Kinross releases 2024 Sustainability Report
By GlobeNewswire Published on May 28, 2025, 02:00 IST
All dollar amounts are expressed in U.S. dollars, unless otherwise noted.
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX: K; NYSE: KGC) ('Kinross' or the 'Company') is pleased to announce the publication of its 2024 Sustainability Report (the 'Report'), providing a fulsome summary of the Company's progress over the past year in furthering its Sustainability Strategy.
'Kinross' commitment to Sustainability is deeply rooted in our values and culture, and we remain steadfast in our commitment to responsible mining,' said J. Paul Rollinson, CEO. 'We prioritize health and safety and environmental stewardship, as well as providing sustainable benefits to the communities where we operate. Partnerships are core to our operating philosophy and we strive to be a trusted partner that delivers impactful community investments. I am proud of our new global approach to Health and Safety – Safeground – developed over the past three years in collaboration with our workforce. The projects and performance detailed in our Report highlight the importance of Sustainability in driving overall Company results and value for shareholders.'
Now in its 17th year, Kinross' Sustainability Report, available at www.kinross.com/2024-Sustainability-Report, provides a comprehensive update to the Company's stakeholders on the progress made in 2024, and what the Company aims to achieve in 2025 and beyond. Our values are the foundation of Kinross' Sustainability Strategy, which is driven by three pillars: Workforce and Community, Natural Capital, and Climate and Energy. The Report details the Company's uncompromising approach to responsible mining that underpins its operational success.
Kinross obtained limited, independent assurance of 49 Sustainability performance metrics reported for the fiscal year 2024, underscoring the rigor of Kinross' data collection and, following the Company's normal practice, has provided Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) indices. The 2024 Sustainability Report also reflects key elements of the International Sustainability Standards Board's (ISSB) reporting standards and begins the Company's transition to alignment with the European Union's Corporate Sustainability Reporting Directive (CSRD), including a European Sustainability Reporting Standards (ESRS) index.
Kinross' leading performance continued to be externally recognized with high rankings and ratings in the mining and metals sector. This included recognition in the S&P 2025 Global Sustainability Yearbook for the 12th time since 2012, scoring in the 94% percentile in the Moody's ranking, and tied as the highest ranked Canadian miner in The Globe and Mail's annual governance review. The Company's Sustainability Performance was also recognized by the Canadian Council of Americas, with an award for Business Achievement in Sustainability.
Highlights from the 2024 Sustainability Report include:
Workforce and Community Maintained low injury frequency rate in line with the five-year average and increased proactive field engagements. Since 2023, more than 12,000 employees and business partners have completed the Safety Excellence Program.
Generated $4.0 billion in economic benefits to host countries through payments to government (US$416.0 million), wages ($680.7 million), procurement ($2.9 billion), and community support ($13.0 million). Since 2010, Kinross has contributed $54 billion to the economies of Kinross' host countries.
Sustained high levels of local employment with 99% of the Company's workforce and approximately 93% of management from within host countries, the latter increasing by 1% compared with 2023, building on the 5% increase the year prior.
Advanced gender diversity, with 22% female representation in senior management positions across Kinross' workforce and 25% of Senior Leadership Team positions.
Completed over 58,000 engagements with stakeholders, including local communities, indigenous peoples, host governments, investors, and others.
Maintained conformance for the fourth consecutive year with the Responsible Gold Mining Principles (RGMP), established by the World Gold Council.
In Mauritania, created the Tasiast Fund that is intended to provide long-term social investment commitments to the country. Extensive consultations with authorities and communities identified the first wave of projects, which began in early 2025.
In Brazil, worked with the World Gold Council to publish a video demonstrating the positive impact of community partnerships to support programs and projects that enhance the well-being of local people, with a particular focus on sustainability after mine closure.
Natural Capital Maintained best-in-class tailings management standards and a 32-year record of zero tailings breaches.
Efficient use of water with 75% of water recycled at operating mine sites.
Paracatu launched a recycling awareness program focused on reducing and replacing single-use plastics used by employees and contractors, leading to a 10% reduction in their use.
Tasiast progressed its waste management strategy, building upon the successful launch of a solid waste management strategy in 2023. In 2024, Tasiast achieved two agreements with local recyclers for plastic and steel, recycled offsite more than 19 million plastic bottles, and continued to advance discussions for additional recycling initiatives.
