Kinross upgraded to Baa2 Rating by Moody's

Core Viewpoint - Kinross Gold Corporation has received a credit rating upgrade from Moody's Investors Service, reflecting its strong financial position and disciplined debt management practices [1][2]. Financial Performance - Moody's upgraded Kinross' senior unsecured rating to Baa2 from Baa3, with a stable outlook, citing the company's scale, production profile, low financial leverage, and conservative financial policies as key factors [1][2]. - In 2025, Kinross repaid $500 million of its outstanding 4.50% Senior Notes ahead of the July 15, 2027 due date, contributing to a total debt repayment of approximately $700 million for the year [2][3]. - Over fiscal years 2024 and 2025, Kinross has repaid a total of $1.5 billion in debt, including the early redemption of the 2027 Notes [3]. Financial Position - As of September 30, 2025, Kinross reported a net cash position of approximately $500 million, highlighting its strong investment-grade balance sheet [4]. - The company currently has $750 million in Senior Notes outstanding, with the next maturity date set for July 15, 2033, for $500 million [3][4]. Company Overview - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada, focusing on responsible mining and operational excellence [5].