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)
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...
Nick Hodge, gold bars.

Nick Hodge: Gold's Next Leg Higher, Copper "Wild Card" to Watch

Nick Hodge, publisher at BizarroWorld.com, explains where gold and silver are in the cycle right now, and what could kick off their next leg up. "I think that Kevin Warsh will start to soften his stance," he said."I think you'll see the Fed doing nothing, or in fact cutting, getting more priced... Keep Reading...
Triple One Metals Identifies Drill Targets in Emerging Newfoundland Copper-Gold Belt

Triple One Metals Identifies Drill Targets in Emerging Newfoundland Copper-Gold Belt

Triple One Produces a Map of the Gold and Multiple Metal Zones at Caledonia Brook

Triple One Metals Inc. (“Triple One” or the “Company”) (CSE: TONE) is pleased to announce that it has commenced an expanded technical review and target-ranking program for its 100%-owned Caledonia Brook gold and copper-gold property in central Newfoundland.The program is designed to move... Keep Reading...
Gold bars on a hundred-dollar bill with a fluctuating stock chart background.

WGC: Global Gold ETF Flows Remain Positive in H1 2026

Gold exchange-traded fund (ETF) outflows totaled US$8.9 billion in June, according to the World Gold Council’s (WGC) Gold ETF Flows report. However, global gold ETF flows for H1 2026 remained in the green at US$8 billion despite the unprecedented volatility experienced by the gold market during... Keep Reading...
Lobo Tiggre, gold bars.

Lobo Tiggre: My Oil Stock Buy, Plus Bullish Gold, Silver Scenario

Lobo Tiggre of IndependentSpeculator.com shares why he bought one oil stock after months of waiting, but left the rest of his shopping list untouched. "There was one stock that dropped more than others, or more sharply, more unreasonably, and got to what I saw as an oversold condition, and so I... Keep Reading...

Interactive Chart

Latest Press Releases

Related News