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)
Rich Checkan, gold bars.

Rich Checkan: Gold Cheap, Silver Cheaper — Now is The Time to Buy

Rich Checkan, president and COO of Asset Strategies International, shares his outlook for gold and silver, saying the metals are currently at sale prices. Both could still go lower, but he encouraged investors to act sooner than later."Take a little of your cash, deploy it now — lock in that... Keep Reading...
Brien Lundin, gold bars.

Brien Lundin: Gold's "Unique" Bull Market — Major vs. Junior Stocks

Brien Lundin, editor of Gold Newsletter, shares his thoughts on the pullback in gold and silver prices, saying that finding a bottom will take time. If seasonality is in effect this year, he sees that process happening in mid-July to mid-August. "That's really our last chance — our best chance —... Keep Reading...
Precipitate Gold Strengthens Board with Appointment of Dominican Business Leader Pelayo Troncoso and Mining Finance Executive John Wenger

Precipitate Gold Strengthens Board with Appointment of Dominican Business Leader Pelayo Troncoso and Mining Finance Executive John Wenger

Precipitate Gold Corp. (TSXV: PRG,OTC:PREIF) (OTCQB: PREIF) (the "Company" or "Precipitate") is pleased to announce the appointments of Mr. Pelayo Troncoso and Mr. John Wenger, CPA, to the Company's Board of Directors, effective immediately.Mr. Troncoso is a Dominican Republic national and an... Keep Reading...
A polygonal gold bull statue stands on a pile of gold bars against a dark background.

Experts: Gold Pullback Strengthens Bull Market Case

Gold's retreat from recent record highs has done little to dampen long-term optimism among market participants, with speakers on the Precious Metals panel at the Rick Rule Symposium arguing that the current correction is a normal feature of a healthy bull market rather than the beginning of a... Keep Reading...
Adrian Day, gold bars.

Adrian Day: Gold's Top Driver Now, Plus Bullish Stock Setup

Adrian Day, president of Adrian Day Asset Management, breaks down gold's key price headwinds and what could spark a turnaround. "The most important thing is the war. When that ends, one way or the other, the oil price retreats, CPI expectations come down, the dollar comes down and then it's... Keep Reading...

Interactive Chart

Latest Press Releases

Related News