Past year: ▼ 0%(23.10 – 36.99 USD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Mar 2026resource reserve update● Neutral
Filed an updated Paracatu technical report as at December 2025: proven and probable reserves of 399.6 million tonnes at 0.38 g/t for 4.839 million ounces supporting mining to 2034, with 3.522 million ounces of measured and indicated resources outside reserves at a US$2,500 gold assumption. A very large, very low grade orebody whose economics move with the gold price rather than with grade.
27 Mar 2025resource reserve update● Neutral
Filed an updated Tasiast technical report as at December 2024: proven and probable reserves of 102.8 million tonnes at 1.42 g/t for 4.705 million ounces, of which 1.361 million ounces sit in stockpiles, with a further 2.144 million ounces of measured and indicated and 1.632 million inferred resources outside reserves. The reserve is priced at a US$1,600 gold assumption.
10 Sept 2024resource reserve update● Neutral
The supporting NI 43-101 technical report for the Great Bear preliminary economic assessment, filed the same day as the results.
10 Sept 2024resource reserve update▲ GoodMajor
The Great Bear preliminary economic assessment set out a combined open pit and underground mine of about twelve years, producing over 500,000 ounces a year at US$594 cost of sales and roughly US$800 all-in sustaining cost in the first eight years. Kinross also reported drilling below the resource used in the study.
5 Sept 2024resource reserve update● Neutral
A scheduling notice that the Great Bear preliminary economic assessment would be released on 10 September 2024.
13 Feb 2023resource reserve update● Neutral
The supporting NI 43-101 technical report for Great Bear, filed the same day as the initial resource announcement.
13 Feb 2023resource reserve update▲ GoodMajor
Declared Great Bear's first mineral resource a year after acquiring it: 2.737 million ounces indicated at 2.57 g/t over 33.1 million tonnes in an open pit, plus 2.290 million inferred, of which 1.684 million ounces is underground at 4.50 g/t.
7 Apr 2022drilling result▲ Good
First development update on the Great Bear project since closing, with assays from 60 holes in the LP Fault zone including 10.25m at 15.10 g/t in hole BR-481. Kinross framed the results as confirming mineralisation ahead of an initial inferred resource at year end and a pre-feasibility study in 2023, not as a discovery in themselves.
15 July 2020resource reserve update▲ GoodMajor
The Lobo-Marte pre-feasibility in Chile added 6.4 million ounces of reserves, about a 25% increase on the company total, on 147 million tonnes at 1.35 g/t with 71% recovery, 4.5 million ounces produced over 15 years at US$545 cost of sales and US$745 all-in sustaining cost. Reserve growth from a shelved project brought back rather than from the drill bit.
10 Mar 2020resource reserve update▲ GoodMajor
Filed a new Paracatu technical report lifting expected life-of-mine production about 24% against the 2014 report, to an average 540,000 ounces a year from 2020 to 2031, and adding 828,000 ounces of reserves plus 1.1 million ounces of measured and indicated resources. The gain came from a grade-control and optimisation programme run through 2018-2019 rather than from new discovery.
31 Oct 2019resource reserve update● Neutral
Filed the updated Tasiast technical report covering both the current operation and the newly approved 24k throughput project, on reserve and resource estimates as at December 2018.
16 Sept 2019resource reserve update▲ GoodMajor
Committed to the Tasiast 24k project, raising throughput to 24,000 tonnes a day for US$150 million of incremental capital, guided at 563,000 ounces a year over 2022-2028 at US$485 cost of sales and US$560 all-in sustaining cost with a 60% incremental return. A third, smaller step at Tasiast after the abandoned 38,000 tonne plan and the 12,000 tonne Phase One.
1 Aug 2019drilling result● NeutralMajor
Agreed to buy the Chulbatkan heap-leach development project in Russia from N-Mining for US$283 million fixed, split roughly US$113 million cash and US$170 million in Kinross shares, plus a 1.5% net smelter royalty and payments contingent on future reserve additions. Stated indicated resource was about 3.9 million ounces at the time of the deal.
12 June 2018resource reserve update▲ GoodMajor
Committed to the initial Gilmore expansion at Fort Knox for about US$100 million of initial capital plus US$60 million of capitalised stripping, extending mining to 2027 and leaching to 2030 and adding 1.51 million ounces at US$650 cost of sales and US$950 all-in sustaining cost. The supporting Fort Knox technical report was filed with it.
12 Dec 2017resource reserve update▲ GoodMajor
Gained mineral rights to the 287-hectare Gilmore parcel west of Fort Knox, adding 2.1 million ounces of measured and indicated and 300,000 ounces of inferred resources after 73,000 metres of drilling in 205 holes. About 260,000 ounces were converted to reserves, offsetting some of 2017 depletion and extending mine life by about a year.
19 Sept 2017resource reserve update● Neutral
Corrected the Round Mountain figures published the previous day, which had omitted stockpiles and misstated grade as something other than 0.7 g/t. Restated, the Phase W feasibility lifted Round Mountain proven and probable reserves from 1.3 million to 3.1 million ounces, about 2.0 million of that converted from indicated resources rather than newly found.
