Latest news with #KinrossGoldCorporation
Hamilton Spectator
27-05-2025
- Business
- Hamilton Spectator
Kinross releases 2024 Sustainability Report
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 , 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 Natural Capital Climate and Energy 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 Investor Relations Contact David Shaver Senior Vice-President, Investor Relations & Communications phone: 416-365-2854 InvestorRelations@ Sustainability Contact Ben Little Senior Vice-President, External Affairs phone: 416-365-2770 Source: Kinross Gold Corp.
Yahoo
27-05-2025
- Business
- Yahoo
Kinross releases 2024 Sustainability Report
Delivers strong Sustainability performance, including a $4 billion total benefit footprint through taxes, wages, procurement and community investment 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 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 SheffieldDirector, Corporate Communicationsphone: Investor Relations ContactDavid Shaver Senior Vice-President, Investor Relations & Communications phone: 416-365-2854 InvestorRelations@ Sustainability ContactBen Little Senior Vice-President, External Affairsphone: 416-365-2770 Source: Kinross Gold Corp.
Yahoo
12-05-2025
- Business
- Yahoo
Kinross Gold Corporation (KGC): Among the Best Gold Stocks to Invest In According to Billionaires
We recently compiled a list of the . In this article, we are going to take a look at where Kinross Gold Corporation (NYSE:KGC) stands against the other gold stocks. Within the global metals industry, the gold sector is essential because it offers long-term investors a profitable opportunity as well as a store of value in times of crisis. Gold continues to be one of the most sought-after precious metals in the world due to its historical use as a haven during times of inflation and geopolitical unrest, as well as its growing use in cutting-edge technologies. According to Reuters, gold prices have risen to all-time highs as of March 2025, with spot prices hitting $2,936.38 per ounce and U.S. gold futures topping $2,956.10. Record central bank purchases, growing fears about inflation, and changing global monetary policies have all contributed to the surge, which has made gold a key asset class in an uncertain environment. Demand for gold as a safe haven has increased as a result of increased investor uncertainty brought on by the ongoing trade war between the United States and China, which has resulted in supply chain disruptions and retaliatory tariffs. Gold produced a 43.83% return in 2024, significantly above the 20.89% gain of the whole market. Supported by over-the-counter investments and strategic central bank hoarding, especially in emerging nations like China and India, the total demand for gold hit a record high of 4,974 metric tons. For the third year in a row, central bank purchases topped 1,000 metric tons, according to the World Gold Council. Gold's appeal is strengthened by this accumulation, which is a part of a larger trend of diversification away from the U.S. currency. The premium that investors are willing to pay in the current inflationary environment is reflected in the 9% increase in overall expenditure on gold jewelry, despite an 11% drop in demand for jewelry due to high costs. Strong demand for investments further supports the market's momentum. Demand for actual bars and coins remained stable at 1,186 metric tons, while ETFs saw no significant withdrawals for the first time since 2020. Due to gold's use in semiconductor and artificial intelligence applications, technology use also increased by 7%. As gold moved from Asian markets like Dubai and Hong Kong to the U.S. due to favorable futures premiums and expected import duties, arbitrage opportunities drove an 80% increase in U.S. Comex inventories since late 2024. Additionally, billionaire investors have increased their attention to the metals industry. According to the 2024 UBS Billionaire Ambitions Report, 40% of affluent investors intend to expand their holdings of gold and other precious metals in the upcoming year. Warren Buffett's conglomerate has chosen mining stocks over actual gold, and Jeff Bezos and Bill Gates have invested $537 million in Africa's rare metals sector. This is part of a larger strategy move toward assets linked to technology and sustainable energy. The fact that eight of the top 100 billionaires in Forbes have made their riches in mining and metals highlights the industry's ongoing profitability. To create our list of the 12 Best Gold Stocks to Invest In According to Billionaires, we examined Insider Monkey's exclusive database of billionaire stock holdings. Based on the largest number of billionaire investors, as of Q4 2024, we have chosen the 12 best gold stocks. We have included the total value of billionaire