Kinross to Update Three Major Gold Projects After Moody’s Upgrade, $500M Note Redemption

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Kinross Gold Corporation will host a virtual presentation on January 15, 2026 to update on its Round Mountain Phase X, Kettle River-Curlew and Bald Mountain Redbird 2 projects; the company also secured a Moody’s Baa2 rating upgrade and will redeem $500 million of Senior Notes. Shares surged over 200% in 2025, placing Kinross among top Zacks momentum stocks and reflecting strong investor confidence in its growth projects.

1. Major Project Updates Highlight Growth Prospects

Kinross Gold Corporation will provide detailed technical updates on three cornerstone assets—Round Mountain Phase X (Nevada), Kettle River–Curlew (Washington) and Bald Mountain Redbird 2 (Nevada)—in a virtual presentation scheduled for January 15, 2026 at 9:00 a.m. EST. Round Mountain Phase X is projected to extend mine life by four years, targeting incremental annual production of approximately 150,000 ounces of gold once fully ramped. At Kettle River–Curlew, feasibility studies have confirmed a 5.8‐year mine life, with average annual throughput of 7,500 tonnes per day and expected recovery rates above 85%. Bald Mountain Redbird 2 remains on track to begin commercial production in the third quarter of 2026, adding an anticipated 80,000 ounces of gold output in its first year of operation. These projects collectively underpin Kinross’s plan to sustain global production at roughly 2.3 million ounces per year through 2028.

2. Improved Credit Profile and Balance Sheet Strength

In December 2025, Moody’s upgraded Kinross’s corporate family rating to Baa2, reflecting the company’s disciplined capital allocation and robust operating cash flow. This upgrade underscores a strengthened liquidity position, with Kinross reporting cash and equivalents of $1.2 billion at the end of the third quarter. Concurrently, Kinross announced the early redemption of $500 million principal amount of its senior unsecured notes, reducing annual interest expense by approximately $22 million and lowering net debt to EBITDA below 1.2x. Management reaffirmed its commitment to maintaining an investment‐grade rating and preserving financial flexibility to pursue value‐accretive growth opportunities.

3. Investor Access and Engagement

Kinross has organized a live webcast and conference call to present technical findings, followed by a question‐and‐answer session. Investors and analysts can join toll‐free from North America or via international dial‐in numbers; a replay will be accessible for 30 days post‐event. The company’s senior technical staff and investor relations team, led by Senior Vice‐President David Shaver, will be available to address inquiries on project timelines, capital expenditure profiles—estimated at $275 million combined for the three projects in 2026—and expected returns on incremental ounces. This engagement demonstrates Kinross’s focus on transparent communication to ensure stakeholders fully understand the drivers of future value creation.

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