Kinross Gold Greenlights Three U.S. Projects with $4.1B NPV and 55% IRR

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Kinross Gold approved three U.S. projects—Round Mountain Phase X, Curlew and Redbird 2—with combined post-tax NPV of $4.1 billion and IRR of 55% at $4,300/oz gold. The $425 million 2026 capex program will add 3 million Au eq. ounces of life-of-mine production, averaging 400,000 oz/year through 2031.

1. Appointment of Experienced Director

Kestrel Gold Inc. has appointed Duncan McBean, a Professional Geologist with 35 years of experience, to its board of directors. Mr. McBean has guided multiple exploration projects from discovery through feasibility and production, covering orogenic gold deposits, diamondiferous kimberlite, and lithium targets. His track record includes managing field programs in complex terrains of western Canada and other major mineral belts, bringing technical and strategic expertise to Kestrel’s leadership team.

2. Grant of Share Purchase Options

Concurrent with his appointment, Kestrel granted Mr. McBean options to acquire 1,000,000 common shares at an exercise price of $0.065 per share. These options vest immediately and expire on September 15, 2030. This equity incentive aligns Mr. McBean’s interests with long-term shareholder value and reflects the board’s confidence in his ability to advance Kestrel’s exploration objectives.

3. Focused Canadian Cordillera Portfolio

Kestrel holds a 100% interest in two principal orogenic gold targets. The QCM Property in British Columbia’s Manson-Germanson district is subject to a 2% NSR royalty with buydown provisions, while the KSD Property in the Yukon’s Tintina Gold Belt carries a 2.5% NSR royalty with buydown terms. Recent field campaigns on both properties have identified multiple high-priority targets along major structural trends, positioning Kestrel for systematic drill testing in the coming season.

Sources

ZGN