Kinross Gold Corporation is a global mining company engaged in the exploration and production of gold and silver. With a diverse portfolio of mines and projects located across North America, South America, and West Africa, Kinross is dedicated to responsible mining practices and sustainability. The company focuses on maximizing value through the efficient extraction of valuable mineral resources while prioritizing environmental stewardship and community engagement. Kinross seeks to enhance shareholder value by employing advanced technologies and innovation in mining processes, as well as by fostering strong relationships with local stakeholders. Read More
Gold surged to fresh all-time highs on Monday, with bullion jumping 2.5% to $3,410 per ounce by 11:20 a.m. ET, as mounting distrust in U.S. financial assets and inflation fears drive a flight to safety unlike anything seen since the global debt crises of the early 2010s.
TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) (the “Company”) announced today a temporary suspension of mill operations at Tasiast due to a mill fire that occurred on April 14, 2025, which has been fully extinguished. No injuries have been reported and mining operations are continuing on plan.
Gold prices exceeded $3,000/oz, with potential to reach $3,500 if investment demand rises. China's insurance sector and central banks may increase gold holdings, while ETF inflows signal growing retail interest. Trade policy uncertainty and a weaker U.S. dollar could further support prices.
The Atlanta Federal Reserve’s GDPNow model projects a 2.4% contraction in the U.S. economy for the first quarter of 2025, while JPMorgan has raised its recession probability to 40%.
Gold's strong rise continues, with the precious metal hitting a fresh record on Thursday as investors rush to shield their portfolios from mounting trade tensions and economic uncertainty.
Kinross Gold shares are trading higher by 3.1% during Monday's session. The company announced its agreement to acquire 15.41 million common shares of Relevant Gold.
