Canadian Business Journal, Kinros Suspends Business in Russia

Toronto, March 2, 2022 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX: K; NYSE: KGC) (“Kinross” and “Company”) is deeply concerned about the loss and destruction of lives in Ukraine Compassion and support for those who are suffering from this tragic situation.

We today announced a $ 1,000,000 donation to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal to help those in need. Kinros expects a peaceful and diplomatic solution in Ukraine.

We have suspended all activities of the Udinsk Development Project. We are also in the process of shutting down the Kupol mine, recognizing our obligation to continuously manage and mitigate the environmental impact of the mine, with a focus on the safety and well-being of more than 2,000 employees.

We will comply with all sanctions and legal regulations announced or will be announced by the relevant governments.

About Kinross Gold Corporation

Kinross is a Canada-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile, Ghana and Canada. Our focus is on providing value based on operational excellence, balance sheet strength, disciplined growth and the core principles of responsible mining. Kinros is listed on the Toronto Stock Exchange (Symbol: K) and the New York Stock Exchange (Symbol: KGC).

Media contacts
Luis Diaz
Vice President of Corporate Communication
Phone number: 416-369-6469

Investor spokesperson
Chris Lichtenhelt
Vice President, Investor Public Relations
Phone number: 416-365-2761

Source: Kinross Gold Corporation

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Canadian Business Journal, Kinros Suspends Business in Russia

Source link Canadian Business Journal, Kinros Suspends Business in Russia

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