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United States

Kinross Gold Corp (KGC)

KGC on New York Consolidated

4.32USD
22 Nov 2017
Change (% chg)

$0.04 (+0.93%)
Prev Close
$4.28
Open
$4.33
Day's High
$4.34
Day's Low
$4.26
Volume
8,075,050
Avg. Vol
9,784,669
52-wk High
$4.91
52-wk Low
$2.88

Latest Key Developments (Source: Significant Developments)

Kinross reports Q3 earnings per share $0.05
Wednesday, 8 Nov 2017 05:00pm EST 

Nov 8 (Reuters) - Kinross Gold Corp :Kinross reports 2017 third-quarter results.Q3 earnings per share $0.05.Q3 revenue $828 million versus $910.2 million.Q3 adjusted earnings per share $0.07.Kinross Gold Corp - ‍tracking towards high end of 2017 production and low end of cost guidance​.Kinross Gold Corp qtrly ‍production of 653,993 gold equivalent ounces, compared with 684,129 au eq. oz. In q3 2016​.Kinross Gold Corp qtrly ‍all-in sustaining cost was $937 per au eq. oz. Sold, compared with $1,001 in q3 2016​.Kinross Gold Corp - ‍company expects to be within its capital expenditures guidance of $900 million (+/- 5%)​ for 2017.Kinross Gold Corp sees ‍2017 production 2.5 - 2.7 million au eq. oz​.Kinross Gold Corp sees 2017 all-in sustaining cost $925 - $1,025 per au eq. oz..Kinross Gold Corp - qtrly ‍adjusted net earnings $0.07 per share​.  Full Article

Ashanti Gold exercises option agreement with Kinross subsidiary
Tuesday, 17 Oct 2017 04:00pm EDT 

Oct 17 (Reuters) - Ashanti Gold Corp -:Ashanti Gold exercises option agreement with Kinross subsidiary.Ashanti Gold Corp - ‍ option agreement to earn a 100 percent interest in three prospecting licenses located in Ashanti belt in Central Ghana​.  Full Article

Integra Resources to acquire Delamar project from Kinross Gold
Tuesday, 19 Sep 2017 06:00am EDT 

Sept 19 (Reuters) - Integra Resources Corp :Integra Resources to acquire Delamar project from Kinross Gold.Integra Resources - ‍to acquire 100% of Delamar gold and silver project from a wholly-owned subsidiary Of Kinross Gold Corporation for C$7.5 million​.  Full Article

Kinross Gold says to proceed with Tasiast Phase Two, Round Mountain Phase W expansion projects
Monday, 18 Sep 2017 08:00am EDT 

Sept 18 (Reuters) - Kinross Gold Corp ::Kinross Gold says to proceed with Tasiast Phase Two and Round Mountain Phase W expansion projects.Kinross - Expect Tasiast Phase Two to increase mill capacity to 30,000 tonnes/day to produce average of about 812,000 gold ounces/year for first 5 yrs.Kinross - Tasiast Phase Two expected to generate free cash flow of $2.2 billion over life of mine; commercial production expected to begin Q3 2020.Kinross - Expect initial construction for phase two to begin early 2018; expects initial plant, infrastructure capital costs of about $590 million.Kinross Gold - Round Mountain Phase W expected to extend mining by 5 years, increase life-of-mine production by 1.5 million au oz. at one of co's mines.Kinross - Phase W expected to generate incremental cash flow of $265 million, sustain annual production at average of about 341,000 au oz. Through 2024.Kinross Gold - expects to finance Tasiast Phase Two, Round Mountain Phase W projects with balance sheet, existing liquidity, operating cash flows.  Full Article

Aurion announces private placement financing with Kinross Gold Corporation
Thursday, 7 Sep 2017 12:22pm EDT 

Sept 7 (Reuters) - Aurion Resources Ltd ::Aurion announces private placement financing with Kinross Gold Corporation.Aurion Resources Ltd says private placement will result in issuance of 6.8 million shares.Aurion Resources Ltd says ‍on closing, Kinross will own 9.98% of then issued shares of Aurion​.Aurion Resources Ltd says ‍net proceeds from private placement will be used by company for exploration and development of its properties in Finland​.Aurion Resources says co has negotiated non-brokered private placement of common shares with Kinross Gold Corporation​ ‍at a price of $2.32 per common share.  Full Article

Kinross Q2 earnings per share $0.03
Wednesday, 2 Aug 2017 05:00pm EDT 

Aug 2 (Reuters) - Kinross Gold Corp :Kinross reports 2017 second-quarter results.Q2 earnings per share $0.03.Q2 revenue $868.6 million versus $876.4 million.Kinross Gold Corp- ‍company expects to meet its 2017 capital expenditures forecast of approximately $900 million​.Kinross Gold Corp- ‍company expects to be within its 2017 production guidance range of about 2.5 - 2.7 million Au eq. oz.​.Kinross Gold Corp- ‍company expects to be within its 2017 all-in sustaining cost guidance range of $925 - $1,025 per Au eq. oz. sold​.  Full Article

Kinross announces US$500 mln unsecured 10-yr debt offering
Wednesday, 28 Jun 2017 05:20pm EDT 

June 28 (Reuters) - Kinross Gold Corp ::Kinross announces US$500 million unsecured 10-year debt offering.Kinross Gold Corp says has priced an offering of debt securities consisting of us$500 million principal amount of its 4.50% senior notes, due 2027.Intends to use net proceeds of offering, along with available cash on hand, to repay its term loan, which is due august 2020.  Full Article

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

Mauritania gets staff-level approval for $163 mln 3-year IMF deal

DAKAR, Nov 10 The International Monetary Fund said on Friday it had reached a staff-level agreement with Mauritania for a $163-million three-year programme of reforms under an Extended Credit Facility.