Kinross announces suspension of strike at Tasiast mine
May 22 2020 - 9:00AM
Kinross Gold Corporation (TSX:K; NYSE:KGC) announced today that the
strike by unionized employees at its Tasiast mine has been
suspended at the request of the Government of Mauritania.
The recent shutdown, which began on May 5th and
ended today, is not expected to materially affect 2020 production
or the development of the 24k expansion. The Company has adhered to
the three-year collective labour agreement finalized in Q4 2019,
all applicable labour codes, and rigorously complied with all
government mandates related to COVID-19 prior to the strike and
will continue to do so going forward. While the Company disagrees
with the basis for the strike, it remains open to discussions with
the staff delegates.
About Kinross Gold
Corporation
Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil,
Chile, Ghana, Mauritania, and Russia. Kinross maintains listings on
the Toronto Stock Exchange (symbol:K) and the New York Stock
Exchange (symbol:KGC).
Media Contact Louie DiazSenior Director,
Corporate Communicationsphone:
416-369-6469louie.diaz@kinross.com
Investor Relations ContactTom
Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone:
416-365-3390
tom.elliott@kinross.com
Cautionary statement on forward-looking
information
All statements, other than statements of
historical fact in this news release constitute "forward-looking
information" or "forward-looking statements" within the meaning of
certain securities laws, including the provisions of the Securities
Act (Ontario) and the provisions for "safe harbor" under the United
States Private Securities Litigation Reform Act of 1995 and are
based on expectations, estimates and projections as of the date of
this news release. The words “continue”, "development", and
"expect" or variations of or similar such words and phrases or
statements that certain actions, events or results will affect, or
will occur or result, and similar such expressions identify
forward-looking statements. Forward-looking statements are
necessarily based upon a number of assumptions that, while
considered reasonable by Kinross as of the date of such statements,
are inherently subject to significant uncertainties and
contingencies. These uncertainties and contingencies can affect,
and could cause, Kinross' actual results to differ materially from
those expressed or implied in any forward looking statements made
by, or on behalf of, Kinross. There can be no assurance that
forward looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. All of the forward looking
statements made in this news release are qualified by these
cautionary statements and those made in our filings with the
securities regulators of Canada and the U.S, including but not
limited to those made in the "Risk Analysis" section of our full
year 2019 management's discussion and analysis, the "Risk Factors"
section of our Annual Information Form dated March 30, 2020 and the
“Cautionary Statement on Forward-Looking Information” in our news
release dated May 5, 2020. These factors are not intended to
represent a complete list of the factors that could affect Kinross.
Kinross disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise, or to explain any material
difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
Other information
Where we say "we", "us", "our", the "Company", or "Kinross" in
this news release, we mean Kinross Gold Corporation and/or its
applicable subsidiary(ies).
Source: Kinross Gold Corporation
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