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(All greenback quantities are expressed in U.S. {dollars}, until in any other case famous.)
Kinross Gold Company (TSX: Ok; NYSE: KGC,OTC:KGCRF) (“Kinross”) introduced at present that Moody’s Traders Service (“Moody’s”) has upgraded the senior unsecured ranking of Kinross to Baa2 from Baa3. The outlook has been modified to steady from optimistic.
In its announcement, Moody’s famous Kinross’ scale and manufacturing profile, low monetary leverage and conservative monetary insurance policies as key elements driving the improve.
Additional, on December 4, 2025, the Firm repaid the whole thing of its excellent 4.50% Senior Notes (“Notes”), which have an combination principal quantity of $500 million, forward of their July 15, 2027, due date.
Together with the early redemption of the 2027 Notes, Kinross has repaid roughly $700 million of its debt in 2025, in keeping with its dedication to stability sheet energy. Over fiscal years 2024 and 2025, Kinross has repaid $1.5 billion in debt together with this early redemption.
After the Notes redemption, Kinross has $750 million combination principal quantity of Senior Notes excellent, with the subsequent Senior Notes maturity date on July 15, 2033, for $500 million in combination principal quantity.
“Kinross’ glorious monetary place is pushed by its constant working observe report and disciplined price administration technique,” stated Andrea Freeborough, Chief Monetary Officer . “The Moody’s improve underscores the energy of our investment-grade stability sheet, which stands at a internet money 1 place of roughly $500 million as of September 30, 2025. Over the previous two years, we now have repaid $1.5 billion of debt, together with $700 million in 2025, reflecting our disciplined method to managing our enterprise.”
About Kinross Gold Company
Kinross is a Canadian-based world senior gold mining firm with operations and initiatives in the US, Brazil, Mauritania, Chile and Canada. Our focus is on delivering worth primarily based on the core rules of accountable mining, operational excellence, disciplined progress, and stability sheet energy. Kinross maintains listings on the Toronto Inventory Change (image: Ok) and the New York Inventory Change (image: KGC,OTC:KGCRF).
Media Contact
Samantha Sheffield
Director, Company Communications
cellphone: 416-365-3034
Samantha.Sheffield@Kinross.com
Investor Relations Contact
David Shaver
Senior Vice-President, Investor Relations & Communications
cellphone: 416-365-2854
InvestorRelations@Kinross.com
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1 Web money is calculated as money and money equivalents of $1,721.7 million much less long-term debt of $1,236.9 million as reported on Kinross’ interim condensed consolidated stability sheet as at September 30, 2025.
Supply: Kinross Gold Company
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