Kinross Gold Stock Price, News & Analysis

Kinross Gold (TSX: K, NYSE: KGC) has released a positive update on its Great Bear project in Red Lake, Ontario, Canada. The Preliminary Economic Assessment (PEA) reveals impressive annual production exceeding 500,000 ounces of gold, with low All-In Sustaining Costs (AISC) of approximately $800 per ounce. These figures suggest strong profit margins for the project. Additionally, drilling beyond the PEA inventory has uncovered high-grade mineralization at depth, indicating potential for future resource expansion. This development marks a significant milestone for Kinross, potentially bolstering its production portfolio and financial outlook in the coming years.

Kinross Gold (TSX:K; NYSE:KGC) has announced a virtual presentation and Q&A session scheduled for September 10, 2024, at 9 a.m. EDT. The event will focus on releasing the Preliminary Economic Assessment for the Great Bear project. Investors and interested parties can access the presentation via an audio webcast on the company's website, www.kinross.com, where it will also be archived for future reference.

For those wishing to participate in the call, toll-free numbers are provided for Canada and US (1-866-613-0812), as well as an international number (647-694-2812). A replay of the call will be available for 30 days, accessible through provided phone numbers and a passcode. This update on the Great Bear project is likely to provide valuable insights into Kinross's future operations and potential economic impact.

Kinross Gold (TSX: K; NYSE: KGC) has announced a quarterly dividend of US$0.03 per common share for the second quarter of 2024. The dividend will be paid on September 6, 2024, to shareholders of record as of the close of business on August 22, 2024. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes. Non-resident investors will be subject to Canadian non-resident withholding taxes. The declaration of this dividend demonstrates Kinross's commitment to providing returns to shareholders and confidence in its financial position.

Kinross Gold (TSX: K, NYSE: KGC) reported strong Q2 2024 results, highlighting robust margins and significant free cash flow that enabled a $200 million debt repayment. The company noted positive progress across all growth projects, including first gold production from Manh Choh. Additionally, Kinross reported high-grade exploration results at Great Bear, Round Mountain, and Curlew projects.

The strong performance underscores Kinross's operational efficiency and strategic growth initiatives. The debt repayment strengthens the company's financial position, while the advancement of growth projects and promising exploration results indicate potential for future expansion and increased gold production.

Li-Cycle Holdings Corp. (NYSE: LICY) has appointed Craig Cunningham as its permanent Chief Financial Officer (CFO), effective July 20, 2024. Cunningham, who has served as interim CFO since March 2024, brings nearly two decades of experience in accounting, finance, operations, and capital markets, with a strong background in the battery materials and mining sectors. His appointment comes as Li-Cycle continues to execute key objectives, including working with the U.S. Department of Energy on financing documentation for a potential loan and reviewing the Rochester Hub project. Cunningham's experience includes roles at Electra Battery Materials and Kinross Gold , positioning him to support Li-Cycle's growth and strategic priorities in the lithium-ion battery resource recovery industry.

Relevant Gold Corp. (TSXV:RGC, OTCQB:RGCCF) announced a $1,530,000 private placement investment by Kinross Gold The financing involves 5,100,000 units priced at $0.30 per unit, each consisting of one common share and a half-share purchase warrant. The warrants are exercisable at $0.35 for 24 months. Post-placement, Kinross will hold 9.9% of Relevant Gold's shares on a partially diluted basis. An Investor Rights Agreement grants Kinross rights to future financing participation and a potential increase in ownership to 19.9%. Proceeds will fund Wyoming exploration projects and working capital. The closing is contingent on TSX Venture Exchange approval.

Kinross Gold (TSX: K; NYSE: KGC) announced it will release its Q2 2024 financial statements and operating results on July 31, 2024, after market close. A conference call and audio webcast to discuss these results will take place on August 1, 2024, at 8:00 a.m. EDT. Investors can join the call via toll-free numbers for Canada and the US (+1 888-596-4144) or internationally (+1 646-968-2525) using passcode 5766018. A replay will be available for 14 days after the call. The webcast can be accessed on the company's website at www.kinross.com and will be archived for future reference.

Kinross Gold has published its 2023 Sustainability Report, detailing significant strides in its ESG (Environmental, Social, and Governance) initiatives. In 2023, Kinross generated $4.1 billion in economic benefits through taxes, wages, procurement, and community support. Noteworthy achievements include maintaining low injury frequency rates, increasing local employment, and advancing diversity with a record 14% female workforce representation. Additionally, the company improved its water intensity by 9%, recycled 82% of water, and achieved a zero fresh water consumption in ore processing in water-stressed regions. Kinross also advanced its green energy projects, including completing a 34MW solar plant, and is on track to reduce greenhouse gas emissions by 30% by 2030. The company’s ESG performance has been recognized in the Dow Jones Sustainability World Index and S&P Global Sustainability Yearbook.

Kinross Gold announced the detailed voting results of its Board of Directors election at the virtual Annual Meeting of Shareholders. The nominees listed in the Management Information Circular were elected as directors. The voting results for each nominee and other business items were disclosed.