Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Commodities  >  Gold       XAUUSD

GOLD

SummaryQuotesChartsNews 
SummaryMost relevantAll NewsMarketScreener Strategies

Kinross Gold reaffirms production growth on rising output, falling costs

10/20/2020 | 10:02am EST
People look on during the Kinross Gold Corporation annual general meeting for shareholders in Toronto

(Reuters) - Canadian gold miner Kinross Gold Corp said on Tuesday it expects to produce about 2.5 million gold equivalent ounces annually from 2020-2029, citing growing output across its mines and declining costs.

Kinross in September said it expected to increase production by 20% from 2021-2023, with an estimated output of 2.4 million gold equivalent ounces in 2021, 2.7 million gold equivalent ounces in 2022 and 2.9 million gold equivalent ounces in 2023. "Our growing production profile and declining cost trend over the next three years are expected to drive strong free cash flow performance, placing Kinross in an excellent position to generate substantial value for our shareholders," Chief Executive Officer J. Paul Rollinson said in a statement.

Kinross is also considering moving its primary stock listing to London and selling its North and South American gold mines, according to a Globe and Mail report last week, citing three sources familiar with the discussions.

(Reporting by Shradha Singh in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.54% 1826.66 Delayed Quote.23.38%
KINROSS GOLD CORPORATION -4.68% 9.37 Delayed Quote.59.58%
SILVER -0.39% 23.4369 Delayed Quote.35.74%
All news about GOLD
04:16aGlobal stocks rise as investors cheer Biden transition, vaccine progress
RE
03:53aPOLYUS : Board Approves Buyback Program
DJ
02:44aGold falls on hopes for vaccine, smooth Biden transition
RE
02:41aGold mining emissions draw scrutiny after price surge
RE
02:31aChina Shanghai Gold Futures Closing Prices, Volume
DJ
01:32aMining industry making headway on zero emissions truck fleet - ICMM
RE
11/23Stocks shoot up as vaccine progress, Biden transition boost confidence
RE
11/23Materials Up Amid Dollar Weakness -- Materials Roundup
DJ
11/23Gold mining emissions draw scrutiny after price surge
RE
11/23Turkey Raises Gold Holdings in October - IMF
RE
More news
Chart GOLD
Duration : Period :
Gold Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GOLD
Short TermMid-TermLong Term
TrendsBearishNeutralBullish