Kinross to suspend Russian operations
March 02 2022 - 6:09PM
Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross” and the
“Company”) is deeply concerned about the loss of life and
destruction in Ukraine and wishes to express its sympathy and
support for the people who are suffering because of this tragic
situation.
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.
The Company is suspending all activities at its
Udinsk development project. The Company is also in the process
of suspending operations at its Kupol mine, with the focus on the
safety and well-being of its more than 2,000 employees and in
recognition of its obligations to manage and mitigate the mine's
environmental impact on an ongoing basis.
The Company intends to adhere to all sanctions
and legal restrictions that have, or will be, announced by relevant
governments.
About Kinross Gold Corporation
Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil,
Russia, Mauritania, Chile, Ghana and Canada. Our focus is on
delivering value based on the core principles of operational
excellence, balance sheet strength, disciplined growth and
responsible mining. Kinross maintains listings on the Toronto Stock
Exchange (symbol:K) and the New York Stock Exchange
(symbol:KGC).
Media Contact Louie DiazVice-President,
Corporate Communicationsphone:
416-369-6469louie.diaz@kinross.com
Investor Relations ContactChris
LichtenheldtVice-President, Investor Relationsphone:
416-365-2761chris.lichtenheldt@kinross.com
Source: Kinross Gold Corporation
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