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Kinross Gold Corp (KGC.N)

KGC.N on New York Stock Exchange

4.22USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Kinross announces vend-in of Yukon property to White Gold Corp
Thursday, 18 May 2017 05:20pm EDT 

May 18 (Reuters) - Agnico Eagle Mines Ltd :Kinross announces vend-in of Yukon property to create White Gold Corp strategic alliance.Kinross Gold Corp - entered into an agreement to acquire an approximately 19.9% interest in White Gold Corp.Kinross Gold - acquired interest in White Gold by selling its 100% interest in white gold exploration project in Yukon territory to White Gold Corp.  Full Article

Kinross reports Q1 adjusted EPS $0.02
Tuesday, 2 May 2017 05:00pm EDT 

May 2 (Reuters) - Kinross Gold Corp :Kinross Gold reports 2017 first-quarter results.Q1 earnings per share $0.11.Q1 revenue $796.1 million versus $782.6 million.Q1 adjusted earnings per share $0.02.Says again on track to meet our annual guidance for production and costs..Expects to be its 2017 capital expenditures guidance of $900 million.Says tasiast phase one expansion on budget and on schedule to reach full production in q2 2018.Qtrly production of 671,956 gold equivalent ounces, compared with 687,463 au eq. oz. In q1 2016.Qtrly all-in sustaining cost of $953 per au eq. oz. Sold, compared with $956 in q1 2016.Feasibility study for tasiast phase 2 is on schedule to be finalized in q3, when co expects to make development decision for the project.Will enter into a contingent water supply agreement with cerro casale joint venture.Expects to use any water supplied under such agreement for its chilean assets to enhance future optionality.  Full Article

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

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BRIEF-Kinross announces vend-in of Yukon property to White Gold Corp

* Kinross announces vend-in of Yukon property to create White Gold Corp strategic alliance