Reclaimed 95 hectares of land at operating mine sites during 2024. Bald Mountain received an award for Leadership in Concurrent Reclamation from the Nevada Mining Association, its second award for concurrent reclamation since 2022.
Climate and Energy On track to achieve goal of 30% reduction of Scope 1 and Scope 2 greenhouse gas emissions intensity (on a per gold equivalent ounce basis) over the 2021 baseline by 2030.
Implemented 19 energy efficiency projects in 2024, with combined GHG savings of more than 45,000 tonnes CO2e, 15 million litres of fuel, and 15,025 MWh of energy, representing approximately 3% of total GHG emissions. Key projects included haul route optimization, switching from diesel to electric generators, and incorporating electric buses.
In 2024, the Tasiast solar power plant generated 50,615 MWh of clean, renewable energy, representing 17% of total electrical power generated at the site.
Percentage of renewable energy increased slightly to 24% of total energy consumed in 2024 with 67% of electricity generated coming from renewable sources, representing the highest percentage in the past five years. At Paracatu and La Coipa, electricity generated from renewable sources was 96% and 100% respectively.
About Kinross Gold Corporation
Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
Media Contact Samantha Sheffield
Director, Corporate Communications phone: 416-365-3034
[email protected]
Investor Relations ContactDavid Shaver
Senior Vice-President, Investor Relations & Communications phone: 416-365-2854
[email protected]
Sustainability ContactBen Little
Senior Vice-President, External Affairs
phone: 416-365-2770
[email protected]
Source: Kinross Gold Corp.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Forward Air stock surges on report PE firms express acquisition interest
-- Forward Air Corporation (NASDAQ:FWRD) stock surged 15% in mid-day trading Monday after Reuters reported after the close Friday that private equity firms including Blackstone Inc (NYSE:BX) and Apollo Global Management (NYSE:APO) have expressed interest in acquiring the U.S. trucking company. According to sources familiar with the matter, these firms, along with Platinum Equity and Clearlake Capital, have signed confidentiality agreements allowing them to review company documents and information to shape potential bids. Initial takeover offers are expected during the first week of July. Forward Air, which specializes in less-than-truckload shipping services, confirmed earlier this week that it remains committed to its strategic alternatives review announced in January, which could potentially include a sale of the company. The company declined to comment on the specific interest from private equity firms, as did Blackstone and Apollo. Platinum and Clearlake were not immediately available for comment when contacted about their potential interest. Forward Air's strategic review comes as the company evaluates options to maximize shareholder value in the competitive logistics and transportation sector. Related articles Forward Air stock surges on report PE firms express acquisition interest Analysts start with bullish ratings on Hinge Health on growth potential UBS starts coverage on packaged food stocks with cautious tone, Sell on Freshpet Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15 minutes ago
- Business Wire
iA Financial Group Announces Offering of $400 million of Institutional Preferred Shares
QUEBEC CITY--(BUSINESS WIRE)--iA Financial Corporation Inc. (TSX: IAG) (the ' Company ') announced today an offering of $400 million of Non-Cumulative 5-Year Rate Reset Class A Preferred Shares Series C (the ' Preferred Shares '). The Preferred Shares will be sold to certain institutional investors on a best-efforts agency basis by a syndicate of agents co-led by RBC Capital Markets, National Bank Financial Markets and TD Securities. The Preferred Shares will be issued at a price of $1,000 per share and will pay fixed dividends at a rate of 6.435% per annum, payable semi-annually, as and when declared by the Board of Directors of the Company, for the initial period ending on, but excluding, June 30, 2030. Thereafter, the dividend rate of the Preferred Shares will reset every five years at a rate per annum equal to the prevailing 5-year Government of Canada Yield, plus 3.40%. The offering is expected to close on or about June 23, 2025. The Company intends to use the net proceeds from the sale of the Preferred Shares for general corporate purposes, which may include investments in subsidiaries and repayment of indebtedness. Subject to the prior approval of the Autorité des marchés financiers, the Company may redeem the Preferred Shares, in whole or in part, on June 30, 2030 and every five years thereafter during the period from May 30 to and including June 30, commencing in 2035, on not less than 10 days' and not more than 60 days' prior notice. The Preferred Shares will be offered in each of the provinces of Canada under a shelf prospectus supplement (the ' Prospectus Supplement ') to the Company's short form base shelf prospectus dated April 25, 2024 (the ' Shelf Prospectus '). Access to the Prospectus Supplement, the Shelf Prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to the documents. The Shelf Prospectus is, and the Prospectus Supplement will be (within two business days), accessible on SEDAR+ at An electronic or paper copy of the Prospectus Supplement, the Shelf Prospectus and any amendment to the documents may be obtained, without charge, from RBC Dominion Securities Inc. by contacting torontosyndicate@ National Bank Financial Inc. by contacting syndicate-corp@ or TD Securities Inc. by contacting TDCAN-Syndicate@ by providing the contact with an email address or address, as applicable. Notice This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful. The Preferred Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act ') or the securities laws of any state of the United States of America, and may not be offered, sold or delivered, directly or indirectly, within the United States, its territories, its possessions and other areas subject to its jurisdiction or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act), except in certain transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within the United States. About iA Financial Group iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares). iA Financial Group is a business name and trademark of iA Financial Corporation Inc.
