Mayor Jos Mitchell said the success of Council’s submission for project funding under the Federal Government’s Housing Support Program was a massive win for the city. “Council has advocated for many years for federal support for the Kinross Road Estate project, and the announcement of $35.5 million is a wonderful result,” the Mayor said. “Of the 10 Queensland projects to benefit from the $101.8 million in funding announced this week, this is the largest individual funding amount, by far.” The project will see the construction of a 1.2 km entrance road to the estate, including road widening, three roundabouts, footpaths, stormwater drainage, street lighting, sewer main installation, and utility relocations. It also includes traffic signal upgrades and landscaping to support the area’s development and enhance traffic management. The Mayor said approximately 500 new homes were expected to be delivered in the next stage of the estate. “Our city’s population is forecast to grow from approximately 166,800 now to about 212,000 in 2046, according to the Queensland Government’s ShapingSEQ 2023 vision document, with the number of dwellings on Redlands Coast forecast to grow from 65,000 in 2021 to 85,000 by 2046,” she said. “Kinross Road Estate is an important component of that growth and the entrance road upgrade will deliver significant benefits to the community and future residents.” In a media statement, the Federal Government said the Housing Support Program aimed to fast-track housing in regional and metropolitan growth areas by enabling infrastructure works that will support access to social housing and increase housing supply. Federal Minister for Employment and Workplace Relations, Senator Murray Watt met with Mayor Jos Mitchell at the Kinross Estate in Thornlands on the weekend to discuss the funding and see where the funding would open up more housing opportunities for the city. Division 7 Councillor Rowanne McKenzie said the Kinross Road work would ensure smooth and efficient access to the estate and facilitate the integration of new housing into the area. Redland City Council acknowledges the Quandamooka People, the Traditional Owners of the land, waters, winds and seas of Redlands Coast. We acknowledge the Elders, past and present, and extend that respect to other Aboriginal and Torres Strait Islander people here. Please enter your username or email address to reset your password. It looks like nothing was found at this location Already have an account? Sign in here Looking for the industry's top publication for ASX-listed mining activities and market trends? 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Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902 alterations to the 1930 extension of the Wolaroi building to provide a larger dining hall on the ground floor would take place These works would include the demolition of some internal walls and the removal of a steel bridge leading to the former stables building An artist's representation of what the Wolaroi mansion and tower building will look like after construction Picture by McIldowie PartnersTo the east of the extension three trees will be removed to allow for the installation of a lift A new ramp and walkway along the original veranda would also be constructed all student accommodation would be done away with to make way for new learning spaces all dormitory and accommodation elements will be removed from the first floor," the DA read Proposed fit-out and furniture arrangement for learning studios (former dormitories) Picture McIldowie Partners"The new spaces created as a result of internal demolition will become learning studios and breakout areas with new support facilities including bathrooms bedrooms and laundry/sorting room in the original section of the first floor will be reassigned as offices and a meeting room." All student accommodation in the building would then be transferred to the extension of new Wolaroi House which is currently under construction at the Icely Road side of campus Proposed interior design for breakout areas Picture McIldowie PartnersIt has also been proposed to undertake conservation works to the balcony of the original villa to "rectify damage and to allow its safe use" "The project continues the school's ongoing program to upgrade its facilities and improve its overall function to offer high quality education," the DA added There won't be any changes to the school's enrolment capacity as a result of the works The DA is on public exhibition and comments can be made via the council website I am a senior journalist for ACM in the Central West. I cover council, human interest, and crime. Email me at riley.krause@austcommunitymedia.com.au Newsletters & AlertsView allDaily Today's top stories curated by our news team. Also includes evening update. Grab a quick bite of today's latest news from around the region and the nation. Catch up on the news of the day and unwind with great reading for your evening. Get the editor's insights: what's happening & why it matters. Going out or staying in? Find out what's on. Love footy? We've got all the action covered. The latest news, results & expert analysis. Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. Your digital replica of Today's Paper. Ready to read from 5am! 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Picture by Mark JesserThurgoona's only pub will be almost unrecognisable to many when it reopens this weekend All articles from our website & appThe digital version of Today's PaperBreaking news alerts direct to your inboxInteractive Crosswords, Sudoku and TriviaAll articles from the other regional websites in your areaContinueThe Kinross Woolshed will welcome patrons back on Saturday after a six-month closure to complete a major refurbishment with its tin roof and exposed timber beams the venue has been refreshed with several modern features A 180-seat carpeted dining room and 130-seat function room are in the centre of the building The entrance closest to Table Top Road features a beer garden and fireplace sits behind the gaming room and will be opened by mid-February Co-owner Peter Griffiths, who purchased the Thurgoona premises on Table Top Road with his wife Adrienne in 2022 has been thrilled to see the transformation come together The pair also own Albury's Astor Hotel, which underwent a facelift in 2020. "Exposed timber and tin roofing is still visible throughout and we've softened the main dining room with fantastic carpet "The front of the venue is targeted more at traditional pubgoers while the bistro and family function areas are at the other end Kinross Woolshed's colourful new dining area can seat 180 patrons Picture by Mark Jesser"Patrons can come out of the bistro and see one of the new bars and have the option to sit up there for a drink "All of the amenities and infrastructure are new." An eye-catching element in the two dining areas is the purpose-made light coverings designed from pennants and ribbons one would receive at country shows The original wool press has remained alongside another fireplace in the function room Mr Griffiths said the Kinross Woolshed menu would feature traditional pub fare but it would be set apart by its selection of smoked meats Kinross Woolshed head chef Kevin Pisani will draw on his experience with smoked meats with a diverse menu to be offered at the revamped Thurgoona pub Picture by Mark JesserHead chef Kevin Pisani who has moved to the Border from Melbourne Kinross Woolshed will employ more than 70 staff in total you need an engine room that can service it," Mr Griffiths said "We've recruited a great chef in Kevin Pisani from Melbourne "He comes from some very high-volume pubs and restaurants in Melbourne One of the new outdoor bar areas at Kinross Woolshed Picture by Mark Jesser"One of his passions is smoked meats and he has also had a few years as a pitmaster at a smokehouse in Melbourne." A large three-door smoker will be used to slow-cook meats while a separate charcoal oven will service a second kitchen attached to the outdoor deck We've also got a big soft serve machine to do ice cream for the kids," he said A six-lane bowling alley is under construction at the Kinross Woolshed and is set to be open by the end of February 2025 Picture by Mark JesserA six-lane bowling alley will be operational in a new building on the edge of the car park by the end of February It will be the only place to play ten-pin bowling in Albury after the city's lone venue on Olive Street closed in 2014. but I was meeting a pub owner in Melbourne who had put lanes in "It's ideal for corporate events where you can come down and have lunch and a bowl or something to fill in an hour or two when you have something to eat but our view is the bowling will remain something casual and fun Thurgoona's Kinross Woolshed will reopen on Saturday after a six-month closure to complete a major revamp Picture by Mark Jesser"Our bookings will be set up so everything can be organised online If you wanted to just come in and have a game of bowling with your friends we'll also have digital kiosks where you can place your orders." Work on a new children's playground commences next week but we've added it with a lower level so parents can sit there and overlook the playground," Mr Griffiths said "All the building works will be finished by the end of February while the remainder of the outdoor areas should be finished around spring." Mr Griffiths' son Sean, daughter Sarah Overend, Pat Thomson and Astor Hotel licensee Brendan Cooper will oversee operations at Kinross Woolshed Beau Greenway is a journalist at The Border Mail. He likes to tell great stories of people in our communities. Email: beau.greenway@austcommunitymedia.com.au Today's top stories curated by our news team Grab a quick bite of today's latest news from around the region and the nation Catch up on the news of the day and unwind with great reading for your evening Get the editor's insights: what's happening & why it matters tips & travel writing to transport you around the globe Your weekday morning newsletter on national affairs Your essential national news digest: all the big issues on Wednesday and great reading every Saturday Let the ACM network's editors and journalists bring you news and views from all over reviews and expert insights every Thursday from CarExpert Your digital replica of Today's Paper Test your skills with interactive crosswords Bundaberg Regional Council is stepping up efforts to protect Mary Kinross Park following repeated incidents of vandalism that have led to costly repairs and temporary closures Recent damage at the popular Bargara park included a large quantity of glass bottles being smashed on footpaths contaminating the adjacent playground’s soft-fall material The clean-up required extensive remediation including the removal and replacement of the softfall Council has made several changes at the site including adjusting the lighting schedule at park shelters to turn off at 7.30 pm and carrying out tree pruning to improve visibility and passive surveillance Council has sought the support of local police who will increase patrols in the area to deter anti-social behaviour Natural Resources and Environment portfolio spokesperson Cr Jason Bartels said these measures aimed to ensure Mary Kinross Park remained a safe and enjoyable space for the community “Acts of vandalism like this not only damage public spaces but also impact families who use these facilities,” he said “The closure of the playground was a huge inconvenience for families and the clean-up came at a significant cost “We are committed to ensuring the park remains a welcoming place for everyone and we appreciate the support of local police in keeping it that way.” Residents are encouraged to report any suspicious activity to police to help protect the park and other community spaces and website in this browser for the next time I comment Δdocument.getElementById( "ak_js_1" ).setAttribute( "value"  This work is licensed under a Creative Commons Attribution 4.0 International License <#= ThriveComments.util.render_label('login_submit_comment') #> <#= ThriveComments.util.render_label('commenting_as',ThriveComments.current_user.display_name || ( ThriveComments.social_user && ThriveComments.social_user.name ) ) #> <#= ThriveComments.util.render_label('guest_comment') #> The company beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once. In this timeframe, it delivered an earnings surprise of 23.6%, on average. It posted a negative earnings surprise of 13% in the last reported quarter. KGC is likely to have benefited from higher average realized gold prices in the quarter to be reported. KGC’s shares have rallied 115.6% over the past year compared with the Zacks Mining – Gold industry’s 47.2% rise. Let’s see how things are shaping up for this announcement. Our proven model predicts an earnings beat for Kinross this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earning beat. Earnings ESP: Earnings ESP for KGC is +11.07%. The Zacks Consensus Estimate for the first quarter is currently pegged at 22 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Zacks Rank: KGC currently carries a Zacks Rank #2. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) The Zacks Consensus Estimate for revenues for Kinross for the to-be-reported quarter stands at $1,294.9 million, reflecting a rise of around 19.7% from the year-ago quarter. Kinross has a strong production profile and boasts a promising pipeline of exploration and development projects. Tasiast and Paracatu, the company’s two biggest assets, remain the key contributors to cash flow generation and production. Tasiast, which remains the lowest-cost asset within its portfolio, is likely to have achieved strong performance while Paracatu is expected to continue to have delivered steady production in the first quarter.  KGC, like most miners, is exposed to higher production costs. It saw a 12.5% year-over-year rise in production costs of sales per ounce to $1,098 in the fourth quarter of 2024. The same also rose roughly 8% year over year to $1,020 in 2024. While KGC is taking actions to control costs, the inflationary pressure is likely to have continued in the first quarter, weighing on its overall financial performance. Kinross Gold Corporation Price and EPS Surprise Kinross Gold Corporation price-eps-surprise | Kinross Gold Corporation Quote Basic Materials Stocks That Warrant a Look Here are some companies in the basic materials space you may want to consider as our model shows they too have the right combination of elements to post an earnings beat this quarter: ICL Group Ltd ICL, scheduled to release earnings on May 19, has an Earnings ESP of +12.50% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here. The consensus estimate for ICL’s earnings for the first quarter is currently pegged at 8 cents. IAMGOLD Corporation IAG, slated to release earnings on May 6, has an Earnings ESP of +9.96% and carries a Zacks Rank #3 at present. The consensus mark for IAG’s first-quarter earnings is currently pegged at 10 cents. Nutrien Ltd. NTR, scheduled to release earnings on May 7, has an Earnings ESP of +2.41%. The Zacks Consensus Estimate for NTR's earnings for the first quarter is currently pegged at 33 cents. NTR currently carries a Zacks Rank #3. This article originally published on Zacks Investment Research (zacks.com). Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView Kinross Gold has initiated its 2025 exploration program at Riley Gold's Pipeline West/Clipper Gold Project (PWC) in Nevada's Cortez mining district Kinross can earn up to 75% interest by investing $20 million in the project The project spans 24.7 km² in the Cortez District with Kinross holding a strategic 9.9% equity interest in Riley Gold Kinross Gold ha avviato il programma di esplorazione 2025 presso il Pipeline West/Clipper Gold Project (PWC) di Riley Gold situato nel distretto minerario di Cortez in Nevada Kinross può acquisire fino al 75% di partecipazione investendo 20 milioni di dollari nel progetto Il progetto copre un'area di 24,7 km² nel distretto di Cortez con Kinross che detiene una partecipazione strategica del 9,9% in Riley Gold Kinross Gold ha iniciado su programa de exploración 2025 en el Proyecto Pipeline West/Clipper Gold (PWC) de Riley Gold Kinross puede obtener hasta un 75% de participación invirtiendo 20 millones de dólares en el proyecto El proyecto abarca 24,7 km² en el distrito de Cortez con Kinross poseyendo una participación estratégica del 9,9% en Riley Gold 킨로스 골드는 네바다 코르테즈 광산 지구에 위치한 라일리 골드의 파이프라인 웨스트/클리퍼 골드 프로젝트(PWC)에서 2025년 탐사 프로그램을 시작했습니다 2024년 3월 계약에 따라 킨로스는 프로젝트에 2,000만 달러를 투자하여 최대 75% 지분을 획득할 수 있습니다 Kinross Gold a lancé son programme d'exploration 2025 sur le projet Pipeline West/Clipper Gold (PWC) de Riley Gold Kinross peut acquérir jusqu'à 75 % d'intérêt en investissant 20 millions de dollars dans le projet Le projet couvre 24,7 km² dans le district de Cortez Kinross détenant une participation stratégique de 9,9 % dans Riley Gold Kinross Gold hat sein Explorationsprogramm 2025 am Pipeline West/Clipper Gold Projekt (PWC) von Riley Gold im Bergbaubezirk Cortez Gemäß einer Vereinbarung vom März 2024 kann Kinross durch eine Investition von 20 Millionen US-Dollar bis zu 75 % der Anteile am Projekt erwerben Das Projekt erstreckt sich über 24,7 km² im Cortez-Distrikt wobei Kinross eine strategische Beteiligung von 9,9 % an Riley Gold hält (TSXV: RLYG) (OTCQB: RLYGF) ("Riley Gold" or the "Company") is pleased to announce that the 2025 Exploration Program is well underway at the Company's Pipeline West/Clipper Gold Project ("PWC") located in the Cortez mining district of the Battle Mountain - Eureka Trend a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC) under an exploration earn-in agreement executed in March 2024 whereby Kinross has the right to earn up to 75% of PWC by spending USD$20,000,000 (for full details of the Kinross agreement please see the March 14 Kinross has defined new high-priority framework drill target areas at PWC that have never been drill tested (see Figure 1 below); First set of 2025 framework drill holes are approximately 2.5 kilometers north-northwest of the previous (and first) Kinross drill hole (in late 2024) These holes are targeting the highest grade gold-in-soil anomalies location on the property; and gold-in-soil survey results uploaded in Leapfrog software support the new 2025 drill hole locations; Recent geologic modeling and interpretation by Kinross also provides a supporting structural foundation and information for the 2025 Exploration and Drill Program drill permitting is in process and drilling is expected to begin in approximately 4-6 weeks; Additional soil sampling is planned by Kinross for the 2025 field season to increase surface geochemical coverage adjacent to the 2023 soil survey completed by Riley Gold The previous soil survey returned significant anomalous gold-in-soil values that extended more than 3 kilometres ("km") associated with both Carlin-type and intrusive-related gold deposits were also elevated in the first soil survey; Kinross's first PWC deep framework drill hole (PW1-24) was completed successfully in the Fall of 2024 and was designed to test for favourable lower plate carbonate Carlin-type host rocks and was drilled to 3,597 feet (1,096 m) The drill hole was designed to identify local stratigraphy in a large area within the 25 km² PWC land package with no previous deep drilling PW24-01 successfully intercepted a 1,251 foot (380 m) thick structurally complex section of lower-plate carbonates starting at a depth of 2,346 feet (715 m) including 1,193 feet (364 m) of structurally thickened Devonian Wenban Formation PW24-01 demonstrates that known Cortez District host lithologies exist at explorable drill depths over a contiguously large untested area proximal to the Pipeline complex area "We are happy to start the year aggressively with the 2025 Exploration Program well underway Kinross has been amazing to work with and we have full faith that their strong technical team along with Riley Gold's PWC technical lead Kinross has successfully identified stratigraphy and lithology at explorable depths similar to that of local large gold deposits like the Fourmile discovery and the Cortez Complex owned and operated by Nevada Gold Mines LLC ("NGM")," commented Todd Hilditch 2025 Kinross Drill Planning & Map (Figure 1) A comprehensive geologic model was built for comparison with the many Cortez Districts >5.0-million-ounce gold discoveries The new step-out wide spaced framework drill holes are being spotted approximately 2.5 km (up to 8,200 feet) northwest of the first Kinross drill hole (see Figure 1 below) and will include northwest vectoring to the highest-grade surface geochemical gold anomalies from the soil survey near the intersection of two major structures disseminated gold deposit peripheral to the Gold Acres stock which is the geologic setting for NGM's Pipeline gold deposit To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10015/250049_61043dd9f4faeb3e_002full.jpg Riley Gold entered into an exploration and venture option agreement (the "Agreement") with Kinross on March 13 The Agreement grants Kinross the right to earn up to a 75% interest in Riley Gold's PWC by spending a minimum of US$20 million (see news release dated March 14 Nevada and consists of approximately 24.7 km² in the heart of the significant gold producing Cortez District (Battle Mountain - Eureka Trend) Kinross is funding and operating PWC and has a strategic 9.9% (on a partially diluted basis) equity interest in the Company acquired through a private placement PWC constitutes a very prospective exploration property for Carlin-type disseminated and replacement gold deposits PWC consists of a land package totaling approximately 24.7 km² of unpatented mining claims and patented fee lands adjoining NGM PWC is situated along the Cortez Structural Zone of the exceptionally productive Cortez Trend within the Battle Mountain - Eureka Trend in north central Nevada (Figure 2) The Cortez and Pipeline complexes (adjoining Riley Gold's PWC boundary) are top producers within Nevada a State that consistently produced between 4-5 million ounces of gold a year Figure 2: PWC Location (project boundary approximate) To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10015/250049_61043dd9f4faeb3e_003full.jpg This news release has been reviewed and approved by Richard DeLong Director of Riley Gold and a 'qualified person' Standards of Disclosure for Mineral Projects Riley Gold is an exploration and development company focused in Nevada with assets that include the Pipeline West/Clipper Gold Project located in the Battle Mountain Eureka Trend (within the Cortez District) and the Tokop Gold Project located within the Walker Lane Trend Riley Gold's founders and leadership team have a proven track record of maximizing shareholder value during each phase of the mining life cycle: exploration Todd HilditchChief Executive OfficerTel: (604) 443-3831 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release Cautionary statement regarding forward-looking information readers are advised to rely on their own evaluation of such uncertainties The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250049 Already have an account? Login Mining Journal has been providing investors and mining professionals with daily breaking news covering all aspects of the industry Subscribe today for individual and team access to mining's most respected news title each focused on a key discussion point for the mining sector brought to you by the Mining Journal Intelligence team priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025 A detailed analysis of mining investment risks across 117 jurisdictions globally assessed across six risk categories and an industrywide survey The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies it assesses each company across 9 meticulously weighted indicators within 6 essential pillars Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey Aspermont Media is a company registered in England and Wales The Armidale School has come away with their heads held high following a strong showing in the Douglas Shield Eminent and Kinross will also create a technical advisory committee for the Hot Springs Range and Celts Projects Kinross Gold Corporation (TSE: K) (NYSE: KGC) is taking a 9.9 per cent equity position in Eminent Gold Corp. (CVE: EMNT) (FSE: 7AB) as part of a private placement in which the latter company intends to raise up to USD$5 million Kinross’ investment depends on signing an Investor Rights Agreement between both parties Kinross will have the right to maintain its ownership level in future equity distributions This applies whether the Eminent issues shares for cash or non-cash assets Kinross can invest on the same terms as other investors if the shares are issued for non-cash assets Kinross will receive shares priced at the higher of the five-day Volume Weighted Average Price (VWAP) or the TSX Venture Exchange’s minimum price If the equity distribution is less than 2.5 per cent of the company’s outstanding shares The Hot Springs Range and Celts Projects are early-stage gold exploration programs located in Nevada Kinross will appoint two of the members and also have a right of first offer on any option deals Kinross has agreed to a standstill that limits its ownership to 19.9 per cent The company must maintain the advisory committee and Kinross’ participation rights as long as Kinross holds at least 4.9 per cent of the Eminent If Kinross’ ownership drops below that threshold Read more: Calibre Mining prepares for special shareholder meeting for Equinox merger Read more: Calibre Mining values women’s contributions to its operations Kinross Gold operates several key properties in Nevada with its flagship being the Round Mountain mine Round Mountain has produced over 15 million ounces of gold since 1977 and continues to be a major contributor to Kinross’ production profile The company also operates the Bald Mountain mine in White Pine County run-of-mine heap leach operation known for its large land package and exploration potential Kinross has ongoing exploration across both sites focusing on expanding mineral reserves and extending mine life Kinross is advancing its Gold Hill satellite deposit the gold producer has shown interest in partnering or investing in earlier-stage projects to strengthen its Nevada portfolio These operations align with Kinross’ strategy of focusing on high-quality and support its broader goals of maintaining strong U.S.-based gold production Nevada remains one of the world’s most attractive regions for gold producers due to its rich geology and stable regulations The state hosts the prolific Carlin and Battle Mountain-Eureka trends known for high-grade and bulk-tonnage deposits and infrastructure make it a top-tier jurisdiction Other companies are also capitalizing on Nevada’s potential Calibre Mining Corp. (TSE: CXB) (OTCMKTS: CXBMF) recently acquired the Pan Mine and the nearby Gold Rock Project Both assets offer near-term growth and strong exploration upside Another key player is i-80 Gold Corp (TSE: IAU) (NYSE: IAUX) which is advancing several high-grade underground projects These companies are drawn by Nevada’s consistent permitting framework and long history of large-scale discoveries Calibre Mining is a sponsor of Mugglehead news coverage Follow Mugglehead on X Like Mugglehead on Facebook Follow Joseph Morton on X joseph@mugglehead.com It is estimated to hold more than 60,000 tonnes of what is currently a very valuable commodity Defense Metals recently completed a preliminary feasibility study for the Wicheeda Rare Earth Element Project The commodity's record high price has made it a new focus for many juniors Kinross has identified new high-priority drill targets at the PWC property that have never been tested The explorer plans to use the proceeds to advance its Nevada projects and gold-in-soil survey results uploaded in Leapfrog software support the new 2025 drill hole locations; Recent geologic modeling and interpretation by Kinross also provides a supporting structural foundation and information for the 2025 Exploration and Drill Program drill permitting is in process and drilling is expected to begin in approximately 4-6 weeks; The previous soil survey returned significant anomalous gold-in-soil values that extended more than 3 kilometres ("km") were also elevated in the first soil survey; The drill hole was designed to identify local stratigraphy in a large area within the 25 km² PWC land package with no previous deep drilling Kinross has successfully identified stratigraphy and lithology at explorable depths 2025 Kinross Drill Planning & Map (Figure 1) A comprehensive geologic model was built for comparison with the many Cortez Districts >5.0-million-ounce gold discoveries Figure 1 - 2025 Drill Target Area Nevada and consists of approximately 24.7 km² in the heart of the significant gold producing Cortez District (Battle Mountain - Eureka Trend) Kinross is funding and operating PWC and has a strategic 9.9% (on a partially diluted basis) equity interest in the Company acquired through a private placement PWC consists of a land package totaling approximately 24.7 km² of unpatented mining claims and patented fee lands adjoining NGM PWC is situated along the Cortez Structural Zone of the exceptionally productive Cortez Trend within the Battle Mountain - Eureka Trend in north central Nevada (Figure 2) Figure 2: PWC Location (project boundary approximate) Riley Gold's founders and leadership team have a proven track record of maximizing shareholder value during each phase of the mining life cycle: exploration Myriad Uranium holds a 75% earnable interest in the Copper Mountain Uranium Project, which saw US$78m in expenditures by Union Pacific during the 1970s. Union Pacific drilled 2,000 boreholes, discovered 7 uranium deposits, and developed... LEARN MORE Manatuck Hill Partners LLC lifted its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 312.5% in the 4th quarter according to the company in its most recent filing with the Securities and Exchange Commission The institutional investor owned 158,400 shares of the mining company's stock after acquiring an additional 120,000 shares during the period Manatuck Hill Partners LLC's holdings in Kinross Gold were worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission A number of other hedge funds and other institutional investors also recently made changes to their positions in the business Wilmington Savings Fund Society FSB acquired a new position in Kinross Gold in the third quarter valued at approximately $248,000 Tidal Investments LLC boosted its stake in Kinross Gold by 354.9% during the third quarter Tidal Investments LLC now owns 48,068 shares of the mining company's stock worth $450,000 after acquiring an additional 37,502 shares in the last quarter boosted its stake in Kinross Gold by 0.6% during the third quarter now owns 1,080,957 shares of the mining company's stock worth $10,804,000 after acquiring an additional 6,634 shares in the last quarter DGS Capital Management LLC bought a new stake in Kinross Gold in the third quarter valued at $138,000 LLC raised its holdings in shares of Kinross Gold by 3.8% during the third quarter LLC now owns 3,579,750 shares of the mining company's stock valued at $33,536,000 after purchasing an additional 129,750 shares during the period 63.69% of the stock is owned by institutional investors and hedge funds Two research analysts have rated the stock with a hold rating four have given a buy rating and three have issued a strong buy rating to the company's stock the stock currently has a consensus rating of "Buy" and a consensus price target of $13.30 Read Our Latest Report on KGC Shares of KGC traded down $0.14 during trading hours on Friday 15,352,890 shares of the stock traded hands compared to its average volume of 17,875,433 has a 52 week low of $6.67 and a 52 week high of $15.46 The company has a market cap of $17.31 billion The stock has a fifty day simple moving average of $12.76 and a 200 day simple moving average of $11.17 a quick ratio of 0.83 and a debt-to-equity ratio of 0.18 Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its earnings results on Wednesday The mining company reported $0.20 EPS for the quarter missing the consensus estimate of $0.23 by ($0.03) Kinross Gold had a return on equity of 12.65% and a net margin of 18.43% equities analysts forecast that Kinross Gold Co The firm also recently disclosed a quarterly dividend This represents a $0.12 dividend on an annualized basis and a yield of 0.85% Kinross Gold's dividend payout ratio (DPR) is presently 15.58% MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on.. While Kinross Gold currently has a Buy rating among analysts top-rated analysts believe these five stocks are better buys View The Five Stocks Here Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K saw a large drop in short interest in the month of April there was short interest totalling 10,480,000 shares a drop of 17.0% from the March 31st total of 12,620,000 shares the days-to-cover ratio is currently 0.5 days 0.9% of the company's shares are short sold KGC traded down $0.14 during midday trading on Friday 15,352,890 shares of the company were exchanged a price-to-earnings-growth ratio of 0.68 and a beta of 1.12 Kinross Gold has a one year low of $6.67 and a one year high of $15.46 The company's fifty day moving average price is $12.76 and its 200 day moving average price is $11.17 The company has a debt-to-equity ratio of 0.18 a quick ratio of 0.83 and a current ratio of 2.01 Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday The mining company reported $0.20 earnings per share (EPS) for the quarter analysts expect that Kinross Gold will post 0.81 EPS for the current year The company also recently declared a quarterly dividend March 5th were given a dividend of $0.03 per share This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.85% Kinross Gold's payout ratio is currently 15.58% Several hedge funds and other institutional investors have recently added to or reduced their stakes in KGC Van ECK Associates Corp boosted its stake in shares of Kinross Gold by 62.2% in the 4th quarter Van ECK Associates Corp now owns 116,323,261 shares of the mining company's stock worth $1,078,330,000 after buying an additional 44,610,091 shares during the last quarter boosted its position in Kinross Gold by 1.6% in the fourth quarter now owns 47,365,206 shares of the mining company's stock worth $439,881,000 after purchasing an additional 763,248 shares during the last quarter Renaissance Technologies LLC boosted its position in Kinross Gold by 10.9% in the fourth quarter Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock worth $304,633,000 after purchasing an additional 3,224,455 shares during the last quarter Norges Bank bought a new position in Kinross Gold in the 4th quarter valued at $280,697,000 Connor Clark & Lunn Investment Management Ltd raised its stake in shares of Kinross Gold by 10.5% during the 4th quarter now owns 14,665,537 shares of the mining company's stock worth $136,028,000 after purchasing an additional 1,398,225 shares during the period 63.69% of the stock is currently owned by hedge funds and other institutional investors Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday Two investment analysts have rated the stock with a hold rating four have assigned a buy rating and three have given a strong buy rating to the company's stock the company has a consensus rating of "Buy" and a consensus price target of $13.30 Read Our Latest Research Report on Kinross Gold Which stocks are likely to thrive in today's challenging market Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment Delivered on all key guidance metricsAchieved record free cash flow of more than $1.3 billion and repaid $800 million of debtStrong three-year outlook of 2.0 million Au eq 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the fourth quarter and year ended December 31 20241.This news release contains forward-looking information about expected future events and financial and operating performance of the Company We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on pages 41 and 42 of this release 2024 full-year results and 2025 guidance:         2024 Q4 and full-year highlights:          ________________________1 Unless otherwise stated production figures in this news release are on an attributable basis “Attributable” includes Kinross’ 70% share of Manh Choh production Financial figures include 100% of Manh Choh results except when denoted as attributable Attributable figures are non-GAAP financial measures and ratios Refer to footnote 7.2 “Production cost of sales per equivalent ounce sold” is defined as production cost of sales as reported on the consolidated statements of operations divided by total gold equivalent ounces sold.3 Capital expenditures is reported as "Additions to property plant and equipment" on the consolidated statements of cash flows 4 “Margins” per equivalent ounce sold is defined as average realized gold price per ounce less production cost of sales per equivalent ounce sold.5 Operating cash flow figures in this release represent “Net cash flow provided from operating activities,” as reported on the consolidated statements of cash flows.6 Earnings and reported net earnings figures in this release represent “Net earnings attributable to common shareholders,” as reported on the consolidated statements of operations 7 These figures are non-GAAP financial measures and ratios They are defined and actual results are reconciled on pages 25 to 31 of this news release Non-GAAP financial measures and ratios have no standardized meaning under International Financial Reporting Standards “IFRS” and therefore may not be comparable to similar measures presented by other issuers 8 Adjusted net earnings figures in this news release represent “Adjusted net earnings attributable to common shareholders.”9 “Total liquidity” is defined as the sum of cash and cash equivalents as reported on the consolidated balance sheets and available credit under the Company’s credit facilities (as calculated in Section 6 Liquidity and Capital Resources of Kinross’ MD&A for the year ended December 31 Development project and exploration highlights: made the following comments in relation to 2024 fourth-quarter and year-end results: “2024 marked another excellent year for Kinross and we have We delivered record free cash flow7 of $1.3 billion significantly outpacing the rise in gold price we acquired Great Bear through a combination of cash and shares we have fully repaid the debt associated with that acquisition and have fewer shares outstanding due to our share buyback program We have also outlined a high-grade resource and published an attractive Preliminary Economic Assessment demonstrating top-tier "We converted nearly 1 million resource ounces to reserves at Bald Mountain coupled with the receipt of our Juniper permit in 2024 resulted in the decision to proceed with mining at Redbird social and governance initiatives across our host countries and look forward to publishing our detailed 2024 Sustainability Report in May “We are forecasting another strong year of production of approximately 2.0 million gold equivalent ounces while maintaining our consistent operational performance Our operational focus in 2025 will be on cost control capital discipline and delivering on planned grades We are also anticipating additional returns of capital to shareholders later in 2025.” Summary of financial and operating results (a)   All measures and ratios include 100% of the results from Manh Choh except measures and ratios denoted as “attributable.” “Attributable” measures and ratios include Kinross’ 70% share of Manh Choh production as applicable.(b)   “Gold equivalent ounces” include silver ounces produced and sold converted to a gold equivalent based on a ratio of the average spot market prices for the commodities for each period The ratio for the fourth quarter and full year 2024 was 84.67:1 and 84.43:1 respectively (fourth quarter and full year 2023 – 85.00:1 and 83.13:1 respectively).(c)   The definition and reconciliation of these non-GAAP financial measures and ratios is included on pages 25 to 31 of this news release Non-GAAP financial measures and ratios have no standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers.(d)   “Capital expenditures” is as reported as “Additions to property plant and equipment” on the consolidated statements of cash flows (e)   “Average realized gold price per ounce” is defined as gold revenue divided by total gold ounces sold.(f)   “Production cost of sales per equivalent ounce sold” is defined as production cost of sales divided by total gold equivalent ounces sold The following operating and financial results are based on fourth-quarter and year-end 2024 gold equivalent production: Production: Kinross produced 501,209 Au eq largely in line with full-year 2023 production of 2,153,020 Au eq Average realized gold price10: The average realized gold price in Q4 2024 was $2,663 per ounce the average realized gold price per ounce was $2,393 compared with $1,945 per ounce for full-year 2023 compared with $1,115.7 million during Q4 2023 Revenue increased to $5,148.8 million for full-year 2024 compared with $4,239.7 million for full-year 2023 The 21% year-over-year increase is primarily due to the increase in the average realized gold price Production cost of sales: Production cost of sales per Au eq Attributable production cost of sales per Au eq based on attributable gold sales of 517,980 ounces based on attributable gold sales of 2,111,688 Attributable all-in sustaining cost1: Attributable all-in sustaining cost per Au eq Full-year attributable all-in sustaining cost per Au eq attributable all-in sustaining cost per Au oz Attributable all-in sustaining cost per Au oz sold on a by-product basis1 was $1,365 for full-year 2024 Operating cash flow5: Operating cash flow was $734.5 million for Q4 2024 Operating cash flow for full-year 2024 was $2,446.4 million compared with $1,605.3 million for full-year 2023 primarily due to the increase in margins and favourable working capital movements Attributable adjusted operating cash flow1 for Q4 2024 was $614.1 million Attributable adjusted operating cash flow1 for full-year 2024 was $2,143.1 million Attributable free cash flow1: Record attributable free cash flow was $434.4 million in Q4 2024 Record attributable free cash flow for full-year 2024 was $1,340.2 million compared with attributable free cash flow of $559.7 million in 2023 Earnings6: Reported net earnings were $275.6 million for Q4 2024 compared with reported net earnings of $65.4 million Full year reported net earnings in 2024 were $948.8 million compared with reported net earnings of $416.3 million Attributable capital expenditures1: Attributable capital expenditures were $278.8 million for Q4 2024 Attributable capital expenditures for full-year 2024 were $1,050.9 million which included the start of Phase S development at Round Mountain and increased capital development at Tasiast for West Branch 5 ________________________10 “Average realized gold price per ounce” is defined as gold revenue divided by total gold ounces sold The Company continued to strengthen its balance sheet by repaying $250.0 million on its term loan in the quarter The Company repaid the remaining $200.0 million on February 10 completing repayment of the $1.0 billion term loan Kinross had cash and cash equivalents of $611.5 million as of December 31 compared with $352.4 million at December 31 The Company had additional available credit11 of $1.65 billion as of December 31 and total liquidity9 of approximately $2.3 billion ________________________11 “Available credit” is defined as available credit under the Company’s credit facilities and is calculated in Section 6 Liquidity and Capital Resources of Kinross’ MD&A for the year ended December 31 Kinross is committed to enhancing shareholder returns through its continuing quarterly dividend The dividend of $0.03 per common share is payable on March 20 Kinross is currently in the process of renewing its normal course issuer bid with the Toronto Stock Exchange intends to reinstate a share buyback program later in 2025 Mine-by-mine summaries for 2024 fourth-quarter and full-year operating results may be found on pages 19 and 23 of this news release Tasiast had another excellent year in 2024 achieving record annual production and cash flow The record annual production was mainly a result of record throughput following the completion of the Tasiast 24k project in the second half of 2023 production was lower as a result of planned lower grades and mill maintenance partially offset by improvements in recovery Tasiast’s full-year cost of sales per ounce sold was higher year-over-year primarily due to higher royalties as a result of the increase in gold prices and higher labour costs largely offset by a higher proportion of costs allocated to capital development Cost of sales per ounce sold increased quarter-over-quarter full-year production decreased compared with 2023 mainly as a result of lower grades due to planned mine sequencing into harder material in the southwest area of the pit Cost of sales per ounce sold was higher year-over-year due to lower production higher drilling contractor and blasting supply costs partially offset by favourable foreign exchange rates Production decreased quarter-over-quarter mainly due to the lower throughput from the timing of mill maintenance and mine sequencing Cost of sales per ounce sold was higher quarter-over-quarter due to the decrease in production partially offset by favorable foreign exchange rates annual production is expected to increase as the site moves into higher-grade portions of the mine plan full year production decreased compared with 2023 due to a decrease in silver grades and throughput partially offset by an increase in gold grades Production increased quarter-over-quarter due to higher throughput Cost of sales per ounce sold was higher in both comparable periods primarily due to a lower proportion of mining activities related to capital development in 2024 and higher mill maintenance costs and optimization Kinross continues to progress permitting work for mine life extensions at La Coipa Full-year production at Fort Knox increased significantly compared with 2023 primarily due to first production from the higher-grade higher-recovery ore from Manh Choh in the second half of 2024 Cost of sales per ounce sold was in line with 2023 Quarter-over-quarter production decreased and cost of sales per ounce sold increased due to the timing of processing Manh Choh ore which was more heavily weighted to Q3 2024 full-year production decreased compared with 2023 due to fewer ounces recovered from the heap leach pads partially offset by higher mill production production was in line and cost of sales per ounce sold increased largely due to higher cost ounces produced from the heap leach pads full-year production increased compared with 2023 due to higher grades Full-year cost of sales per ounce sold decreased mainly due to lower supplies costs and higher production partially offset by a lower proportion of mining activities related to capital development production was largely in line and cost of sales per ounce sold was lower mainly due to the timing of sales Kinross continues to progress its AEX program and Main Project permitting has commenced with the necessary permits received for all current activities The two remaining permits required for full AEX completion and operation are under review by the regulatory authorities and are expected to be received later in the year Detailed engineering and procurement continue to advance The Company is focused on progressing AEX activities including construction of the exploration decline planned to commence in late 2025 Kinross is advancing detailed engineering and execution planning The selection of design partners is well underway and work is planned to commence in Q1 2025 This work will provide key engineering information for permitting and construction The Company continues to work with the Impact Assessment Agency of Canada on advancing its Impact Statement which is planned to be submitted later in 2025 Consultation continues with designated Indigenous communities including discussions to finalize related agreements Kinross has shifted from deep underground resource drilling to regional exploration work with the goal of identifying new open pit and underground deposits Kinross released its Preliminary Economic Assessment for Great Bear on September 10 The Project is expected to produce over 500,000 ounces per year at an all-in sustaining cost of approximately $800 per ounce during the first 8 years through a conventional Kinross also released an updated mineral resource estimate increasing the inferred resource estimate by 568 koz which was in addition to the M&I resource estimate of 2.7 Moz Kinross is pleased to announce plans to proceed with mining at the Redbird pit at Bald Mountain following the receipt of the Juniper permit in the second half of 2024 Kinross has approved mining of Phase 1 at Redbird and is expected to produce approximately 175 koz. could begin in 2026 and extend production from Bald Mountain through 2031 Phase 1 lowers the initial capital risk by leveraging existing heap leach infrastructure and can progress in 2025 while work continues on optimizing the design and execution plan for Phase 2 Phase 1 initial capex of $120 million is primarily pre-strip mining cost and the project has an all-in sustaining cost of approximately $1,500/oz Kinross is progressing baseline studies to support the Environmental Impact Assessment (EIA) for the Lobo-Marte project Lobo-Marte continues to be a potential large low-cost mine and Kinross is committed to progressing next steps to advance the project Company Guidance The following section of the news release represents forward-looking information and users are cautioned that actual results may vary We refer to the risks and assumptions contained in the Cautionary Statement on Forward-Looking Information on pages 41 and 42 of this news release This Company Guidance section below