holdings as a secondary criterion to rank the stocks that have the same number of billionaire holdings. We have also considered the number of hedge funds holding a stake in the respective stocks, as per Insider Monkey's database of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Aerial shot of a mine entrance, the bedrock of the company's gold and silver of Hedge Fund Holders: 42 The acquisition, exploration, and development of gold properties in the United States, Brazil, Chile, Canada, and Mauritania define Kinross Gold Corporation's (NYSE:KGC) operations. In addition, the company manufactures silver and works on gold mining property reclamation. The $598.4 million that billionaires own in Kinross Gold shows how confident investors are in the company's sound foundation and future expansion, helping it rank among the best gold stocks. According to its yearly projection, Kinross Gold Corporation (NYSE:KGC) produced 512,000 gold equivalent ounces in Q1 2025 at a cost of sales of $10.38 per ounce. Strong free cash flow of $371 million and a decrease in net debt to $540 million were the results of this success. The company was able to achieve strong margins across its portfolio because of the favorable gold pricing environment. Kinross is still in a great financial position with a healthy cash position and $2.3 billion in total liquidity. The business plans to produce 2 million ounces over the course of the year, with an all-in sustaining cost of $15 per ounce and a cost of sales projection of $11.20 per ounce. Adjusted operating cash flow of $676 million, attributable free cash flow of $371 million, and a cash position of $695 million are the financial highlights for the first quarter of 2025. A $500 million share repurchase program is also planned by Kinross Gold Corporation (NYSE:KGC), demonstrating its confidence in its financial stability. Risks include operational disruptions, shifting gold prices, and exploration difficulties, especially in new project locations, even in a good market scenario. With a particular focus on brownfield projects, Kinross Gold Corporation (NYSE:KGC) is nevertheless committed to exploration at important locations including Tasiast and Paracatu. While acknowledging Kinross's emphasis on producing net cash by the end of the year, CEO Paul Rollinson voiced confidence in the company's production profile and cash flow generation. Overall KGC ranks 3rd on our list of the best gold stocks to invest in according to billionaires. While we acknowledge the potential of KGC as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than KGC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
12-05-2025
- Business
- Yahoo
Kinross Gold Corporation (KGC): Among the Best Gold Stocks to Invest In According to Billionaires
We recently compiled a list of the . In this article, we are going to take a look at where Kinross Gold Corporation (NYSE:KGC) stands against the other gold stocks. Within the global metals industry, the gold sector is essential because it offers long-term investors a profitable opportunity as well as a store of value in times of crisis. Gold continues to be one of the most sought-after precious metals in the world due to its historical use as a haven during times of inflation and geopolitical unrest, as well as its growing use in cutting-edge technologies. According to Reuters, gold prices have risen to all-time highs as of March 2025, with spot prices hitting $2,936.38 per ounce and U.S. gold futures topping $2,956.10. Record central bank purchases, growing fears about inflation, and changing global monetary policies have all contributed to the surge, which has made gold a key asset class in an uncertain environment. Demand for gold as a safe haven has increased as a result of increased investor uncertainty brought on by the ongoing trade war between the United States and China, which has resulted in supply chain disruptions and retaliatory tariffs. Gold produced a 43.83% return in 2024, significantly above the 20.89% gain of the whole market. Supported by over-the-counter investments and strategic central bank hoarding, especially in emerging nations like China and India, the total demand for gold hit a record high of 4,974 metric tons. For the third year in a row, central bank purchases topped 1,000 metric tons, according to the World Gold Council. Gold's appeal is strengthened by this accumulation, which is a part of a larger trend of diversification away from the U.S. currency. The premium that investors are willing to pay in the current inflationary environment is reflected in the 9% increase in overall expenditure on gold jewelry, despite an 11% drop in demand for jewelry due to high costs. Strong demand for investments further supports the market's momentum. Demand for actual bars and coins remained stable at 1,186 metric