Key Developments: Kinross Gold Corp (KGC)

KGC on New York Consolidated

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20 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Kinross Gold Corp gives FY 2015 production guidance - Conference Call
Wednesday, 11 Feb 2015 01:00pm EST 

Kinross Gold Corp:Expects FY 2015 production to be about 2.4 to 2.6 mln gold equivalent ounces.  Full Article

Kinross updates FY 2014 production guidance
Wednesday, 5 Nov 2014 05:00pm EST 

Kinross Gold Corp:Expects FY 2014 to be at the high end of a narrowed production guidance range of 2.6-2.7 mln Au eq. oz., from previous guidance range of 2.5-2.7 mln Au eq. oz.  Full Article

Fortress Minerals Corp enters into agreement to acquire Fruta del Norte Project from Kinross Gold
Tuesday, 21 Oct 2014 05:45pm EDT 

Fortress Minerals Corp:Enteres into definitive share purchase agreement to purchase a 100 pct interest in the Fruta del Norte Gold Project located in Ecuador from Kinross Gold Corp for total consideration of $240 mln.Subject to shareholder approval, upon closing of the Acquisition, Fortress will change its name to Lundin Gold Inc.Lundin Gold will be the principal gold vehicle of the companies controlled by the Lundin family, with FDN being the flagship asset upon which it will build its gold business.  Full Article

Kinross Gold Corp reports temporary suspension of mill at Round Mountain Mine
Wednesday, 8 Oct 2014 05:00pm EDT 

Kinross Gold Corp:Announced that mill operations at its Round Mountain mine in Nye Country, Nevada are temporarily suspended following a fire in the mill building on Oct. 1. There were no injuries.Says the company is currently assessing the mill's estimated downtime and will provide an update when it announces its results for the quarter on Nov. 5.Production continues uninterrupted from the mine's heap leach facilities, which account for about 75 pct of Round Mountain's production.  Full Article

Kinross Gold Corp reaffirms FY 2014 production guidance
Wednesday, 30 Jul 2014 05:00pm EDT 

Kinross Gold Corp:Expects to be within its FY 2014 forecast guidance for production (2.5-2.7 million Au eq. oz.).  Full Article

Kinross Gold Corp reaffirms FY 2014 production guidance
Wednesday, 7 May 2014 05:00pm EDT 

Kinross Gold Corp:Expects to be within its FY 2014 forecast guidance for production (2.5-2.7 mln Au eq. oz.).  Full Article

Kinross Gold Corp reaches agreement with unions to end strike at Maricunga
Wednesday, 12 Mar 2014 06:40pm EDT 

Kinross Gold Corp:Signs memorandum of understanding with its two unions at Maricunga mine in Chile to end strike which started on March 5.Reaches agreement that is fair and reasonable to both its employees and the company and recognizes cost challenges at Maricunga and current gold price environment.Strike is not expected to impact the company's 2014 regional guidance for Americas.Management plans to return to normal operations as soon as possible.  Full Article

Kinross Gold Corp completes $500 million unsecured debt offering
Thursday, 6 Mar 2014 05:00pm EST 

Kinross Gold Corp:Closes offering of debt securities, consisting of $500 mln principal amount of its 5.95% Senior Notes due 2024.Notes are unsecured, senior obligations of Kinross and are wholly and unconditionally guaranteed by certain of Kinross' wholly-owned subsidiaries that are also guarantors under Kinross' senior unsecured credit agreement.Intends to use the net proceeds to repay a portion of its term loan, which is due August 2017.  Full Article

Kinross Gold Corp announces strike at maricunga mine
Wednesday, 5 Mar 2014 05:15pm EST 

Kinross Gold Corp:Unionized employees at the company's Maricunga mine in Chile's Region III have initiated strike action following the failure to reach agreement on a new collective agreement at the mine.Mining operations at Maricunga have been suspended, while the heap leach facility and processing plant remain in operation in order to meet environmental compliance obligations.Kinross is unable at this time to predict when striking employees may return to work, or what the production impact may be, but will update the market as appropriate.  Full Article

Kinross Gold Corp announces $500 million unsecured 10-year debt offering
Thursday, 27 Feb 2014 05:00pm EST 

Kinross Gold Corp:Prices offering of debt securities consisting of $500 million principal amount of its 5.95% Senior Notes, due 2024.Notes will be unsecured, senior obligations of Kinross and will be wholly and unconditionally guaranteed by certain of Kinross' wholly-owned subsidiaries that are also guarantors under Kinross' senior unsecured credit agreement.The offering is expected to close on March 6, 2014.Intends to use the net proceeds to repay a portion of its term loan, which is due August 2017.  Full Article

UPDATE 1-Kinross Gold says Chile mine operations still down after flooding

April 1 - Kinross Gold Corp said on Wednesday its mining and crushing operations at its Maricunga mine in northern Chile remain suspended following severe floods in the region last week.

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