references attributable production cost of sales per equivalent ounce attributable all-in sustaining cost per equivalent ounce sold non-sustaining and attributable capital expenditures which are non-GAAP ratios and financial measures with no standardized meaning under IFRS and therefore The definitions of these non-GAAP ratios and financial measures and comparable reconciliations are included on pages 25 to 31 of this news release Kinross expects to produce 2.0 million attributable Au eq Production is expected to remain stable at 2.0 million attributable Au eq ________________________12 Attributable gold equivalent ounce production guidance for 2025 includes approximately 4.3 million ounces of silver Attributable production cost of sales is expected to be $1,120 per Au eq production cost of sales2 and attributable production cost of sales1 were $1,020 per Au eq The moderate year-over-year increase in 2025 is mainly due to lower overall production with a change in sales mix The Company expects its attributable all-in sustaining cost1 to be $1,500 per Au eq attributable all-in sustaining cost1 was $1,388 per Au eq The expected increase in 2025 is largely a result of the increase in attributable production cost of sales 2025 attributable1 production and cost guidance 2025 attributable1 production and cost guidance by country Material assumptions used to forecast 2025 guidance most notably relating to production cost of sales Taking into account existing currency and oil hedges: ________________________13 The percentages are calculated based on the mid-point of country 2025 forecast production.14 Refers to all of the currencies in the countries where the Company has mining operations fluctuating simultaneously by 10% in the same direction taking into consideration the impact of hedging and the weighting of each currency within our consolidated cost structure Attributable capital expenditures15 guidance Attributable capital expenditures for 2025 are forecast to be approximately $1,150 million (+/- 5%) and are summarized in the table below capital expenditures3 and attributable capital expenditures were $1,076 million and $1,051 million Kinross’ attributable capital expenditures outlook for 2026 and 2027 is approximately expected to be in line with 2025 2025 sustaining capital15 includes the following forecast spending estimates: 2025 non-sustaining capital15 includes the following forecast spending estimates: ________________________15 Forecast 2025 sustaining non-sustaining and total forecast capital expenditures are on an attributable basis and include Kinross’ share of Manh Choh (70%) capital expenditures Actual results as reported for the year ended December 31 non-sustaining and total capital expenditures (refer to footnote 3) are on a total basis and include 100% of Manh Choh capital expenditures non-sustaining and attributable capital expenditures are non-GAAP financial measures (refer to footnote 7) and are defined and reconciled on pages 30 and 31 of this news release ________________________16 The forecast ETR range for 2025 assumes gold price foreign exchange and tax rates in the jurisdictions in which the Company operates remain stable and within 2025 guidance assumptions The ETR does not include the impact of items which the Company believes are not reflective of the Company’s underlying performance such as the impact of net foreign currency translations on tax deductions and taxes related to prior periods Management believes that the ETR range provides investors with the ability to better evaluate the Company’s underlying performance the ETR range is not necessarily an indicator of tax expense recognized under IFRS The rate is sensitive to the relative proportion of sales between the Company’s various tax jurisdictions and realized gold prices.17 DD&A ($/oz) is defined as depreciation divided by total gold equivalent ounces sold Kinross continued to deliver strong sustainability performance throughout the year reflected in strong Sustainability scores as measured by MSCI and was named to the S&P 2025 Global Sustainability Yearbook for the 12th time since 2012 Kinross’ robust approach to environmental performance includes advancing its climate change strategy The Company is on track to achieve its greenhouse gas (GHG) target of reducing emissions intensity by 30% by 2030 from its 2021 baseline Kinross implemented more than 15 energy efficiency projects across sites switching from diesel generators to electricity at fuel islands and lime silos The Company also advanced its estimation of Scope 3 GHG emissions and completed outreach with the suppliers representing the majority of total spend to understand their approaches to emissions reduction with a particular focus on sustainability after mine closure Kinross was also recognized with a 2024 award for Business Achievement in Sustainability by the Canadian Council for the Americas Kinross’ robust corporate governance standards for its Board of Directors continue to be driven by a focus on delivering value through a mix of skills and experience director independence and succession planning Kinross was the top scoring gold mining company in The Globe and Mail’s annual corporate governance ranking and increased its score by four points from 2023 ranking in the top 10% of companies overall approximately 318,000 metres of drilling was completed for all exploration projects (brownfields The Company’s brownfields and minex exploration efforts – which accounted for approximately 85% of the Company’s exploration – continued to focus within the footprint of existing mines and projects during 2024 Kinross’ exploration efforts at Great Bear in 2024 primarily focused on directional drilling beyond the 1,000-metre depth to show the underground potential of the asset which was updated in September along with the release of a PEA The 2024 drilling intersected mineralization beyond the current resource and PEA inventory across multiple zones up to a vertical depth of 1,600 metres demonstrating the system is still open with continuation of high-grade mineralization at depth and highlighting the potential for further resource additions Given the costs of drilling to this depth from surface and the significant resource already identified late last year the exploration focus shifted to regional exploration work on the ~120 square kilometre land package to look for additional open pit and underground opportunities work on the AEX decline will be progressed to support future exploration at LP from underground drilling in Q4 expanded infill drilling into the upper zone of the primary exploration target with results showing numerous intercepts with strong widths and grades supporting the thesis of potential for bulk mining at Phase X Approximately 21,000 metres have been drilled at Phase X since starting the exploration decline in 2023 The program in 2024 successfully intersected both the upper and lower exploration targets demonstrating continuous wide mineralization with strong grades In 2025 Kinross will focus on completing infill drilling of the exploration target at Phase X to support further studies to progress the project approximately 5,000 metres of drilling were completed both from the bottom of the pit to better define the vein system and from surface which extended one of the main targets 150 metres on strike The 30,400 metre 2024 drilling program at Curlew Basin successfully targeted higher grade extensions of mineralization and delivered the following successes:  Kinross plans to continue this focus on higher-grade mineralization targeting new discoveries and extensions of mineralization at North Stealth and Roadrunner Drilling this year at Fort Knox focused on growth at two main targets: around the satellite Gil pit and around the Fort Knox pit The growth highlights at Fort Knox have not been included in the current resource update and may offer potential to augment medium-term production plans at Fort Knox An additional 2,466 metres of drilling occurred on the Fort Knox property testing new target areas between the Fort Knox and Gil mines drilling at Fort Knox will continue to focus on growth opportunities at Gil and around the Fort Knox pit and will also target exploration along the structural trend between the Fort Knox and Gil deposits 4,760 metres of drilling was completed across six target areas identifying encouraging skarn alteration at three targets that will be followed up on in 2025 Surface sampling to identify new drill targets was completed along the mine road corridor and greater Tetlin lease in 2024 Exploration drilling at Bald Mountain in 2024 focused on low-strip near-pit extensions in the North and South area of operations and within the Bida trend with roughly 21,000 metres drilled in the year on brownfields and minex programs 2025 drilling will be focused on conversion of inferred resources at the Redbird pit and on generative projects looking for new deposits on the large highly prospective land package at Bald Mountain drill testing of the West Branch orebody at depth to provide additional data for assessing future underground mining Wide zones of mineralization have been intersected down plunge of the current underground resource of 1.1 Moz extending mineralization on strike and down plunge 700 metres to date which is a satellite deposit on the TMLSA license work completed during the year resulted in the addition of 110 koz two RC and two diamond drill rigs were actively drilling target areas A total of 51,135 metres had been drilled by year end and drilling will continue throughout 2025 The brownfields drilling program further delineated the gold porphyry mineralization potential at Cerros Bravos The porphyry is located approximately 8 kilometres due north of Kinross’ mine facilities Step out drilling and geophysics carried out in 2024 helped define new targets for further work in 2025 at Cerros Bravos 2025 drilling in Chile will also focus on existing known trends on the La Coipa license looking for extensions of previously mined orebodies and for new mineralization Brownfields exploration focused on systematically testing targets on the Company’s extensive land packages which extend over 35 kilometres along the northwest corridor from the Paracatu mine with results showing similar style and grade of mineralization to Paracatu and ground IP and Lidar surveys were also completed in 2024 The greenfields exploration strategy is to identify and explore in areas that have the potential to host high-grade gold deposits The Company looks for opportunities where it can stake its own claims or collaborate with high-quality junior exploration companies through either joint venture agreements or via equity investment The primary focus is exploring for orogenic Carlin and intrusion related gold and gold-copper style deposits The greenfields exploration programs in 2024 were focused on targets located in Canada and Finland with approximately 45,000 metres of drilling completed on all projects the focus in Canada was primarily on the large land holdings in Snow Lake where Kinross has 100% ownership of six exploration properties: Laguna Drilling on the Laguna and the Laguna North properties has continued to define and extend high-grade mineralization on multiple gold rich Kinross is focused on expanding identified veins and discovering additional vein systems on the property to increase the critical mass of mineralization to support further work Kinross is also progressing prospecting and mapping on the SLG property to find new veins after identifying a 200 metres long shear zone in 2023 The 2024 work identified two new shear zones 1.5 kilometres and 4 kilometres from the 2023 shear zone with grab samples on the new zones showing strong grades including 78.9 g/t Kinross has 100% ownership of four greenfield exploration properties in northwest Ontario three of which are in the Red Lake district outside of the Great Bear property Initial reconnaissance mapping and prospecting on one of those properties yielded grab samples of 12.35 g/t 3.17 g/t and 5.16 g/t Au in newly identified quartz veins Kinross plans to follow-up with detailed mapping and prospecting in 2025 an option agreement was signed with Puma Exploration Inc for a 65% interest in their Williams Brook property in New Brunswick The Williams Brook project has seen early-stage work completed by Puma which has identified 5 anomalous zones including Lynx Highlights from each target include 5.55 g/t Au over 50.15m at Lynx and grab samples of values up to up to 34 g/t Au at Jaguar 6.69 g/t Au at Cheetah and 19.9 g/t Au at Tiger Kinross holds a number of projects in Nevada that are either 100% owned or are in joint venture with private individuals Work on Kinross’ Nevada projects in 2024 included geophysics and RC and diamond drilling of early-stage targets a joint venture was established with Riley Gold Corporation on its PWC project which is contiguous with the western boundary of Nevada Gold Mines’ Pipeline Complex Kinross completed an initial diamond drill hole designed to test for favourable lower plate carbonate Carlin-type host rocks The initial 1,095 metre drill hole successfully intercepted the favourable lower plate carbonates starting at a depth of 715 metres demonstrating that known Cortez District host lithologies exist at explorable drill depths over a large Work continues evaluating and advancing new pipeline projects through third party agreements and on opportunistic claim staking and drill testing of opportunities in the principal metallogenic belts throughout the U.S including the Walker Lane and the primary trends of Carlin-type deposits Kinross is progressing exploration on its own land positions and with joint venture partners in Finland on the Central Lapland Greenstone Belt along a greenstone belt of similar scale to the Abitibi that has had limited historical gold exploration and development Kinross’ land positions are proximal to Agnico Eagle’s Kittilä Gold mine and Rupert Resource’s Ikkari gold deposit which reported more than 4 million ounces at 2.2 g/t Au in indicated resources Work in 2024 included approximately 11,000 meters of base-of-till drilling which is used to test the surface of bedrock under cover for gold anomalies Base-of-till drilling was used successfully in the discoveries of Rupert Resource’s Ikkari gold deposit and Agnico Eagle’s Kittilä gold mine and the work on Kinross’ properties in 2024 identified numerous gold anomalies Kinross also completed approximately 4,800 metres of diamond drilling to follow up on identified gold anomalies in 2024 with results showing encouraging gold grades at Launi-East including 5.23 g/t over 3.65m and 10.05 g/t over 0.95m Kinross will continue to follow up on identified targets in 2025 2025 exploration expenditure guidance (brownfields minex and greenfields) is $175 million (+/-5%) compared with the $166.4 million spent in 2024 The 2025 programs are designed to follow-up on existing zones of mineralization and to make new discoveries in all of Kinross’ jurisdictions Appendix A: Refer to page 39 of this news release for supplementary illustrations Full drill results are available here: https://www.kinross.com/Exploration-Drill-Results-Appendix-A-Q4-YE-2024 2024 Mineral Reserves and Mineral Resources update(See the Company’s detailed Annual Mineral Reserve and Mineral Resource Statement estimated as at December 31 2024 and explanatory notes starting at page 33.) Kinross increased its gold price assumptions from $1,400 per ounce to $1,600 per ounce for its mineral reserve estimates and from $1,700 per ounce to $2,000 per ounce for its mineral resource estimates The Company also increased its silver price assumptions to $20 per ounce and $25 per ounce for its mineral reserve and mineral resource estimates and maintained its fully loaded costing methodology Kinross is focused on upgrading the quality of its resources through delineating high-grade gold ounces with the objective of converting to reserves Kinross added 1.7 million ounces to its inferred resource which included high-grade additions at both Great Bear and Curlew ________________________18 Please see pages 36 and 37 for Mineral Reserve and Mineral Resource Statement Notes.19 Rounding of values to the 000s may result in apparent discrepancies.20 M&I depletion is positive due to the addition of 221 koz Kinross’ total proven and probable mineral reserve estimates decreased by 4% at year-end 2024 compared with 22.8 million Au oz The net decrease was mostly due to depletion with decreases offset by a net increase of 1.5 million ounces driven by increases at Bald Mountain Bald Mountain reserves increased by 971 koz before depletion driven by conversion of resources to reserves at Redbird after receiving permits for the Juniper land package a new life