Edition:
United States

Kinross Gold Corp (KGC.N)

KGC.N on New York Stock Exchange

3.45USD
23 Mar 2017
Change (% chg)

$-0.04 (-1.15%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Orca Gold acquires exploration assets in the Côte D'ivoire from Kinross
Wednesday, 1 Feb 2017 06:30am EST 

Orca Gold Inc : Orca Gold acquires exploration assets in the Côte D'ivoire from Kinross . Orca - Upon closing of acquisition, co will issue about 10.6 million shares in capital of Orca to Kinross .Executed a share purchase agreement with two wholly-owned subsidiaries of Kinross Gold Corporation.  Full Article

Premier signs acquisition deals with Goldcorp and Kinross USA
Wednesday, 26 Oct 2016 06:00am EDT 

Premier Gold Mines Ltd : Premier Gold Mines Ltd - to acquire exploration projects in Nevada and Mexico . Premier Gold Mines Ltd - agreement grants premier right to earn a 50 pct interest in Goldbanks project in Pershing County, Nevada . Premier Gold Mines Ltd - to earn a 50 pct interest in project, Premier is required to spend $20 million in exploration on property over five years .Premier Gold Mines Ltd - Kinross may elect to become operator following premier having earned a 50 pct interest.  Full Article

Yorbeau Resources, Kinross Gold agree deal for Rouyn property
Tuesday, 25 Oct 2016 08:59am EDT 

Yorbeau Resources Inc : Yorbeau and Kinross sign definitive option agreement for the Rouyn property . Kinross has option to acquire a 100 pct interest in Yorbeau's Rouyn property ("property") in Quebec, Canada . Kinross will subscribe to a $1 million private placement of units in company .Kinross will be operator and project manager of property during option period.  Full Article

Nighthawk plans to complete a $10.1 million non-brokered private placement
Thursday, 13 Oct 2016 07:01am EDT 

Nighthawk Gold Corp : Press release - Nighthawk announces strategic investment by kinross gold . Intends to complete a $10.1 million non-brokered private placement , including a strategic investment by Kinross Gold Corp . Nighthawk gold corp - offering will consist of up to 6.2 million common shares at a price of $0.50 per common share .Nighthawk gold - following completion of offering, Kinross will hold about 9.5 pct of Nighthawk's issued and outstanding common shares on undiluted basis.  Full Article

Press release - kinross sells portion of lundin gold shares
Monday, 26 Sep 2016 07:32am EDT 

Kinross Gold Corp : Kinross sells portion of lundin gold shares . GMP has agreed to purchase, for re-sale on a private placement basis, 5,500,000 common shares of lundin gold inc. .GMP is purchasing shares at a price per share of C$5.60, resulting in gross proceeds of C$30,800,000.  Full Article

Kinross gets offers for Maricunga, made no decision-CEO
Thursday, 28 Jul 2016 08:51am EDT 

Kinross Gold Corp : Kinross Gold Corp has received unsolicited expressions of interest for its Maricunga gold mine in Chile, says CEO ."Not in a situation where we need to sell assets", but no decision made on sale, says CEO.  Full Article

Kinross Gold Q2 adjusted loss per share $0.01
Wednesday, 27 Jul 2016 05:19pm EDT 

Kinross Gold Corp : Qtrly production was 671,267 gold equivalent ounces (au eq. oz.), compared with 660,898 au eq. oz. in Q2 2015 . Qtrly all-in sustaining cost was $988 per au eq. oz. Sold, compared with $1,011 in Q2 2015. . "Remain on track to be within our full-year guidance range for both production and cost of sales" . Expects to be within its 2016 guidance range for production cost of sales $675 - $735 per au eq. oz. . Kinross is tracking below its 2016 capital expenditure forecast of $755 million and is reviewing timing of its capital spend for second half of 2016. . Due to lack of rainfall at Paracatu during 2015-2016 rainy season, expects to temporarily suspend operation of mine's plant 1 facility in second half of Q3. . Says as a result of suspension at Tasiast mine, phase one expansion's expected timing for commercial production may extend to Q2 2018 . Reports 2016 second-quarter results . Q2 revenue $876.4 million versus $755.2 million . Q2 adjusted loss per share $0.01 . Q2 loss per share $0.02 . Kinross expects to be within its 2016 guidance range for production 2.7 - 2.9 million au eq. Oz . Expects to be within its 2016 guidance range for all-in sustaining cost $890 - $990 per au eq. oz. . Plant 1 at Paracatu will remain suspended until water balance rises sufficiently to allow for production to restart..  Full Article

Kinross temporarily suspends mining at Tasiast mine
Monday, 20 Jun 2016 09:17am EDT 

Kinross Gold Corp : Kinross Gold Corp says company could not continue to fully operate site in a safe and environmentally responsible manner . Says does not expect this issue to affect development of tasiast phase one expansion . Says discussions with government of Mauritania to resolve issue are ongoing . Suspension due to Mauritanian ministry's decision to prohibit employees from working at site due to allegations of invalid work permits .Kinross temporarily suspends mining and processing operations at the Tasiast mine.  Full Article

Kinross Gold says strike at Tasiast Mine has ended
Monday, 13 Jun 2016 09:00am EDT 

Kinross Gold Corp : Strike by unionized employees at its Tasiast mine that began on May 24, 2016 has ended . Strike is not expected to impact company's annual regional guidance and did not affect development of Tasiast phase one expansion . Negotiations with staff delegates on new collective labour agreement and other outstanding items expected to re-commence within ten days .Kinross announces end of strike at Tasiast mine.  Full Article

Kinross Gold reports Q1 loss of $0.01 per share
Tuesday, 10 May 2016 05:00pm EDT 

Kinross Gold Corp : Expects to be within its 2016 forecast guidance for production cost of sales and all-in sustaining cost . Sees all-in sustaining cost guidance range of $890-$990 per au eq. oz. sold in 2016 . Expects to meet its revised 2016 capital expenditure forecast of approximately $755 million . 2016 capital expenditures guidance was increased to $755 million to reflect additional $160 million to be spent on tasiast phase 1 expansion . Kinross Gold Corp says q1 production of 687,463 gold equivalent ounces compared with 629,360 ounces last year . Kinross Gold Corp qtrly production cost of sales $694 per au eq. oz., compared with $709 in q1 2015 . Q1 earnings per share view $-0.01, revenue view $799.0 million -- Thomson Reuters I/B/E/S . Kinross reports 2016 first quarter results . Q1 loss per share $0.01 . Q1 revenue $782.6 million versus $781.4 million .Q1 adjusted earnings per share $0.00.  Full Article

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BRIEF-BONTERRA ANNOUNCES STRATEGIC INVESTMENT BY KINROSS GOLD

* ON CLOSING OF TRANSACTION, KINROSS WILL HOLD ABOUT 9.5% OF CO'S ISSUED, OUTSTANDING COMMON SHARES ON AN UNDILUTED BASIS