Key Developments: Kinross Gold Corp (KGC)

KGC on New York Consolidated

4.36USD
11 Jul 2014
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$0.09 (+2.11%)
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Latest Key Developments (Source: Significant Developments)

Kinross Gold Corp Suspends Semi-Annual Dividend
Wednesday, 31 Jul 2013 05:00pm EDT 

Kinross Gold Corp announced that the Board of Directors has suspended the upcoming semi-annual dividend.  Full Article

Kinross Gold Corp Reaffirms FY 2013 Production Guidance
Tuesday, 7 May 2013 05:00pm EDT 

Kinross Gold Corp announced that the Company expects to be within its fiscal 2013 forecast guidance for production (2.4-2.6 million attributable gold equivalent ounces), production cost of sales ($740-$790 per gold equivalent ounce), all-in sustaining cost ($1,100-$1,200 per gold ounce sold) and capital expenditures ($1.6 billion).  Full Article

Kinross Gold Corp Declares Dividend
Wednesday, 13 Feb 2013 05:00pm EST 

Kinross Gold Corp announced that the Board of Directors has declared a dividend of $0.08 per common share, payable on March 28, 2013 to shareholders of record at the close of business on March 21, 2013.  Full Article

Kinross Gold Corp Issues FY 2013 Production Guidance
Wednesday, 13 Feb 2013 05:00pm EST 

Kinross Gold Corp announced that for fiscal 2013, it expects to produce approximately 2.4-2.6 million gold equivalent ounces at a production cost of sales per gold equivalent ounce of $740-790.  Full Article

Southridge Enterprises Inc Announces Joint Partnership with Kinross Gold Corp for Cinco Minas and Gran Cabrera Properties
Wednesday, 26 Dec 2012 09:00am EST 

Southridge Enterprises Inc announced a new Joint Partner, Kinross Gold Corp for its Cinco Minas and Gran Cabrera properties. Southridge's joint partnership with Kinross is valued at roughly $550,000,000 to $600,000,000. Southridge and its advisers are currently working hand in hand with Kinross to finalize the remaining documents and agreements in order to execute this new joint partnership for its Cinco Minas and Gran Cabrera properties with Kinross. Due to the size and complexity of this transaction we expect to execute this joint partnership with Kinross by Mid-January.  Full Article

Kinross Gold Corp Reaffirms FY 2012 Production Guidance
Wednesday, 7 Nov 2012 05:00pm EST 

Kinross Gold Corp announced that the Company remains on track to meet its fiscal 2012 production forecast of approximately 2.5-2.6 million gold equivalent ounces from its continuing operations, and its cost of sales forecast of $690-$725 per gold equivalent ounce.  Full Article

Kinross Gold Corp Announces Appointment Of New Chief Financial Officer
Wednesday, 31 Oct 2012 05:05pm EDT 

Kinross Gold Corp announced the appointment of Tony S. Giardini as Executive Vice-President and Chief Financial Officer. Mr. Giardini is expected to join Kinross effective December 1, 2012. He will replace Paul H. Barry, whose departure was announced on October 10, 2012, and who will continue in a transition role for an appropriate period.  Full Article

Kinross Gold Corp's Barry To Quit As CFO-Canada Stockwatch News
Wednesday, 10 Oct 2012 08:25am EDT 

Canada Stockwatch News reported that Kinross Gold Corp.'s Executive Vice-President and Chief Financial Officer (CFO), Paul H. Barry, will be leaving the Company and pursuing other interests. The Company is conducting a full search for a suitable replacement. Mr. Barry will remain in his role until a new CFO is appointed, and will assist the new CFO during an agreed transition period.  Full Article

Kinross Gold Corp Announces USD1.0 Billion Term Loan, Increases Unsecured Revolving Credit Facility To USD1.5 Billion
Friday, 17 Aug 2012 09:00am EDT 

Kinross Gold Corp announced that it has arranged a new US$1.0 billion term loan. The three-year term loan will mature on August 10, 2015, and has no mandatory amortization payments. Kinross also announced that it has amended its unsecured revolving credit facility. The changes to the facility include an increase of available credit to USD1.5 billion from USD1.2 billion, and an extension of the term to August 10, 2017 from March 31, 2015. The overall improvement in the terms and conditions reflect the Company's investment grade ratings, which were obtained after Kinross last refinanced the revolving credit facility on March 31, 2011. Kinross intends to use the proceeds of the financings for general corporate purposes. Joint lead arrangers were The Bank of Nova Scotia, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets.  Full Article

Kinross Gold Corp Appoints New President
Thursday, 9 Aug 2012 06:00am EDT 

Kinross Gold Corp announced that Brant Hinze, formerly Executive Vice-President and Chief Operating Officer of Kinross, has been appointed President and Chief Operating Officer.  Full Article

Ecuador eyes legal reform, tax incentives to spur mining sector

NEW YORK, June 5 - Ecuador plans to change its mining law and offer tax incentives to attract foreign investors and spur investment in the stalled sector, a cabinet minister said on Thursday.

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