of mine plan has been completed following the 2024 reserve update Production from Tasiast from 2025 through 2027 is decreasing compared to 2024 driven by mine plan sequencing and lower grades during the stripping phase of West Branch 5 The new life of mine plan has shown an increase of 100 koz over that 3-year period as compared to the previous life of mine plan on the back of operational improvements and the addition of the Fennec satellite pit The following graph illustrates Tasiast’s reserve and mine plan update: Kinross’ total measured and indicated mineral resource estimate at year-end 2024 was 25.9 million Au oz The slight decrease is the result of net growth on the higher gold price and new drilling less the conversion of resources to reserves Kinross’ total inferred mineral resource estimate increased by 15% or 1.7 million Au oz with additions from most sites across the portfolio was driven by new drilling at Great Bear and Curlew and growth on higher gold price an independent Board member since 2005 and Chair of the Board since 2019 has announced that she will not be standing for election at the Company’s annual meeting of shareholders in May 2025 Kelly Osborne has been approved as Chair of the Board effective upon his re-election as an independent director at the Company’s annual meeting of shareholders on May 7 McLeod-Seltzer has made numerous and significant contributions during her 20-year directorship at the Company She has overseen the dramatic reshaping of Kinross’ portfolio as the Company exited and entered new operating jurisdictions acquired the Great Bear development project and lead the strong focus on debt reduction and returning capital to shareholders she championed diversity at all levels of the organization including at the Board level and Senior Leadership Team drove a results-based focus on Sustainability performance and also oversaw a number of key governance initiatives including an effective Board succession program that has added six new Directors during her tenure as Chair Board member and Chief Executive Officer in numerous mineral companies has been recognized with several awards: She was named “Mining Man of the Year” by The Northern Miner in 1999; given the “Award for Performance” in 1997 and the Peak Award for Significant Board Contribution in 2021 by the Association of Women in Finance; named on the Financial Post’s “Power 50”; has received the “Canada’s Most Powerful Women Top 100 Award”; and was named one of “100 Global Inspirational Women in Mining” in 2013 and 2016 by Women In Mining (UK) an independent Director of Kinross since 2015 has served on the Corporate Governance and Nominating Committee and Corporate Responsibility and Technical Committee during his tenure and served as Chair of the Corporate Responsibility and Technical Committee from 2018 until 2024 Osborne had an extensive career in the mining industry as an operator and senior executive most recently serving as the CEO of a U.S.-based wholly owned subsidiary of Antofagasta plc. “We are pleased that Kelly Osborne will take on the role of Independent Chair and look forward to his guidance and stewardship as we continue to deliver value for our shareholders,” said J “On behalf of the Board and Kinross management I would like to extend a sincere thank you to Catherine for her leadership and dedication to the Company over the last 20 years Catherine has been a central part of our culture and values and the strong position Kinross is in today is largely due to her support as we advanced and executed on our strategic priorities." George Albino as a Director with an effective date of January 1 Albino is a geologist with over 45 years of experience in mining and finance including 19 years as a sell-side mining analyst primarily focused on gold stocks Albino was previously a Director with Eldorado Gold Corporation in Economic Geology and Geochemistry from the University of Western Ontario in Economic Geology from Colorado State University in Geological Engineering from Queen’s University Kinross will hold a conference call and audio webcast on Thursday Canada & US toll-free – +1 (888) 596-4144; Passcode: 8057299Outside of Canada & US – +1 (646) 968-2525; Passcode: 8057299 Replay (available up to 14 days after the call): Canada & US toll-free – +1 (800) 770-2030; Passcode: 8057299Outside of Canada & US – +1 (647) 362-9199; Passcode: 8057299 You may also access the conference call on a listen-only basis via webcast at our website www.kinross.com The audio webcast will be archived on www.kinross.com Kinross shareholders may obtain a copy of the financial statements free of charge upon request to the Company Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States Our focus is on delivering value based on the core principles of responsible mining Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC) Media Contact Victoria BarringtonSenior Director, Corporate Communicationsphone: 647-788-4153victoria.barrington@kinross.com Investor Relations ContactDavid ShaverSenior Vice-President, Investor Relations & Communications phone: 416-365-2761InvestorRelations@Kinross.com (a)   Totals include immaterial sales and related costs from Maricunga for each period presented (a)  Due to the nature of heap leach operations recovery rates at Bald Mountain cannot be accurately measured on a quarterly basis Recovery rates at Fort Knox and Round Mountain represent mill recovery only.(b)  "nm" means not meaningful.(c)  Gold equivalent ounces include silver ounces produced and sold converted to a gold equivalent based on the ratio of the average spot market prices for the commodities for each period The ratios for the quarters presented are as follows: Q4 2024: 84.67:1; Q3 2024: 84.06:1; Q2 2024: 81.06:1; Q1 2024: 88.70:1; Q4 2023: 85.00:1.(d)  “Production cost of sales per equivalent ounce sold” is defined as production cost of sales divided by total gold equivalent ounces sold.(e)  "Total Cap Ex" is as reported as “Additions to property "Cap Ex - sustaining" is a non-GAAP financial measure The definition and reconciliation of this non-GAAP financial measure is included on pages 30 to 31 of this news release.(f)  La Coipa silver grade and recovery were as follows: Q4 2024: 42.57 g/t (g)  The Fort Knox segment is composed of Fort Knox and Manh Choh and comparative results shown are presented in accordance with the current year’s presentation Manh Choh tonnes of ore processed and grade were as follows: Q4 2024: 138,937 tonnes Tonnes of ore processed and grade were nil for all other periods presented as production commenced in July 2024 The attributable results for Fort Knox include 100% of Fort Knox and 70% of Manh Choh Reconciliation of non-GAAP financial measures and ratios The Company has included certain non-GAAP financial measures and ratios in this document These financial measures and ratios are not defined under IFRS and should not be considered in isolation The Company believes that these financial measures and ratios together with financial measures and ratios determined in accordance with IFRS provide investors with an improved ability to evaluate the underlying performance of the Company The inclusion of these financial measures and ratios is meant to provide additional information and should not be used as a substitute for performance measures prepared in accordance with IFRS These financial measures and ratios are not necessarily standard and therefore may not be comparable to other issuers Adjusted Net Earnings Attributable to Common Shareholders and Adjusted Net Earnings per Share Adjusted net earnings attributable to common shareholders and adjusted net earnings per share are non-GAAP financial measures and ratios which determine the performance of the Company excluding certain impacts which the Company believes are not reflective of the Company’s underlying performance for the reporting period such as the impact of foreign exchange gains and losses reassessment of prior year taxes and/or taxes otherwise not related to the current period gains and losses and other one-time costs related to acquisitions the Company believes that they are not reflective of the underlying operating performance of its current business and are not necessarily indicative of future operating results Management believes that these measures and ratios which are used internally to assess performance and in planning and forecasting future operating results provide investors with the ability to better evaluate underlying performance particularly since the excluded items are typically not included in public guidance adjusted net earnings and adjusted net earnings per share measures and ratios are not necessarily indicative of net earnings and earnings per share measures and ratios as determined under IFRS The following table provides a reconciliation of net earnings to adjusted net earnings for the periods presented: such as one-time costs and recoveries at sites which the Company believes are not reflective of the Company’s underlying performance for the reporting period Attributable free cash flow is a non-GAAP financial measure and is defined as net cash flow provided from operating activities less attributable capital expenditures and non-controlling interest included in net cash flows provided from operating activities which is used internally to evaluate the Company’s underlying cash generation performance and the ability to repay creditors and return cash to shareholders provides investors with the ability to better evaluate the Company’s underlying performance this measure is not necessarily indicative of operating earnings or net cash flow provided from operating activities as determined under IFRS The following table provides a reconciliation of attributable free cash flow for the periods presented: See pages 31 and 32 for details of the endnotes referenced within the table above Attributable Adjusted Operating Cash Flow Attributable adjusted operating cash flow is a non-GAAP financial measure and is defined as net cash flow provided from operating activities excluding changes in working capital certain impacts which the Company believes are not reflective of the Company’s regular operating cash flow and net cash flows provided from operating activities Working capital can be volatile due to numerous factors The Company uses attributable adjusted operating cash flow internally as a measure of the underlying operating cash flow performance and future operating cash flow-generating capability of the Company the attributable adjusted operating cash flow measure is not necessarily indicative of net cash flow provided from operating activities as determined under IFRS.The following table provides a reconciliation of attributable adjusted operating cash flow for the periods presented: Attributable Average Realized Gold Price per Ounce Attributable average realized gold price per ounce is a non-GAAP ratio which calculates the average price realized from gold sales attributable to the Company The Company believes that this measure provides a more accurate measure with which to compare the Company's gold sales performance to market gold prices The following table provides a reconciliation of attributable average realized gold price per ounce for the periods presented: See page 31 and 32 for details of the endnotes referenced within the table above Attributable Production Cost of Sales per Equivalent Ounce Sold Production cost of sales per equivalent ounce sold is defined as production cost of sales as reported on the consolidated statement of operations divided by the total number of gold equivalent ounces sold This measure converts the Company’s non-gold production into gold equivalent ounces and credits it to total production Attributable production cost of sales per equivalent ounce sold is a non-GAAP ratio and is defined as attributable production cost of sales divided by the attributable number of gold equivalent ounces sold This measure converts the Company’s attributable non-gold production into gold equivalent ounces and credits it to total attributable production Management uses this measure to monitor and evaluate the performance of its operating properties that are attributable to its shareholders The following table provides a reconciliation of production cost of sales and attributable production cost of sales per equivalent ounce sold for the periods presented: Attributable Production Cost of Sales per Ounce Sold on a By-Product Basis Attributable production cost of sales per ounce sold on a by-product basis is a non-GAAP ratio which calculates the Company’s non-gold production as a credit against its per ounce production costs rather than converting its non-gold production into gold equivalent ounces and crediting it to total production Management believes that this ratio provides investors with the ability to better evaluate Kinross’ production cost of sales per ounce on a comparable basis with other major gold producers who routinely calculate their cost of sales per ounce using by-product accounting rather than co-product accounting The following table provides a reconciliation of attributable production cost of sales per ounce sold on a by-product basis for the periods presented: Attributable All-In Sustaining Cost and All-In Cost per Ounce Sold on a By-Product Basis Attributable all-in sustaining cost and all-in cost per ounce sold on a by-product basis are non-GAAP financial measures and ratios calculated based on guidance published by the World Gold Council (“WGC”) The WGC is a market development organization for the gold industry and is an association whose membership comprises leading gold mining companies including Kinross Although the WGC is not a mining industry regulatory organization it worked closely with its member companies to develop these metrics Adoption of the all-in sustaining cost and all-in cost metrics is voluntary and not necessarily standard these measures and ratios presented by the Company may not be comparable to similar measures and ratios presented by other issuers The Company believes that the all-in sustaining cost and all-in cost measures complement existing measures and ratios reported by Kinross All-in sustaining cost includes both operating and capital costs required to sustain gold production on an ongoing basis The value of silver sold is deducted from the total production cost of sales as it is considered residual production Sustaining operating costs represent expenditures incurred at current operations that are considered necessary to maintain current production Sustaining capital represents capital expenditures at existing operations comprising mine development costs and ongoing replacement of mine equipment and other capital facilities and does not include capital expenditures for major growth projects or enhancement capital for significant infrastructure improvements at existing operations All-in cost is comprised of all-in sustaining cost as well as operating expenditures incurred at locations with no current operation or costs related to other non-sustaining activities and capital expenditures for major growth projects or enhancement capital for significant infrastructure improvements at existing operations Attributable all-in sustaining cost and all-in cost per ounce sold on a by-product basis are calculated by adjusting production cost of sales Attributable All-In Sustaining Cost and All-In Cost per Equivalent Ounce Sold The Company also assesses its attributable all-in sustaining cost and all-in cost on a gold equivalent ounce basis Under these non-GAAP financial measures and ratios the Company’s production of silver is converted into gold equivalent ounces and credited to total production Attributable all-in sustaining cost and all-in cost per equivalent ounce sold are calculated by adjusting production cost of sales Capital Expenditures and Attributable Capital Expenditures Capital expenditures are classified as either sustaining capital expenditures or non-sustaining capital expenditures depending on the nature of the expenditure Sustaining capital expenditures typically represent capital expenditures at existing operations including capitalized exploration costs and capitalized development unless related to major projects ongoing replacement of mine equipment and other capital facilities and other capital expenditures and is calculated as total additions to property plant and equipment (as reported on the consolidated statements of cash flows) Non-sustaining capital expenditures represent capital expenditures for major projects including major capital development projects at existing operations that are expected to materially benefit the operation as well as enhancement capital for significant infrastructure improvements at existing operations Management believes the distinction between sustaining capital expenditures and non-sustaining expenditures is a useful indicator of the purpose of capital expenditures and this distinction is an input into the calculation of attributable all-in sustaining costs per ounce and attributable all-in costs per ounce The categorization of sustaining capital expenditures and non-sustaining capital expenditures is consistent with the definitions under the WGC all-in cost standard Sustaining capital expenditures and non-sustaining capital expenditures are not defined under IFRS the sum of these two measures total to additions to property plant and equipment as disclosed under IFRS on the consolidated statements of cash flows plant and equipment per the consolidated statements of cash flows includes 100% of capital expenditures for Manh Choh Attributable capital expenditures includes Kinross' 70% share of capital expenditures for Manh Choh Management believes this to be a useful indicator of Kinross’ cash resources utilized for capital expenditures The following table provides a reconciliation of the classification of capital expenditures for the periods presented: (a)   “Attributable” measures and ratios include Kinross’ share of Manh Choh (70%) cash flows sales and capital expenditures.