18 Sept 2017resource reserve update▲ GoodMajor
Committed to both the Tasiast Phase Two expansion to 30,000 tonnes per day and the Round Mountain Phase W layback. Phase Two is guided at about 812,000 ounces a year for five years at US$440 cost of sales and US$655 all-in sustaining cost, a 24% return and US$2.2 billion of life-of-mine cash flow.
5 Apr 2016resource reserve update● Neutral
Re-filed the Tasiast technical report first lodged on 30 March 2016 because an editing error affected two tables, one in the summary section and one in the economic analysis. Substance unchanged, correction only.
30 Mar 2016resource reserve update▲ GoodMajor
Committed to Tasiast Phase One, lifting mill throughput from 8,000 to 12,000 tonnes a day for about US$300 million, guided at 409,000 ounces a year over 2018-2027 at US$535 cost of sales and US$760 all-in sustaining cost for a 20% return. Three years after the 38,000 tonne-a-day feasibility study, Kinross built a fraction of it.
31 Mar 2015resource reserve update● Neutral
Filed technical reports for Fort Knox in Alaska and the Kupol-Dvoinoye complex in Russia, backing reserve and resource estimates already published in February 2015. Routine annual documentation filed with the 2014 annual report.
1 Apr 2014resource reserve update▲ GoodMajor
The Tasiast expansion feasibility study cut expected initial capital from the pre-feasibility US$2.7 billion to about US$1.6 billion and lifted reserves by 3.1 million ounces to 9.6 million, for average output of 848,000 ounces a year over five years at US$501 cash cost and a 17% return. Kinross did not commit to build it at this point.
31 Mar 2014resource reserve update● Neutral
Filed the supporting technical reports for Tasiast and Paracatu. The Tasiast report is the formal backing for the 38,000 tonne-per-day expansion case announced the same week; the Paracatu report covers the existing operation at its December 2013 reserve estimate.
25 Mar 2014resource reserve update● Neutral
A scheduling notice for the Tasiast expansion feasibility study results, due 31 March 2014.
30 Apr 2013resource reserve update● NeutralMajor
The Tasiast expansion pre-feasibility put a 30,000 tonne-per-day mill at roughly 830,000 ounces a year for five years, cash costs near US$500 an ounce and all-in sustaining costs near US$735, but at a capital cost of about US$2.7 billion for an 11% return. Kinross opted to study a larger 38,000 tonne-per-day mill instead.
23 Apr 2013resource reserve update● Neutral
A scheduling notice: results of the long-awaited Tasiast expansion pre-feasibility study would be published on 29 April 2013. No figures were given.
2 Apr 2012resource reserve update● Neutral
The full Tasiast technical report itself, effective 30 March 2012, filed alongside the 2011 annual report. It documents the mine as it then stood, six weeks after Kinross wrote US$2,490.1 million of Tasiast goodwill off its balance sheet.
2 Apr 2012resource reserve update● Neutral
Filed the National Instrument 43-101 technical report backing the Tasiast reserve and resource figures already published in February 2012. It covers only the existing 8,000 tonne-per-day operation and deliberately excludes every expansion scenario then under study.
31 May 2011resource reserve update▲ GoodMajor
Kinross filed a technical report on the Kupol mine in Russia, effective 9 May 2011. It confirms that on 27 April 2011 Kinross's subsidiary CMGC repurchased the 25% held by the Chukotka state enterprise, so Kinross now owns 100% of Kupol and the Kupol East-West licences. This resolves the pre-approval from late March 2011. Kinross's original 75% came from the Bema Gold purchase on 27 February 2007. Resource, reserve and economic figures are cut off in the text, so none are given here.
31 Mar 2011resource reserve update● NeutralMajor
Kinross filed a technical report on its wholly owned Tasiast mine in Mauritania, effective 31 December 2010, now prepared by Kinross itself rather than for Red Back as in August 2010. It states reserves of 7.56 million ounces of gold and says the mine could keep producing until 2040 at about 250,000 oz a year. It also cites a December 2010 scoping study for an expansion: about 1.5 million gold-equivalent ounces a year over the first eight full years, with pre-commissioning capital of about US$1.8 billion plus roughly US$400 million contingency. A feasibility study has begun. This continues the Tasiast thread from the Red Back purchase; the later expansion plans were scaled down and not built as scoped (inference from the context).
28 Mar 2011drilling progress report▲ GoodMajor
Two releases. On 25 March 2011 Kinross said Russia's foreign investment commission pre-approved raising its stake in the Kupol mine's owner to 100% from 75% by repurchasing shares held by the Chukotka state enterprise. It plans to fund this from the Harry Winston share sale proceeds plus a non-recourse debt facility of about US$200m, with EDC and commercial banks showing interest. The share purchase agreement is not yet signed and the commission's minutes may carry conditions. On 28 March it reported Tasiast drilling: 26 rigs, 70,000 metres drilled this year, two encouraging reconnaissance targets (Charlize, 15 km south, with intercepts such as 12 m at 2.06 g/t), the expansion feasibility study 36% complete, and positive step-out holes at Chirano in Ghana. This continues the Red Back/Tasiast thread, now closed as Kinross assets.
