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)
Wooden blocks showing a picture of gold bars and the year 2026.

Experts: Gold's Fundamentals Intact, Price Could Hit US$7,000 in 2026

Gold took center stage at this year's Vancouver Resource Investment Conference (VRIC), coming to the fore in a slew of discussions as the price surged past US$5,000 per ounce. Held from January 25 to 26, the conference brought together diverse experts, with a focus point being the "Gold... Keep Reading...
Person pointing at "IPO" text on a chart with fluctuating lines.

Barrick Advances North American Gold Spinoff After Record 2025 Results

Barrick Mining (TSX:ABX,NYSE:B) said it will move ahead with plans to spin off its North American gold assets after a strong finish to 2025.The Toronto-based miner said its board has authorized preparations for an IPO of a new entity that would house its premier North American gold operations,... Keep Reading...
Peruvian Metals Secures 6 Year Agreement with Community at Mercedes Project

Peruvian Metals Secures 6 Year Agreement with Community at Mercedes Project

Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals or the "Company") is pleased to announce that the agreement between San Maurizo Mines Ltd. ("San Maurizo"), a private Manitoba company which holds a 100% direct interest in the Mercedes Property, and Comunidades... Keep Reading...
TomaGold Borehole EM Survey Confirms Berrigan Deep Zone

TomaGold Borehole EM Survey Confirms Berrigan Deep Zone

Survey also validates significant mineralization and unlocks new targets Highlights Direct correlation with mineralization : The modeled geophysical plates explain the presence of semi-massive to massive sulfides intersected in holes TOM-25-009 to TOM-25-015. Priority target BER-14C :... Keep Reading...
High-Grade Extensions at BD Deposits for Resource Growth

High-Grade Extensions at BD Deposits for Resource Growth

Aurum Resources (AUE:AU) has announced High-Grade Extensions at BD Deposits for Resource GrowthDownload the PDF here. Keep Reading...
Silver bars and coins stacked with gold coins on a reflective surface.

Precious Metals Price Update: Gold, Silver, PGMs Stage Recovery After Crash

It's been a wild week of ups and downs for precious metals prices.Gold, silver and platinum have already recorded new all-time highs in 2026. But this week, the rally reversed course — only briefly, but in a big way, as is the case with such highly volatile markets.Let’s take a look at what got... Keep Reading...

Interactive Chart

Latest Press Releases

Related News