(b)   “Non-controlling interest” represents the non-controlling interest portion in Manh Choh (30%) and other subsidiaries for which the Company’s interest is less than 100% for cash flow from operating activities as appropriate.(c)   “Silver revenue” represents the portion of metal sales realized from the production of the secondary or by-product metal (i.e which is produced as a by-product of the process used to produce gold effectively reduces the cost of gold production.(d)   “Average realized gold price per ounce” is defined as gold revenue divided by total gold ounces sold.(e)   “Production cost of sales per equivalent ounce sold” is defined as production cost of sales divided by total gold equivalent ounces sold.(f)   “General and administrative” expenses are as reported on the consolidated statements of operations General and administrative expenses are considered sustaining costs as they are required to be absorbed on a continuing basis for the effective operation and governance of the Company.(g)   “Other operating expense – sustaining” is calculated as “Other operating expense” as reported on the consolidated statements of operations less the non-controlling interest portion in Manh Choh (30%) and other subsidiaries for which the Company’s interest is less than 100% and other operating and reclamation and remediation expenses related to non-sustaining activities as well as other items not reflective of the underlying operating performance of our business Other operating expenses are classified as either sustaining or non-sustaining based on the type and location of the expenditure incurred The majority of other operating expenses that are incurred at existing operations are considered costs necessary to sustain operations Other operating expenses incurred at locations where there is no current operation or related to other non-sustaining activities are classified as non-sustaining.(h)   “Reclamation and remediation – sustaining” is calculated as current period accretion related to reclamation and remediation obligations plus current period amortization of the corresponding reclamation and remediation assets less the non-controlling interest portion in Manh Choh (30%) and other subsidiaries for which the Company’s interest is less than 100% and is intended to reflect the periodic cost of reclamation and remediation for currently operating mines Reclamation and remediation costs for development projects or closed mines are excluded from this amount and classified as non-sustaining.(i)   “Exploration and business development – sustaining” is calculated as “Exploration and business development” expenses as reported on the consolidated statements of operations less the non-controlling interest portion in Manh Choh (30%) and other subsidiaries for which the Company’s interest is less than 100% and non-sustaining exploration and business development expenses Exploration expenses are classified as either sustaining or non-sustaining based on a determination of the type and location of the exploration expenditure Exploration expenditures within the footprint of operating mines are considered costs required to sustain current operations and are therefore included in sustaining costs Exploration expenditures focused on new ore bodies near existing mines (i.e greenfield) or for other generative exploration activity not linked to existing mining operations are classified as non-sustaining Business development expenses are classified as either sustaining or non-sustaining based on a determination of the type of expense and requirement for general or growth-related operations.(j)   “Additions to property plant and equipment – sustaining” and “non-sustaining” are as presented on pages 30 and 31 of this news release and include Kinross’ share of Manh Choh’s (70%) sustaining and non-sustaining capital expenditures.(k)   “Lease payments – sustaining” represents the majority of lease payments as reported on the consolidated statements of cash flows and is made up of the principal and financing components of such cash payments Lease payments for development projects or closed mines are classified as non-sustaining.(l)   The Fort Knox segment is composed of Fort Knox and Manh Choh for all periods presented 2024 Annual Mineral Reserve and Resource Statement See pages 36 and 37 of this news release for details of the footnotes referenced within the table above See pages 36 and 37 of this news release for details of the footnotes referenced within the table above Mineral Reserve and Mineral Resource Statement Notes the Company's mineral reserves are estimated using appropriate cut-off grades based on an assumed gold price of $1,600 per ounce and a silver price of $20.00 per ounce Mineral reserves are estimated using appropriate process recoveries operating costs and mine plans that are unique to each property and include estimated allowances for dilution and mining recovery Mineral reserve estimates are reported in contained units based on Kinross' interest and are estimated based on the following foreign exchange rates: Canadian Dollar to $US 1.35 Chilean Peso to $US 900.00 Brazilian Real to $US 5.25 Mauritanian Ouguiya to $US 37.50 (2) The mineral reserve estimates for Lobo Marte assume a $1,200 per ounce gold price and foreign exchange rate assumption of Chilean Peso to $US 800.00 are based on the 2021 Feasibility Study (3) The Company’s mineral reserve and mineral resource estimates as at December 31 2024 are classified in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) “CIM Definition Standards ‑ For Mineral Resources and Mineral Reserves” adopted by the CIM Council (as amended the “CIM Definition Standards”) in accordance with the requirements of National Instrument 43‑101 “Standards of Disclosure for Mineral Projects” (“NI 43‑101”) Mineral reserve and mineral resource estimates reflect the Company’s reasonable expectation that all necessary permits and approvals will be obtained and maintained investors concerning estimates of mineral reserves and mineral resources These estimates have been prepared in accordance with the requirements of Canadian securities laws which differ from the requirements of United States’ securities laws “indicated mineral resource” and “inferred mineral resource” are Canadian mining terms as defined in accordance with NI 43 101 and the CIM Definition Standards These definitions differ from the definitions in subpart 1300 of Regulation S K (“Subpart 1300”) While the definitions in Subpart 1300 are similar to the definitions in NI 43 101 and the CIM Definitions Standard the definitions in Subpart 1300 differ from the requirements of NI 43 101 and the CIM Definition Standards investors are cautioned that while the above terms are “substantially similar” to CIM Definitions there are differences in the definitions in Subpart 1300 and the CIM Definition Standards there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves” “indicated mineral resources” and “inferred mineral resources” under NI 43 101 would be the same had the Company prepared the mineral reserve or mineral resource estimates under the standards set forth in Subpart 1300 investors are also cautioned that while the United States Securities and Exchange Commission (“SEC”) recognizes “measured mineral resources” “indicated mineral resources” and “inferred mineral resources” under Subpart 1300 investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves investors are cautioned not to assume that any measured mineral resources or inferred mineral resources that the Company reports are or will be economically or legally mineable “inferred mineral resources” have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically investors are also cautioned not to assume that all or any part of the “inferred mineral resources” exist estimates of “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies As a foreign private issuer that files its annual report on Form 40 F with the SEC pursuant to the multi-jurisdictional disclosure system the Company is not required to provide disclosure on its mineral properties under the Subpart 1300 provisions and will continue to provide disclosure under NI 43 101 and the CIM Definition Standards If the Company ceases to be a foreign private issuer or loses its eligibility to file its annual report on Form 40 F pursuant to the multi-jurisdictional disclosure system then the Company will be subject to reporting pursuant to the Subpart 1300 provisions which differ from the requirements of NI 43 101 and the CIM Definition Standards the mineral reserve and mineral resource estimates and related information in this news release may not be comparable to similar information made public by U.S companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder (5) The Company’s mineral resource and mineral reserve estimates were prepared under the supervision of and verified by Mr who is a qualified person as defined by NI 43‑101 (6) The Company’s normal data verification procedures have been used in collecting interpreting and processing the data used to estimate mineral reserves and mineral resource (7) Rounding of values to the 000s may result in apparent discrepancies (8) Round Mountain refers to the Round Mountain project which includes the Round Mountain deposit and the Gold Hill deposit The Round Mountain deposit does not contain silver and all silver resources at Round Mountain are contained exclusively within the Gold Hill deposit Disclosure of gold mineral reserves and mineral resources reflect both the Round Mountain deposit and the Gold Hill deposit Disclosure of silver mineral reserves and mineral resources reflect only the Gold Hill deposit (9) Includes mineral resources and mineral reserves from the Puren deposit in which the Company holds a 65% interest; as well as mineral resources from the Catalina deposit (10) Mineral resources are exclusive of mineral reserves the Company’s mineral resources are estimated using appropriate cut-off grades based on a gold price of $2,000 per ounce and a silver price of $25.00 per ounce Foreign exchange rates for estimating mineral resources were the same as for mineral reserves (12) The mineral resource estimates for Lobo Marte assume a $1,600 per ounce gold price and are based on the 2021 Feasibility Study (13) Mineral resources that are not mineral reserves do not have to demonstrate economic viability Mineral resources are subject to infill drilling Due to the uncertainty associated with inferred mineral resources it cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to indicated or measured mineral resources including as a result of continued exploration (14) The mineral resource estimates for Great Bear assume a $1,700 per ounce gold price and foreign exchange rate assumption of 1.35 CAD per 1.00 USD and are based on the 2024 Preliminary Economic Assessment Mineral Reserve and Mineral Resource Definitions A ‘Mineral Resource’ is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form grade or quality and quantity that there are reasonable prospects for eventual economic extraction continuity and other geological characteristics of a Mineral Resource are known estimated or interpreted from specific geological evidence and knowledge An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling Geological evidence is sufficient to imply but not verify geological and grade or quality continuity An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which quantity shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit Geological evidence is derived from adequately detailed and reliable exploration sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve A ‘Measured Mineral Resource’ is that part of a Mineral Resource for which quantity and physical characteristics are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit Geological evidence is derived from detailed and reliable exploration sampling and testing and is sufficient to confirm geological and grade or quality continuity between points of observation A Measured Mineral Resource has a higher level of confidence than that applying to either an Indicated Mineral Resource or an Inferred Mineral Resource It may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve A ‘Mineral Reserve’ is the economically mineable part of a Measured and/or Indicated Mineral Resource It includes diluting materials and allowances for losses which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors The reference point at which Mineral Reserves are defined usually the point where the ore is delivered to the processing plant in all situations where the reference point is different a clarifying statement is included to ensure that the reader is fully informed as to what is being reported The public disclosure of a Mineral Reserve must be demonstrated by a Pre-Feasibility Study or Feasibility Study A ‘Probable Mineral Reserve’ is the economically mineable part of an Indicated The confidence in the Modifying Factors applying to a Probable Mineral Reserve is lower than that applying to a Proven Mineral Reserve A ‘Proven Mineral Reserve’ is the economically mineable part of a Measured Mineral Resource A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors drilling results for the upper zone continue to show good grades and strong widths Figure 2: High-grade resource growth at Curlew Basin Cautionary statement on forward-looking information contained or incorporated by reference in this news release including any information as to the future financial or operating performance of Kinross constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws including the provisions of the Securities Act (Ontario) and the provisions for “safe harbor” under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release Forward-looking statements contained in this news release those under the headings (or headings that include) “2024 full-year results and 2025 guidance” as well as statements with respect to our guidance for production and capital expenditures; statements with respect to our forecasts for cash flow and free cash flow; the declaration payment and sustainability of the Company’s dividends; the implementation of a share buyback; identification of additional resources and reserves or the conversion of resources to reserves; the Company’s liquidity; the Company’s plan to reduce debt; the schedules budgets and forecast economics for the Company’s development projects; budgets for and future plans for exploration development and operation at the Company’s operations and projects including the Great Bear project; the projected yearly gold production profile from both open pit and underground operations mill throughput and average grades at the Great Bear project; potential mine life extensions at the Company’s operations; the Company’s balance sheet and liquidity outlook as well as references to other possible events including operating costs; price inflation; capital expenditures costs and timing of the development of projects and new deposits estimates and the realization of such estimates (such as mineral or gold reserves and resources or mine life) or variations of or similar such words and phrases or statements that certain actions or will occur or result and similar such expressions identify forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that while considered reasonable by Kinross as of the date of such statements are inherently subject to significant business economic and competitive uncertainties and contingencies models