Kinross to suspend Russian operations

Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" and the "Company") is deeply concerned about the loss of life and destruction in Ukraine and wishes to express its sympathy and support for the people who are suffering because of this tragic situation.

The Company today is announcing a donation of $1,000,000 to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal to assist those people most in need. Kinross is hopeful for a peaceful and diplomatic solution in Ukraine.

The Company is suspending all activities at its Udinsk development project. The Company is also in the process of suspending operations at its Kupol mine, with the focus on the safety and well-being of its more than 2,000 employees and in recognition of its obligations to manage and mitigate the mine's environmental impact on an ongoing basis.

The Company intends to adhere to all sanctions and legal restrictions that have, or will be, announced by relevant governments.

About Kinross Gold Corporation

Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile, Ghana and Canada. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact
Louie Diaz
Vice-President, Corporate Communications
phone: 416-369-6469
louie.diaz@kinross.com

Investor Relations Contact
Chris Lichtenheldt
Vice-President, Investor Relations
phone: 416-365-2761
chris.lichtenheldt@kinross.com

Source: Kinross Gold Corporation


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

K:CA,KGC
The Conversation (0)
The super pit, or Fimiston open pit.

Hidden Gem: How Intrusion-related Gold Deposits Could Fuel Next-generation Discoveries

With the gold price continuing to hover near all-time highs and major producers scouring the globe for new large-scale deposits, one type of gold system is emerging as a potential game changer. Intrusion-related gold systems (IRGS) have already yielded multimillion-ounce mines, like Kinross... Keep Reading...
Sandymount, Otago Peninsula, Dunedin, South Island, New Zealand.

Finding Gold: Exploring New Zealand’s Next Big Discovery

Despite its rich mining legacy, New Zealand remains one of the most underexplored frontiers for gold in the developed world. Now, with advanced exploration tools and a new generation of explorers, the country is emerging as a hotbed of untapped investment opportunity.Modern exploration... Keep Reading...
Centurion Minerals (TSXV:CTN)

Centurion Minerals: Abitibi's Gold Gem

Centurion Minerals (TSXV:CTN) is a Canadian gold exploration company focused on the world-class Abitibi greenstone belt. The company offers investors an early-stage entry point into a strategically located gold exploration company positioned within one of North America’s most prolific and active... Keep Reading...

Interactive Chart

Latest Press Releases

Related News