Kitco MINING
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Kitco MINING
Gold Market Strength Opens New Opportunities Across Kinross’ Global Portfolio
Kinross Gold (TSX: K; NYSE: KGC) CEO Paul Rollinson joins Kitco Mining at the NBF CEO Mining Conference in London to discuss another solid year for the company. Kinross reported 500,000 ounces of gold equivalent in Q3, lifting its cash position above US$1.7 billion, delivering almost US$700 million in free cash flow, and becoming net cash on the balance sheet. The company increased its dividend by 17 percent, expanded its buyback program by US$100 million, and announced the redemption of US$500 million of 2027 notes. As Rollinson puts it, “for us it's all about meeting our guidance, and we've got a long track record of doing what we say we do.”
Rollinson also outlines the company’s long-standing capital allocation framework and says stronger gold prices are unlocking more optionality across Kinross’ portfolio, supported by 22 million ounces of proven and probable reserves, 26 million ounces of measured and indicated resources, and 13 million ounces inferred. He highlights upcoming catalysts, including the Phase X study at Round Mountain, updates at Bald Mountain and Red Bird, and continued permitting progress at Great Bear. In Chile, Kinross’ water strategy underpins the planned transition from La Coipa to the higher-grade Lobo project.
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