and assumptions of Kinross referenced contained or incorporated by reference in this news release the various assumptions set forth herein and in our Management’s Discussion and Analysis (“MD&A”) for the year ended December 31 and the Annual Information Form dated March 27 2024 as well as: (1) there being no significant disruptions affecting the operations of the Company whether due to extreme weather events (including excessive or lack of rainfall) and other or related natural disasters labour disruptions (including but not limited to strikes or workforce reductions) pit wall slides or otherwise; (2) permitting operations and production from the Company’s operations and development projects being consistent with Kinross’ current expectations including without limitation: the maintenance of existing permits and approvals and the timely receipt of all permits and authorizations necessary for construction and operations; water and power supply and continued operation of the tailings reprocessing facility at Paracatu; permitting of the Great Bear project (including the consultation process with Indigenous groups) permitting and development of the Lobo-Marte project; in each case in a manner consistent with the Company’s expectations; and the successful completion of exploration consistent with the Company’s expectations at the Company’s projects; (3) political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations including including but not limited to amendments to the mining laws and potential power rationing and tailings facility regulations in Brazil (including those related to financial assurance requirements) potential amendments to water laws and/or other water use restrictions and regulatory actions in Chile potential amendments to minerals and mining laws and energy levies laws potential amendments to customs and mining laws (including but not limited to amendments to the VAT) and the potential application of the tax code in Mauritania potential amendments to and enforcement of tax laws in Mauritania (including application and enforcement of any such laws and amendments thereto) potential third party legal challenges to existing permits and the impact of any trade tariffs being consistent with Kinross’ current expectations; (4) the completion of studies and the results of those studies being consistent with Kinross’ current expectations; (5) the exchange rate between the Canadian dollar dollar being approximately consistent with current levels; (6) certain price assumptions for gold and silver; (7) prices for diesel electricity and other key supplies being approximately consistent with the Company’s expectations; (8) attributable production and cost of sales forecasts for the Company meeting expectations; (9) the accuracy of the current mineral reserve and mineral resource estimates of the Company and Kinross’ analysis thereof being consistent with expectations (including but not limited to ore tonnage and ore grade estimates) future mineral resource and mineral reserve estimates being consistent with preliminary work undertaken by the Company mine plans for the Company’s current and future mining operations and the Company’s internal models; (10) labour and materials costs increasing on a basis consistent with Kinross’ current expectations; (11) the terms and conditions of the legal and fiscal stability agreements for Tasiast being interpreted and applied in a manner consistent with their intent and Kinross’ expectations and without material amendment or formal dispute (including without limitation the application of tax customs and duties exemptions and royalties); (12) asset impairment potential; (13) the regulatory and legislative regime regarding mining electricity production and transmission (including rules related to power tariffs) in Brazil being consistent with Kinross’ current expectations; (14) access to capital markets including but not limited to maintaining our current credit ratings consistent with the Company’s current expectations; (15) potential direct or indirect operational impacts resulting from infectious diseases or pandemics; (16) changes in national and local government legislation or other government actions including the Canadian federal impact assessment regime; (17) litigation being concluded in a manner consistent with the Corporation’s expectations (including without limitation litigation in Chile relating to the alleged damage of wetlands and the scope of any remediation plan or other environmental obligations arising therefrom); (18) the Company’s financial results cash flows and future prospects being consistent with Company expectations in amounts sufficient to permit sustained dividend payments; and (19) the impacts of geotechnical instability at Round Mountain and Bald Mountain being consistent with the Company’s expectations Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and the resulting impact on market price to net asset value multiples; changes in various market variables that could impact the mark-to-market value of outstanding derivative instruments and ongoing payments/receipts under any financial obligations; risks arising from holding derivative instruments (such as credit risk market liquidity risk and mark-to-market risk); changes in national and local government legislation taxation (including but not limited to income tax or interest imposed in connection with such taxes) policies and regulations; the security of personnel and assets; political or economic developments in Canada Mauritania or other countries in which Kinross does business or may carry on business; business opportunities that may be presented to us; our ability to successfully integrate acquisitions and complete divestitures; operating or technical difficulties in connection with mining development or refining activities; employee relations; litigation or other claims against or regulatory investigations and/or any enforcement actions administrative orders or sanctions in respect of the Company (and/or its directors securities class action litigation in Canada and/or the United States environmental litigation or regulatory proceedings or any investigations enforcement actions and/or sanctions under any applicable anti-corruption international sanctions and/or anti-money laundering laws and regulations in Canada the United States or any other applicable jurisdiction; the speculative nature of gold exploration and development including the risks of obtaining and maintaining necessary licenses and permits; diminishing quantities or grades of reserves; adverse changes in our credit ratings; and contests over title to properties particularly title to undeveloped properties there are risks and hazards associated with the business of gold exploration flooding and gold bullion losses (and the risk of inadequate insurance Many of these uncertainties and contingencies can directly or indirectly affect Kinross’ actual results to differ materially from those expressed or implied in any forward-looking statements made by including but not limited to resulting in an impairment charge on goodwill and/or assets There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future All of the forward-looking statements made in this news release are qualified by this cautionary statement and those made in our other filings with the securities regulators of Canada and the United States including the cautionary statements made in the “Risk Analysis” section of our MD&A for the year ended December 31 and the “Risk Factors” set forth in the Company’s Annual Information Form dated March 27 These factors are not intended to represent a complete list of the factors that could affect Kinross Kinross disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements except to the extent required by applicable law Approximately 70%-80% of the Company's costs are denominated in U.S A 10% change in foreign currency exchange rates would be expected to result in an approximate $25 impact on attributable production cost of sales per equivalent ounce sold1,21 a 10% change in the exchange rate would be expected to result in an approximate $45 impact on Brazilian attributable production cost of sales per equivalent ounce sold1 a 10% change in the exchange rate would be expected to result in an approximate $50 impact on Chilean attributable production cost of sales per equivalent ounce sold1 A $10 per barrel change in the price of oil would be expected to result in an approximate $3 impact on attributable production cost of sales per equivalent ounce sold1 A $100 change in the price of gold would be expected to result in an approximate $5 impact on attributable production cost of sales per equivalent ounce sold1 as a result of a change in royalties ________________________21 Refers to all of the currencies in the countries where the Company has mining operations we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries The technical information about the Company’s mineral properties contained in this news release has been prepared under the supervision of Mr an officer of the Company who is a “qualified person” within the meaning of National Instrument 43-101 Figures accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/c2f65686-4e39-4727-b0da-8d4a4efe33e6 https://www.globenewswire.com/NewsRoom/AttachmentNg/95aee9dc-04ab-4413-acd4-3ddc5fc57ab0 Two Sigma Securities LLC lessened its position in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 82.0% in the fourth quarter according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC) The fund owned 14,378 shares of the mining company's stock after selling 65,474 shares during the period Two Sigma Securities LLC's holdings in Kinross Gold were worth $133,000 as of its most recent SEC filing A number of other large investors also recently made changes to their positions in the business Norges Bank purchased a new stake in shares of Kinross Gold during the 4th quarter worth about $280,697,000 Renaissance Technologies LLC grew its stake in shares of Kinross Gold by 10.9% during the fourth quarter Renaissance Technologies LLC now owns 32,862,230 shares of the mining company's stock valued at $304,633,000 after acquiring an additional 3,224,455 shares in the last quarter Mediolanum International Funds Ltd purchased a new stake in Kinross Gold during the 4th quarter worth approximately $2,506,000 Truist Financial Corp raised its holdings in Kinross Gold by 48.2% in the fourth quarter Truist Financial Corp now owns 302,057 shares of the mining company's stock valued at $2,800,000 after acquiring an additional 98,196 shares in the last quarter DJE Kapital AG bought a new position in shares of Kinross Gold during the fourth quarter worth about $3,723,000 Hedge funds and other institutional investors own 63.69% of the company's stock KGC traded down $0.14 during trading on Friday a current ratio of 2.01 and a quick ratio of 0.83 has a fifty-two week low of $6.67 and a fifty-two week high of $15.46 The stock's 50-day simple moving average is $12.76 and its two-hundred day simple moving average is $11.17 The stock has a market cap of $17.31 billion Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Wednesday The mining company reported $0.20 earnings per share for the quarter missing analysts' consensus estimates of $0.23 by ($0.03) Kinross Gold had a net margin of 18.43% and a return on equity of 12.65% equities research analysts expect that Kinross Gold Co The company also recently announced a quarterly dividend Kinross Gold's payout ratio is presently 15.58% Several analysts have weighed in on the stock Scotiabank reiterated an "outperform" rating on shares of Kinross Gold in a research note on Monday Raymond James boosted their price target on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday National Bankshares reiterated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday CIBC increased their price target on Kinross Gold from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday four have assigned a buy rating and three have assigned a strong buy rating to the company the stock currently has an average rating of "Buy" and a consensus target price of $13.30 Read Our Latest Research Report on KGC Almost everyone loves strong dividend-paying stocks Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings Enter your email to get this report and avoid a high-yield dividend trap Perth & Kinross Council has authorised a £170,000 cash injection for Culture Perth & Kinross the charity that manages its cultural services which runs several sites in the city including the new Perth Museum is facing a deficit that is “significantly more” than originally budgeted for according to a report to the council’s finance committee The deficit partly stems from additional costs relating to pay and historic equal pay claims as well as high running costs at the trust’s venues The museum opened in March 2024 after a £27.2m development The trust reported to the council in November that the new museum's in-house café was running at a loss due to high overheads The trust has been unable to find a private operator to run the café despite putting the contract out to tender twice ahead of the museum's opening The council agreed last year to underwrite £230,000 in potential upfront costs for the café The trust used £60,000 to pay for fixtures and fittings in the café but the remaining £170,000 was not required at the time Councillors agreed this week that the remaining funds could be allocated to the trust if needed The council report said: “Culture Perth and Kinross are currently projecting a deficit for 2024/25 that is significantly more than the level originally budgeted They have experienced additional costs relating to the current year pay award to historic equal pay claims and to the running costs of their establishments Culture Perth & Kinross will have negative unrestricted reserves as at 31 March 2025 Council officers will continue to work with Culture Perth & Kinross to provide support and challenge but ultimately there may be a requirement to provide additional funding in the current year.” Culture Perth & Kinross reported in January that 225,000 people had visited Perth Museum since it opened last year including more than 78,150 visitors to see the Stone of Destiny Most Museums Journal content is only available to members Join the MA to get full access to the latest thinking and trends from across the sector Perth and Kinross Council chiefs want all of the authority’s heavy goods vehicles to run on vegetable oil by the end of this year It follows successful trials of hydrotreated vegetable oil (HVO) in bin lorries The green fuel will now be expanded to all 26 refuse collection vehicles in Perth and Kinross The council has 80 HGVs in total across its fleet despite a plea to scrap it and spend the £100,000 cost on rural buses instead HVO costs about 15p more per litre than diesel But bosses say the scheme could reduce the authority’s carbon footprint by 725 tonnes of CO2 a year Councillor David Illingworth compared the proposal to “trying to whistle in a hurricane” in the era of Donald Trump and Chinese industrialisation “It will have virtually zero impact on carbon reduction across the globe,” he told colleagues on the climate change and sustainability committee “And at the same time we are incurring extra costs that we just don’t need to have.” his motion to divert the money towards enhancing rural bus routes was defeated by seven votes to four The committee’s convener Richard Watters said it was “a dangerous message to send” Perth and Kinross Council agreed to trial the use of vegetable oil instead of diesel in six bin lorries last February The experiment was a success The HVO expansion is part of a five-year fleet decarbonisation strategy agreed by councillors on Wednesday It also outlines ambitions around technologies such as electric and hydrogen it’s hoped the Binn Ecopark Hydrogen Facility being developed by Green Cat Energy at Glenfarg could make hydrogen a viable option within the next few years The size and rural nature of Perth and Kinross means there’s still a limit to the usefulness of electric vehicles But bosses want the vehicle pool to increase to 15% electric (around 30 EVs) over the next five years A report to the committee said: “The most appropriate strategic approach will include options for electric HVO and a smaller number of diesel vehicles as a backup support for outlying areas.” Comments are currently disabled as they require cookies and it appears you've opted out of cookies on this site. To participate in the conversation, please adjust your cookie preferences in order to enable comments Precious MetalsAll Metal Quotes A domestic thug has been denied access to a “pioneering” rehabilitation scheme because he continues to deny