Kinross Gold

Allegiant Gold Announces a C$4.0 Million Strategic Investment by Kinross Gold Corporation for Exploration at the Eastside Property

Retrieved on: 
Monday, March 14, 2022
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RENO, Nev., March 14, 2022 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (Allegiant or the Company) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce a C$4,014,404 financing and strategic investment by Kinross Gold Corporation (Kinross) (NYSE: KGC, TSX: K) which will accelerate the exploration and development activities at the Eastside property in Nevada.

Key Points: 
  • RENO, Nev., March 14, 2022 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (Allegiant or the Company) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce a C$4,014,404 financing and strategic investment by Kinross Gold Corporation (Kinross) (NYSE: KGC, TSX: K) which will accelerate the exploration and development activities at the Eastside property in Nevada.
  • Kinross operates the Round Mountain gold mine, located across the valley from Allegiants Eastside project.
  • The strategic investment by Kinross calls for the formation of a four-person Technical Advisory Committee comprised of two members from each company.
  • Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

Kinross pours first gold bar at La Coipa

Retrieved on: 
Wednesday, March 9, 2022
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Forward-looking statements contained in this news release include, without limitation, statements with respect to: the ramp up of the La Coipa plant and the anticipated timing for reaching full operating capacity; expected life of mine production; the anticipated life of mine of La Coipa; the timing of pre-stripping at Puren; and the potential for possible expansions of the operation.

Key Points: 
  • Forward-looking statements contained in this news release include, without limitation, statements with respect to: the ramp up of the La Coipa plant and the anticipated timing for reaching full operating capacity; expected life of mine production; the anticipated life of mine of La Coipa; the timing of pre-stripping at Puren; and the potential for possible expansions of the operation.
  • Many of these risks and uncertainties and contingencies can affect, and could cause, Kinross actual results to differ materially from those expressed or implied in any forward looking statements made by, or on behalf of, Kinross.
  • These factors are not intended to represent a complete list of the factors that could affect Kinross.
  • Where we say "we", "us", "our", the "Company", or "Kinross" in this news release, we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may be applicable.

Kinross announces US$1.0 billion term loan

Retrieved on: 
Monday, March 7, 2022
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TORONTO, March 07, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (Kinross) announced today that it has arranged a new US$1.0 billion term loan.

Key Points: 
  • TORONTO, March 07, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (Kinross) announced today that it has arranged a new US$1.0 billion term loan.
  • The three-year term loan will mature on March 7, 2025, has no mandatory amortization payments, and has a flexible repayment schedule.
  • Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile, Ghana and Canada.
  • Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Argonaut Gold Announces the Appointment of Larry Radford as President, Chief Executive Officer and Director

Retrieved on: 
Monday, March 7, 2022
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TORONTO, March 7, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce the appointment of Larry Radford as President, Chief Executive Officer and Director effective March 21, 2022.

Key Points: 
  • TORONTO, March 7, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce the appointment of Larry Radford as President, Chief Executive Officer and Director effective March 21, 2022.
  • Most recently, Mr. Radford served as the Chief Operating Officer of Gold Standard Ventures Corporation, where he was responsible for the leading the development of the South Railroad Project, including permitting, feasibility studies and exploration.
  • On behalf of the entire board of directors, I welcome Larry to the Argonaut team and look forward to working with him."
  • Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production.

Adamera Minerals Corp. Discusses Significant Data Package Acquisition and High-Grade Gold Potential with The Stock Day Podcast

Retrieved on: 
Thursday, March 3, 2022
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"Our focus is on gold in Washington state, which is an area with high-grade gold," said Kolebaba.

Key Points: 
  • "Our focus is on gold in Washington state, which is an area with high-grade gold," said Kolebaba.
  • Jolly then asked about the Company's recently acquired data package from Kinross Gold Corp. "We felt we were getting around $3 million worth of data that might push us forward," said Kolebaba.
  • "When we finally received the data, we put a value on that data of about $15 million, which included a lot of drilling data, airborne data, and soiling sampling information," he shared.
  • "I think we are absolutely undervalued," said Kolebaba, noting the price of gold, as well as the Company's recently acquired data package.

