Kinross Gold Corp (KGC) News & EventsKGCNews & EventsKinross Gold Corp

BTU Metals Acquires 100% Interest in Dixie East Block 3 Project

BTU METALS CORP. (BTUMF) entered into a definitive agreement to acquire a 100% interest in the Dixie East Block 3 Project located approximately 6 kilometres east of the Kinross (KGC)-owned Great Bear Project in the eastern part of the Red Lake District, Ontario. The newly acquired claim package is directly adjacent to the Kinross and BTU Dixie Halo Project and further augments the Company's strategic land position in one of Canada's most active and prospective gold exploration districts. The new acquisition brings the Company's total Dixie East Project strike coverage to approximately 17 kilometres. The Dixie East Block 3 claims strengthen the Company's district-scale exploration footprint surrounding the multi-million-ounce Great Bear gold deposit being advanced toward production by Kinross as well as the easterly extent of their recently announced high-grade Strider gold discovery. The Dixie East Block 3 claims are directly contiguous with the Company's Dixie Halo Project, currently operated by Kinross under an option and Joint Venture agreement and further enhances the Company's exposure to ongoing exploration success in the broader Great Bear district and increases the Company's cumulative Dixie East land package to approximately 17 km of strike length. The newly acquired claims occur within the interpreted extension of the same east-trending regional structural corridor associated with gold mineralization at the Great Bear Project, including the LP Fault system. Kinross recently reported high-grade gold drill intercepts west of the new property from the new Strider Zone, including 215.4 g/t gold over 2.1 metres, results that further support the importance of this regional scale gold mineralized structural corridor and that shows the potential of the broader mineralized system to contain high gold values well beyond the current Great Bear known mineralization. The Company will commence work on the Block 3 property this summer. The Company is funded and will commence geological work immediately upon approval of the property agreement. Pursuant to the definitive purchase agreement, the Company will acquire 100% interest in the Block 3 claim group through the issuance of an aggregate total of 800,000 common shares of the Company, a cash payment of C$16,000 plus a 1.5% NSR, with the right for BTU to buy back a 0.5% interest at any time for C$500,000, to the arm's length vendors. This transaction is subject to approval from the TSXV. The shares issued will be subject to normal course trading restrictions.

Kinross Reports Q1 Revenue of $2.41B, Below Estimates

Reports Q1 revenue $2.41B, two estimates $2.46B. Kinross produced 492,563 Au eq. oz. in Q1 2026, compared with 512,088 Au eq. oz. in Q1 2025, a decrease of 4%, as planned. Higher production from Paracatu was offset by lower production from Bald Mountain, Fort Knox, Round Mountain, and Tasiast. J. Paul Rollinson, CEO, made the following comments in relation to 2026 first-quarter results: "Kinross delivered another excellent quarter. We generated record free cash flow of approximately $840 million, representing our fourth consecutive quarterly record. Strong operational performance and disciplined cost management drove record margins that continue to outpace the rise in the gold price, which highlights our ability to continue to hold the line on costs. We have returned approximately $350 million to shareholders to date in 2026 through dividends and share repurchases, reinforcing our commitment to disciplined capital allocation and delivering meaningful returns. Over the past 12 months, we have returned over $1 billion to shareholders, and through our share buyback program, have reduced our outstanding float by over 3%. In the current situation of global uncertainty, we continue to benefit from an attractive relative cost position, supported by our longstanding approach to mitigate cost pressures. This includes the hedging of fuel and currency exposures as well as the continued execution of our grade enhancement strategy. Both are proving effective in the current environment of elevated oil prices and differentiate Kinross. In Q1, our pipeline of high-quality development projects advanced on plan. At Great Bear, we continued to make strong progress across both Advanced Exploration and the Main Project. Engineering and procurement are advancing as planned, and new exploration results further reinforce the scale and long-term potential of the deposit. At Lobo-Marte, the submission of the Environmental Impact Assessment in April marked an important milestone, formally initiating the permitting process for this long-life, large-scale growth project. Our new U.S. projects - Round Mountain Phase X, Curlew and Redbird - made steady progress and remain firmly on track. Also, we are continuing our studies on our significant resource inventory as we target additional potential mine life extensions across our portfolio."

Centerra Gold Executive David Hendriks Departs, Mike Sylvestre Interim COO

Centerra Gold (CGAU) announces that David Hendriks, Executive Vice President and COO, will be leaving the company. He will remain available to the company in a consulting capacity to support a smooth transition. Mike Sylvestre will assume the responsibilities of COO on an interim basis, effective March 30. Sylvestre is a mining executive with over 45 years of international experience and has held leadership roles at major, mid-tier and junior mining companies. He most recently served as Senior Vice President, Americas at Kinross Gold (KGC), retiring in 2022.