Kinross files updated technical report for Tasiast
Kinross files updated technical report for Tasiast
TORONTO, Oct. 31, 2019 -- Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) today filed an updated technical report
for its Tasiast mine in Mauritania. The technical report incorporates updates related to the current Tasiast operation and
provides comprehensive details regarding the recently announced Tasiast 24k project that is expected to incrementally
increase throughput capacity to 24,000 tonnes per day, as well as the previously updated estimated mineral resource and
reserve estimates at December 31, 2018, which were disclosed by news release on September 15, 2019.
The Tasiast 24k project takes a continuous improvement approach to increase throughput through minor upgrades and de-
bottlenecking initiatives in the plant. The project includes modifications to the existing grinding circuit, adding new leaching
and thickening capacity, as well as incremental additions to onsite power generation and water supply.
The technical report has been prepared pursuant to Canadian Securities Administrator's National Instrument 43-101, and may
be found at www.kinross.com or under the Company's profile at www.sedar.com.
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. Kinross’ 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 Diaz
Senior Director, Corporate Communications
phone: 416-369-6469
Investor Relations Contact
Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
Cautionary statement on forward-looking information
All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including
any information as to the future performance of Kinross, constitute "forward looking statements" within the meaning of
applicable 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. Forward looking statements include, without limitation, future events and opportunities
including but not limited to the 24k project at Tasiast described in this news release. The words "estimate”, “expected” and
“project”, and variations of such words identify forward-looking statements. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of such
statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The
estimates and assumptions referenced, contained or incorporated by reference in this news release, which may prove to be
incorrect, include, but are not limited to, the various assumptions set forth herein and in our Annual Information Form dated
March 31, 2019 ("2018 AIF") and full year 2018, and Q1, Q2 and Q3 2019, Management's Discussion and Analysis. Known
and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. In
addition, there are risks and hazards associated with the business of mining and related project development, including
financial, environmental hazards, government and labour relations, unusual or unexpected formations, pressures, cave-ins and
flooding (and the risk of inadequate insurance, or the inability to obtain insurance, to cover such risks). Many of these
uncertainties and contingencies can directly or indirectly 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. Forward-looking statements are provided for the purpose of providing information
about management's expectations and plans relating to the future. All of the forward-looking statements made in this news
release are qualified by these cautionary statements and those made in our other news release dated September 15, 2019
regarding the 24k study results as well as other filings with the securities regulators of Canada and the United States
including, but not limited to, the cautionary statements made in the "Risk Factors" section of our 2018 AIF. 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 or to explain any material difference between subsequent actual events
and such forward-looking statements, except to the extent required by applicable law.
Source: Kinross Gold Corporation