Kinross to suspend Russian operations

Retrieved on: 
Wednesday, March 2, 2022
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The Company today is announcing a donation of $1,000,000 to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal to assist those people most in need.

Key Points: 
  • The Company today is announcing a donation of $1,000,000 to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal to assist those people most in need.
  • Kinross is hopeful for a peaceful and diplomatic solution in Ukraine.
  • Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile, Ghana and Canada.
  • Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Kinross completes acquisition of Great Bear Resources

Retrieved on: 
Thursday, February 24, 2022
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The closing of the acquisition of Great Bear Resources represents a milestone for Kinross as we advance our future growth strategy.

Key Points: 
  • The closing of the acquisition of Great Bear Resources represents a milestone for Kinross as we advance our future growth strategy.
  • Under the terms of the Arrangement, Great Bear shareholders were provided the right to elect to receive C$29.00 in cash for each Great Bear common share (Great Bear Share) or 3.8564 Kinross common shares (Kinross Share) per Great Bear Share, both subject to pro-ration to a maximum cash consideration of approximately US$1.1 billion (C$1.4 billion) and a maximum of 80,773,353 Kinross Shares.
  • The Arrangement also includes a payment of contingent consideration in the form of one contingent value right (CVR) per Great Bear Share that may be exchanged for 0.1330 of a Kinross Share per Great Bear Share.
  • In aggregate, Kinross will pay approximately C$1.35 billion in cash and issueapproximately 49.3 million Kinross shares and approximately 59.3 million CVRs to Great Bear securityholders under the Arrangement.

Contango ORE Announces Revised Budget for Manh Choh Project

Retrieved on: 
Friday, February 18, 2022
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Contango ORE, Inc. (CORE or the Company) (NYSE American: CTGO) announced today that it had received updates to the projected 2022 budget for Peak Gold, LLC ("Peak Gold JV"), in which the Company holds a non-controlling 30% interest.

Key Points: 
  • Contango ORE, Inc. (CORE or the Company) (NYSE American: CTGO) announced today that it had received updates to the projected 2022 budget for Peak Gold, LLC ("Peak Gold JV"), in which the Company holds a non-controlling 30% interest.
  • Peak Gold JV plans to mine ore from the Main and North Manh Choh deposits located within the State of Alaska (the "Manh Choh Project").
  • The Manager explained that the decrease is due to a revised work plan resulting from recent impacts of inflation, contractor and labor market constraints in Alaska.
  • CORE does not assume any obligation to update forward-looking statements should circumstances or managements estimates or opinions change.

Great Bear Obtains Final Order for Plan of Arrangement from the Supreme Court of British Columbia and Provides Transaction Update

Retrieved on: 
Thursday, February 17, 2022
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Great Bear securityholders who did not make an election will receive the All Cash Consideration, subject to pro-ration.

Key Points: 
  • Great Bear securityholders who did not make an election will receive the All Cash Consideration, subject to pro-ration.
  • Great Bear shareholders who elected to receive the All Share Consideration will not be subject to pro-ration.
  • The pro-ration set forth above is subject to changes in the issued and outstanding Great Bear Shares prior to the effective date of the Transaction.
  • Following completion of the Transaction, the Great Bear Shares are expected to be delisted from the TSX-Venture Exchange and the OTCQX.

Kinross declares quarterly dividend

Retrieved on: 
Wednesday, February 16, 2022
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TORONTO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (the Company) today announced that the Companys Board of Directors has declared a dividend of US$0.03 per common share for the fourth quarter of 2021.

Key Points: 
  • TORONTO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (the Company) today announced that the Companys Board of Directors has declared a dividend of US$0.03 per common share for the fourth quarter of 2021.
  • The dividend is payable on March 24, 2022 to shareholders of record as of the close of business on March 9, 2022.
  • This dividend qualifies as an eligible dividend for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
  • Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana.