Kinross to suspend Russian operations
Kinross to suspend Russian operations
TORONTO, March 02, 2022 -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross” and the “Company”) is deeply
concerned about the loss of life and destruction in Ukraine and wishes to express its sympathy and support for the people who
are suffering because of this tragic situation.
The Company today is announcing a donation of $1,000,000 to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal
to assist those people most in need. Kinross is hopeful for a peaceful and diplomatic solution in Ukraine.
The Company is suspending all activities at its Udinsk development project. The Company is also in the process of
suspending operations at its Kupol mine, with the focus on the safety and well-being of its more than 2,000 employees and in
recognition of its obligations to manage and mitigate the mine's environmental impact on an ongoing basis.
The Company intends to adhere to all sanctions and legal restrictions that have, or will be, announced by relevant
governments.
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, Ghana and Canada. 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
(symbol:K) and the New York Stock Exchange (symbol:KGC).
Media Contact
Louie Diaz
Vice-President, Corporate Communications
phone: 416-369-6469
Investor Relations Contact
Chris Lichtenheldt
Vice-President, Investor Relations
phone: 416-365-2761
Source: Kinross Gold Corporation