SOURCE: Kinross Gold Corporation

Kinross Gold Corporation

June 13, 2016 09:00 ET

Kinross Announces End of Strike at Tasiast Mine

TORONTO, ON--(Marketwired - June 13, 2016) - Kinross Gold Corporation (TSX: K) (NYSE: KGC) announced that the strike by unionized employees at its Tasiast mine that began on May 24, 2016 has ended. Striking employees began returning to work on June 11, 2016 and negotiations with the staff delegates on a new collective labour agreement and other outstanding items are expected to re-commence within ten days. Employees retain the right to strike during negotiations subject to Mauritanian labour laws.

The strike is not expected to impact the Company's annual regional guidance and did not affect development of the Tasiast Phase One expansion.

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 and Ghana. 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 (TSX: K) and the New York Stock Exchange (NYSE: KGC).

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 "development", "expect", "focus" and "guidance" 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 cautionary statements made in the "Risk Analysis" section of our full year 2015 management's discussion and analysis and the "Risk Factors" section of our 2016 Annual Information Form. 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).

www.kinross.com

Contact Information

  • Media Contact
    Louie Diaz
    Director, Corporate Communications
    phone: 416-369-6469
    louie.diaz@kinross.com

    Investor Relations Contact
    Tom Elliott
    Senior Vice-President, Investor Relations and Corporate Development
    phone: 416-365-3390
    tom.elliott@kinross.com