his abusive behaviour Kristofer Clayton was convicted of throttling a woman and pinning her to the floor during a terrifying attack at a house in Kinross Clayton told police the allegations were “a lot of rubbish” After a three-day trial at Perth Sheriff Court he was convicted of six charges related to domestic abuse involving two women He narrowly avoided a prison sentence when he returned to the dock for sentencing Sheriff Grant McCulloch told him: “You have been interviewed by – and had discussions with – social workers “Their report confirms you really have no insight into your behaviour “You maintain denials – it’s always someone else’s fault and nothing to do with you.” The sheriff said because Clayton refused to take responsibility, the Caledonian rehabilitation scheme was unavailable to him He said: “That programme is extremely beneficial for people who have been involved in domestic abuse but that is not going to work for you Clayton was told had the jury convicted him of all charges – including allegations of sexual assault – jail would have been “inevitable” particularly the sexual offence allegations I am satisfied there is an alternative to custody,” the sheriff said Clayton was placed on supervision for two years and ordered to carry out 250 hours of unpaid work He must also stay inside his Sauchie home between 9pm and 8am each night as part of a four-month restriction of liberty order Jurors heard how the first offender attacked one of his victims at a house in Kinross She told the trial how her foot was injured by a door when Clayton barged though it “He started arguing because I asked him to leave “We both said hurtful things to each other “Then he hit a point of rage like I’d never seen before “He grabbed my neck with both hands and started choking me.” She remembered him applying pressure as he squeezed her throat “I could feel myself coughing and choking for air The woman told prosecutor Stephanie Paterson Clayton held her by the throat for about 20 to 30 seconds She said he pinned her on the floor “by the neck” “I lost my balance and I remember he was on all fours on top of me “He pulled down my jeans and then he tried to pull down my pants “I grabbed them and he ripped them up the side Her torn black underwear was removed from an evidence bag and shown to jurors She said there was a visible mark on her neck for days The woman alleged Clayton sexually assaulted her but this was deleted from the charge by jurors when they delivered their verdict Clayton was further convicted of engaging in a course of abusive behaviour towards the same woman The court heard how he would act aggressively towards her repeatedly send unwanted text messages and threatened to kill himself He repeatedly went to her home uninvited and waited if she was not there The court also heard how Clayton made up fake accounts to reach his victim on Snapchat and broke bail conditions by attempting to contact her Clayton was also found guilty of assaulting another woman at addresses in Sauchie On various occasions he injured the woman by grabbing her pushing her onto a bed and punching the it next to her head He made derogatory comments about her physical appearance For more local court content visit our page or join us on Facebook Dimensional Fund Advisors LP increased its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 1.7% during the fourth quarter according to its most recent filing with the Securities and Exchange Commission (SEC) The firm owned 9,419,382 shares of the mining company's stock after acquiring an additional 160,755 shares during the quarter Dimensional Fund Advisors LP owned approximately 0.77% of Kinross Gold worth $87,310,000 at the end of the most recent quarter Other institutional investors have also modified their holdings of the company Te Ahumairangi Investment Management Ltd raised its stake in shares of Kinross Gold by 6.4% during the third quarter Te Ahumairangi Investment Management Ltd now owns 298,800 shares of the mining company's stock worth $2,786,000 after purchasing an additional 18,000 shares during the last quarter Wilmington Savings Fund Society FSB purchased a new position in Kinross Gold during the 3rd quarter worth $248,000 Tidal Investments LLC lifted its stake in shares of Kinross Gold by 354.9% in the 3rd quarter Tidal Investments LLC now owns 48,068 shares of the mining company's stock worth $450,000 after acquiring an additional 37,502 shares during the period boosted its holdings in shares of Kinross Gold by 0.6% in the third quarter now owns 1,080,957 shares of the mining company's stock valued at $10,804,000 after acquiring an additional 6,634 shares in the last quarter DGS Capital Management LLC acquired a new position in shares of Kinross Gold during the third quarter worth about $138,000 NYSE KGC traded down $0.14 during mid-day trading on Friday 15,352,890 shares of the stock were exchanged The stock has a market capitalization of $17.31 billion has a 1-year low of $6.67 and a 1-year high of $15.46 The business's fifty day simple moving average is $12.76 and its 200 day simple moving average is $11.17 Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Wednesday research analysts anticipate that Kinross Gold Co will post 0.81 earnings per share for the current fiscal year The firm also recently declared a quarterly dividend The ex-dividend date of this dividend was Wednesday Kinross Gold's dividend payout ratio (DPR) is 15.58% four have given a buy rating and three have assigned a strong buy rating to the stock the stock presently has an average rating of "Buy" and an average price target of $13.30 Read Our Latest Stock Analysis on Kinross Gold Which stocks are hedge funds and endowments buying in today's market Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now PDT Partners LLC reduced its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 41.0% during the fourth quarter according to the company in its most recent 13F filing with the Securities and Exchange Commission The firm owned 66,254 shares of the mining company's stock after selling 46,000 shares during the quarter PDT Partners LLC's holdings in Kinross Gold were worth $614,000 at the end of the most recent reporting period Other hedge funds and other institutional investors have also recently made changes to their positions in the company Jones Financial Companies Lllp increased its position in Kinross Gold by 109.3% during the 4th quarter Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after buying an additional 1,412 shares in the last quarter Mark Sheptoff Financial Planning LLC raised its position in shares of Kinross Gold by 30.4% in the 4th quarter Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the last quarter bought a new position in Kinross Gold in the 4th quarter worth about $42,000 Global Retirement Partners LLC grew its position in Kinross Gold by 747.0% during the 4th quarter Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares during the last quarter Avior Wealth Management LLC increased its stake in Kinross Gold by 246.3% during the 4th quarter Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares in the last quarter four have given a buy rating and three have given a strong buy rating to the company the stock currently has an average rating of "Buy" and an average target price of $13.30 View Our Latest Stock Analysis on KGC Shares of KGC stock traded down $0.14 during mid-day trading on Friday 15,352,890 shares of the company's stock traded hands The firm has a market capitalization of $17.31 billion has a 12 month low of $6.67 and a 12 month high of $15.46 The firm has a 50 day moving average price of $12.76 and a two-hundred day moving average price of $11.17 Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results on Wednesday research analysts forecast that Kinross Gold Co This represents a $0.12 annualized dividend and a yield of 0.85% Kinross Gold's dividend payout ratio is currently 15.58% Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise Kinross Gold (TSX:K) is taking the next steps in permitting process approvals having completed a Preliminary Economic Assessment (PEA) for the Great Bear Project located in Red Lake The PEA supports the company’s acquisition thesis of a “top tier high-margin operation in a stable jurisdiction with strong infrastructure” Kinross is continuing to progress work across the project for both the advanced exploration program (AEX) and the main project. Both remain subject to permitting AEX permitting is a provincial process and Kinross is working with the authorities on finalising permits.  The main project’s permitting is mainly a federal review process driven by the Impact Assessment Agency of Canada (IAAC), with some provincial permitting components. An Impact Statement is currently in process and is expected to be submitted to the IAAC next year.  The company is targeting to start surface works in 2024 subject to receiving provincial permits.  Kinross has also actively engaged and consulted with Indigenous communities and organisations and has started negotiations of a project agreement with its First Nations partners Lac Seul and Wabauskang Based on mineral resources drilled to date the PEA outlines a “high-grade” combined open pit and underground mine with an initial planned mine life of about 12 years and production cost of sales of C$594 per ounce The project is expected to produce more than 500,000 ounces per year at an all-in sustaining cost (AISC) of US$800 ($1,201) per ounce during the first eight years through a conventional modest capital 10,000-tonne-per-day (tpd) mill The total initial construction capital is forecast to be US$1.2 billion Capitalised mine development prior to commercial production is expected to be about US$250 million comprising US$105 million related to open pit mining and US$143 million related to underground capital development which will support higher production in the early years The majority of the capitalised open pit mining is driven by the strategic decision to pull forward mining of the Viggo pit during construction to provide low-cost construction rock early mill feed and a robust in-pit solution for the tailings concentrate The company says the project’s capital requirements are expected to be manageable for Kinross and are forecasted within its planned annual capex profile in the range of US$1 billion “Kinross is confident it can continue to prioritise its investment grade balance sheet and comfortably fund Great Bear along with other planned capital spending,” the company reports Kinross has also released an updated mineral resource estimate increasing the inferred resource by 568,000oz to 3.884Moz which is in addition to the existing measured and indicated resource estimate of 2.738Moz The PEA demonstrates an initial life-of-mine of some 12 years with total production of 5.3Moz of gold The open pit will be mined with a dual fleet strategy to provide selective mining of the high-grade material and lower cost mining of the waste and providing a peak of 9,000 tpd of mineralised material the primary mining method is long hole open stoping with paste backfill and cemented rock fill First stope production is expected to begin in 2029 and to continue for 12 years with a peak production rate of 6,000 tpd with potential to expand beyond this run rate as extensions to the underground resource are targeted Write to Adam Orlando at Mining.com.au Unico Silver makes ‘multiple new discoveries’ at Cerro Leon Unico Silver (ASX:USL) says the final results from phase-two diamond drilling at.. 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ASX shifts down a gear Stay Informed on up-to-the-minute mining news Get the best articles straight to your inbox ASX ends winning streak as energy sector tumbles05 May Military Metals discusses antimony exploration in Slovakia05 May Unico Silver makes ‘multiple new discoveries’ at Cerro Leon05 May Critica readies to drill satellite rare earths targets    05 May supported by a technical committee with equal representation from both companies Kinross Gold has entered into an option agreement with Puma Exploration to expand its exploration efforts in Canada The agreement grants Kinross the option to earn a 65% interest in Puma’s project near the Bathurst mining camp by funding at least $16.75m (C$23.19m) in exploration over five years This includes a firm commitment to drill at least 5,000m within the first 18 months Puma will remain the operator and will be assisted by a technical committee with equal representation from both companies Puma will receive management fees based on annual exploration expenditures with Kinross holding a 65% interest and Puma 35% Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis Both parties are required to contribute proportionally to their interests or face dilution If a partner’s stake falls below 10% it will convert to a 2% net smelter returns royalty with the option for Kinross to purchase half of this for $1.5m the companies have agreed on an investor rights agreement allowing Kinross to maintain its ownership percentage or increase it up to 19.9% in future equity financings The completion of the option agreement and the offering are subject to the approval of the TSX Venture Exchange Kinross has agreed to a private placement of Puma’s treasury common shares acquiring approximately 9.9% of the company for $1.01m The funds from this offering will be used by Puma for exploration and general corporate purposes Puma Exploration president and CEO Marcel Robillard said: “We believe in the region’s potential to host Canada’s next major gold camp the first major gold producer to establish a presence in New Brunswick “I look forward to working with its first-in-class exploration and development team to grow the region’s potential” Last month, Kinross finished a preliminary economic assessment for its Great Bear gold project in Red Lake Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network The Manufacturers Life Insurance Company reduced its stake in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 11.8% during the 4th quarter according to the company in its most recent filing with the Securities and Exchange Commission (SEC) The fund owned 6,258,527 shares of the mining company's stock after selling 836,095 shares during the period The Manufacturers Life Insurance Company owned 0.51% of Kinross Gold worth $58,202,000 as of its most recent SEC filing Other institutional investors and hedge funds also recently added to or reduced their stakes in the company Jones Financial Companies Lllp boosted its position in shares of Kinross Gold by 109.3% during the 4th quarter Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,412 shares during the last quarter Mark Sheptoff Financial Planning LLC raised its stake in Kinross Gold by 30.4% during the fourth quarter Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares during the period acquired a new position in Kinross Gold in the 4th quarter valued at about $42,000 Global Retirement Partners LLC grew its stake in shares of Kinross Gold by 747.0% in the 4th quarter Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after buying an additional 4,788 shares during the period Avior Wealth Management LLC increased its holdings in shares of Kinross Gold by 246.3% during the 4th quarter Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after buying an additional 5,140 shares during the last quarter Institutional investors and hedge funds own 63.69% of the company's stock Shares of KGC traded down $0.14 during mid-day trading on Friday 15,352,890 shares of the company's stock were exchanged The stock's 50-day moving average is $12.76 and its 200-day moving average is $11.17 sell-side analysts anticipate that Kinross Gold Co The business also recently announced a quarterly dividend March 5th were paid a dividend of $0.03 per share KGC has been the subject of several analyst reports. StockNews.com upgraded Kinross Gold from a "buy" rating to a "strong-buy" rating in a research report on Friday Scotiabank reiterated an "outperform" rating on shares of Kinross Gold in a report on Monday National Bankshares restated an "outperform" rating on shares of Kinross Gold in a report on Wednesday Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday four have issued a buy rating and three have assigned a strong buy rating to the company the company currently has a consensus rating of "Buy" and an average target price of $13.30 Read Our Latest Report on Kinross Gold Wondering what the next stocks will be that hit it big Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Kinross Gold has reported net earnings of US$994 million in 2024 on revenue of $5.1 billion a 139% increase over the $415.4 million achieved in 2023 Earnings per share were 77c versus 34c in 2023