tons, while ETFs saw no significant withdrawals for the first time since 2020. Due to gold's use in semiconductor and artificial intelligence applications, technology use also increased by 7%. As gold moved from Asian markets like Dubai and Hong Kong to the U.S. due to favorable futures premiums and expected import duties, arbitrage opportunities drove an 80% increase in U.S. Comex inventories since late 2024. Additionally, billionaire investors have increased their attention to the metals industry. According to the 2024 UBS Billionaire Ambitions Report, 40% of affluent investors intend to expand their holdings of gold and other precious metals in the upcoming year. Warren Buffett's conglomerate has chosen mining stocks over actual gold, and Jeff Bezos and Bill Gates have invested $537 million in Africa's rare metals sector. This is part of a larger strategy move toward assets linked to technology and sustainable energy. The fact that eight of the top 100 billionaires in Forbes have made their riches in mining and metals highlights the industry's ongoing profitability. To create our list of the 12 Best Gold Stocks to Invest In According to Billionaires, we examined Insider Monkey's exclusive database of billionaire stock holdings. Based on the largest number of billionaire investors, as of Q4 2024, we have chosen the 12 best gold stocks. We have included the total value of billionaire holdings as a secondary criterion to rank the stocks that have the same number of billionaire holdings. We have also considered the number of hedge funds holding a stake in the respective stocks, as per Insider Monkey's database of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Aerial shot of a mine entrance, the bedrock of the company's gold and silver of Hedge Fund Holders: 42 The acquisition, exploration, and development of gold properties in the United States, Brazil, Chile, Canada, and Mauritania define Kinross Gold Corporation's (NYSE:KGC) operations. In addition, the company manufactures silver and works on gold mining property reclamation. The $598.4 million that billionaires own in Kinross Gold shows how confident investors are in the company's sound foundation and future expansion, helping it rank among the best gold stocks. According to its yearly projection, Kinross Gold Corporation (NYSE:KGC) produced 512,000 gold equivalent ounces in Q1 2025 at a cost of sales of $10.38 per ounce. Strong free cash flow of $371 million and a decrease in net debt to $540 million were the results of this success. The company was able to achieve strong margins across its portfolio because of the favorable gold pricing environment. Kinross is still in a great financial position with a healthy cash position and $2.3 billion in total liquidity. The business plans to produce 2 million ounces over the course of the year, with an all-in sustaining cost of $15 per ounce and a cost of sales projection of $11.20 per ounce. Adjusted operating cash flow of $676 million, attributable free cash flow of $371 million, and a cash position of $695 million are the financial highlights for the first quarter of 2025. A $500 million share repurchase program is also planned by Kinross Gold Corporation (NYSE:KGC), demonstrating its confidence in its financial stability. Risks include operational disruptions, shifting gold prices, and exploration difficulties, especially in new project locations, even in a good market scenario. With a particular focus on brownfield projects, Kinross Gold Corporation (NYSE:KGC) is nevertheless committed to exploration at important locations including Tasiast and Paracatu. While acknowledging Kinross's emphasis on producing net cash by the end of the year, CEO Paul Rollinson voiced confidence in the company's production profile and cash flow generation. Overall KGC ranks 3rd on our list of the best gold stocks to invest in according to billionaires. While we acknowledge the potential of KGC as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than KGC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Hamilton Spectator
06-05-2025
- Business
- Hamilton Spectator
Kinross declares quarterly dividend
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX: K; NYSE: KGC) (the 'Company') today announced that the Company's Board of Directors has declared a dividend of US$0.03 per common share for the first quarter of 2025. The dividend is payable on June 12, 2025, to shareholders of record as of the close of business on May 29, 2025. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes. 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 Victoria Barrington Senior Director, Corporate Communications phone: 647-788-4153 Investor Relations Contact David Shaver Senior Vice-President, Investor Relations & Communications phone: 416-365-2854 investorrelations@ Source: Kinross Gold Corporation
