million ($0.77 per share) in 2024
- Cash and cash equivalents of $611.5 million with total liquidity of $2.3 billion
The company declared a quarterly dividend of $0.03 per share and forecasts stable production guidance of approximately 2.0 million attributable gold equivalent ounces through 2027. Operational highlights include record throughput at Tasiast and strong performance at Paracatu, delivering over 500,000 gold ounces for the 7th consecutive year.
Kinross Gold (TSX: K; NYSE: KGC) has announced its schedule for releasing 2024 fourth-quarter and full-year financial results on February 12, 2025, after market close. Along with the financial results, the company will provide its full-year 2025 guidance, mineral reserve and resource statement as of December 31, 2024, and an exploration project update.
The company has also outlined its complete 2025 quarterly reporting schedule: Q1 results on May 6, Q2 results on July 30, and Q3 results on November 4, all after market close. The Annual Meeting of Shareholders is scheduled for May 7, 2025, at 10 a.m. ET. Each results announcement will be followed by a conference call and audio webcast for investors and analysts.
Kinross Gold (TSX: K; NYSE: KGC) has announced a quarterly dividend declaration of US$0.03 per common share for the third quarter of 2024. The dividend will be paid on December 12, 2024, to shareholders recorded at the close of business on November 28, 2024. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes, while non-resident investors will be subject to Canadian non-resident withholding taxes.
Kinross Gold (NYSE: KGC) reported robust third-quarter 2024 results, highlighted by significant margin expansion and record free cash flow generation. The company achieved a notable milestone with a $350 million debt repayment during the quarter. Operations showed strong performance with first gold production from the Manh Choh project and promising Preliminary Economic Assessment (PEA) results at Great Bear. The company maintains its trajectory to meet annual guidance targets, demonstrating operational stability and financial strength.
FAQ
What is the current stock price of Kinross Gold (KGC)?
What is the market cap of Kinross Gold (KGC)?