Business Wire
19 minutes ago
- Business Wire
Centuri Announces Pricing of Upsized Secondary Public Offering of Common Stock
PHOENIX--(BUSINESS WIRE)--Centuri Holdings, Inc. (NYSE: CTRI) ('Centuri' or the 'Company') today announced the pricing of an underwritten secondary public offering of 9,750,000 shares of Centuri's common stock by Southwest Gas Holdings, Inc. ('Southwest Gas') as selling stockholder (the 'Offering'). The size of the Offering reflects an increase from the 9,500,000 shares originally proposed to be sold. Southwest Gas has also granted the underwriters a 30-day option to purchase up to an additional 1,462,500 shares of Centuri's common stock. The Offering is expected to close on June 18, 2025, subject to customary closing conditions. Subject to the expiration or early termination of the applicable waiting period relating to certain antitrust filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, Southwest Gas has also entered into an agreement to sell to Icahn Partners and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn (the 'Icahn Investors'), an aggregate of $22 million in shares of Centuri's common stock in a concurrent private placement at a price per share equal to the Offering price per share. The concurrent private placement is also subject to the satisfaction or waiver of customary closing conditions, including the completion of the Offering, and if the closing of the concurrent private placement has not occurred by July 9, 2025, the concurrent private placement will terminate without the sale of any shares to the Icahn Investors. The sale of these shares, if effected, will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'). The closing of the Offering is not conditioned upon the closing of the concurrent private placement. Centuri is not selling any shares of common stock in the Offering or the concurrent private placement and will not receive any proceeds from the sale of the shares being offered by Southwest Gas. J.P. Morgan and Wells Fargo Securities are acting as joint lead book-running managers for the Offering. BofA Securities, KeyBanc Capital Markets, Mizuho Securities, Moelis & Company, TD Securities, and UBS Investment Bank are acting as book-running managers for the Offering. BTIG, MUFG, Siebert Williams Shank, and Academy Securities are acting as co-managers for the Offering. A registration statement on Form S-3 relating to the securities being sold in the Offering has been filed with and declared effective by the U.S. Securities and Exchange Commission (the 'SEC') and is available on the SEC's website at The Offering will be made only by means of a prospectus supplement and accompanying prospectus that forms a part of the registration statement, copies of which may be obtained, when available, by request from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@ and postsalemanualrequests@ or Wells Fargo Securities, LLC, Attention: Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@ This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. About Centuri Centuri Holdings, Inc. is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as 'will,' 'predict,' 'continue,' 'forecast,' 'expect,' 'believe,' 'anticipate,' 'outlook,' 'could,' 'target,' 'project,' 'intend,' 'plan,' 'seek,' 'estimate,' 'should,' 'may' and 'assume,' as well as variations of such words and similar expressions referring to the future. The specific forward-looking statements made herein include (without limitation) statements regarding expectations with respect to the closing of the Offering and the concurrent private placement and whether the underwriters will exercise their option to purchase additional shares. A number of important factors affecting the business and financial results of Centuri could cause actual results to differ materially from those stated in any forward-looking statements. These factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri's periodic reports filed from time to time with the SEC, as well as the prospectus supplement relating to the Offering filed with the SEC. The statements in this press release are made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise. Centuri does not assume any obligation to update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
