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)
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...
Steve Barton, mine site.

Steve Barton: Gold, Silver, Copper, Uranium — What I'm Buying Now

Steve Barton, host of In It To Win It, shares support and resistance levels for gold and silver prices, also explaining his current stock strategy. "I really like the risk/reward right now on gold," he said during the interview. "I think it's probably one of the best bets we have at this... Keep Reading...
Yvonne Blaszczyk, gold bars and chess piece.

Yvonne Blaszczyk: Gold to US$6,000 by Year End, Silver to US$100

Yvonne Blaszczyk, president and CEO of BMG Group, shares her thoughts on the recent gold price pullback, saying it's normal to see fluctuations. "I do still believe ... that gold is going to be reaching US$6,000 an ounce by the end of the year, and maybe even more," she said during the... Keep Reading...
Canadian Maple Leaf gold coin floating over stacked gold bars with glowing red lights.

Top 5 Junior Gold Mining Stocks on the TSXV in 2026

Junior gold stocks are seeing heightened interest in 2026 despite volatility in the gold price, which reached a new record high of nearly US$5,600 per ounce during the first quarter.The gold price may have fallen to the US$4,000 level in the second quarter, but plenty of upside potential remains... Keep Reading...
Peruvian Metals Production Update for the First Half of 2026 at Aguila Norte Processing Plant

Peruvian Metals Production Update for the First Half of 2026 at Aguila Norte Processing Plant

Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update regarding the mineral processing at its 80-per-cent-owned fully permitted Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern... Keep Reading...
Pile of gold bars over black background.

5 Best-performing Gold Stocks on the TSX in 2026

The gold price hit record highs in January 2026, and still up more than 25 percent from this time last year.Gold's growth may have been stalled by a variety of factors, including widespread economic and geopolitical uncertainty as the US and Israel clash with Iran and the US Federal Reserve... Keep Reading...

Interactive Chart

Latest Press Releases

Related News