Kinross Gold Corporation Declares Dividend for Third Quarter
Kinross Gold Corporation (TSX: K; NYSE: KGC) has announced that its Board of Directors has declared a quarterly dividend of US$0.03 per common share for its third quarter. This dividend reflects the Company's commitment to providing sustainable returns to its shareholders.
Payment Details for Shareholders
The declared dividend is set to be paid on December 12, 2024. This payment will be made to shareholders who are on record as of the close of business on November 28, 2024. It's important to note that this dividend qualifies as an “eligible dividend” under Canadian income tax regulations. However, for non-resident investors outside Canada, dividends will be subject to Canadian non-resident withholding taxes.
About Kinross Gold Corporation
Kinross is recognized as a significant player in the global gold mining industry. Headquartered in Canada, the company operates a diverse portfolio of projects across several countries, including the United States, Brazil, Mauritania, Chile, and Canada. Kinross focuses on responsible mining practices, operational excellence, disciplined growth, and maintaining a robust balance sheet.
Core Principles and Values
The company's guiding principles emphasize the importance of responsibility in mining operations. Kinross is dedicated to environmental stewardship and community engagement, working to ensure that its operations not only meet but exceed regulatory expectations. This commitment not only strengthens Kinross’s reputation but also enhances its operational efficiency.
Recent Developments in Kinross
Recently, Kinross has made significant strides in refining its operational strategies and expanding its footprint in the gold mining sector. With a focus on new technologies and improved processing methods, the company aims to increase its production efficiency and reduce operational costs. Furthermore, Kinross's proactive efforts in exploring new partnerships and developments continue to position it favorably within the competitive mining landscape.
Forward-Looking Insights
Looking ahead, Kinross Gold Corporation remains optimistic about its growth trajectory. The ongoing emphasis on implementing cutting-edge technologies and sustainable practices reinforces the company's goal of creating long-term value for its shareholders. As the global demand for gold continues to evolve, Kinross is poised to adapt and seize opportunities in a changing market environment.
Contact Information
For any inquiries regarding the recent dividend declaration or company updates, interested parties may contact:
Media Contact:
Victoria Barrington
Senior Director, Corporate Communications
Phone: 647-788-4153
Email: victoria.barrington@kinross.com
Investor Relations Contact:
David Shaver
Senior Vice-President
Phone: 416-365-2761
Email: investorrelations@kinross.com
Frequently Asked Questions
What is the declared dividend amount for Q3 2024?
The declared dividend amount is US$0.03 per common share for the third quarter of 2024.
When will the dividend be paid to shareholders?
The dividend will be paid on December 12, 2024, to shareholders who are on record as of November 28, 2024.
Does this dividend qualify for Canadian tax purposes?
Yes, this dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
What markets does Kinross Gold operate in?
Kinross Gold operates in several countries, including the United States, Brazil, Mauritania, Chile, and Canada.
How does Kinross Gold maintain operational excellence?
Kinross focuses on responsible mining practices and employs advanced technologies to enhance efficiency and sustainability in its operations.
