Globenewswire·2026-01-15 11:45Core Viewpoint - Kinross Gold Corporation is advancing the construction of three organic growth projects, which are expected to significantly enhance production, extend mine life, and improve long-term cost efficiency within its U.S. portfolio, contributing a total of 3 million ounces of life-of-mine production [1][7]. Group 1: Project Overview - The three projects include Round Mountain Phase X, Bald Mountain Redbird 2, and Kettle River-Curlew, all of which are anticipated to extend mine life and enhance production capabilities [1][7]. - The projects are expected to maintain a production profile of 2 million gold equivalent ounces per year, with specific contributions of 400,000 ounces per year from 2029 to 2031 and a total of 3 million ounces from 2028 to 2038 [5][7]. Group 2: Financial Highlights - The combined internal rate of return (IRR) for the projects is projected at 55%, with a cumulative post-tax net present value (NPV) exceeding $4.1 billion at a gold price of $4,300 per ounce [5][7]. - Capital expenditures for the projects are forecasted at approximately $425 million in 2026, with total attributable capital expenditures for the global portfolio expected to be around $1.5 billion [5][63]. Group 3: Round Mountain Phase X Details - The Phase X project is expected to produce approximately 1.4 million gold equivalent ounces over an initial 11-year mine life, extending production at Round Mountain until 2038, with an average annual production of about 140,000 ounces from 2029 to 2037 [13][15]. - The project will have an all-in sustaining cost (AISC) of $1,680 per gold equivalent ounce, which is expected to lower the cost profile at Round Mountain [13][15]. Group 4: Kettle River-Curlew Highlights - The Curlew project is projected to produce approximately 940,000 ounces over an initial 11-year mine life, averaging about 100,000 ounces per year for the first five years [34][39]. - The average mining grade is expected to be 5.8 g/t, with an AISC of $1,726 per ounce over the life of the mine [34][39]. Group 5: Bald Mountain Redbird 2 Highlights - The Redbird 2 project is expected to yield approximately 640,000 ounces, with first production anticipated in 2028 and an average production of about 155,000 ounces per year from 2028 to 2031 [49][51]. - The project will have an AISC of $1,466 per ounce, benefiting from existing infrastructure and economies of scale [51][53]. Group 6: Exploration and Upside Potential - There is significant potential for resource extensions and further exploration at all three projects, with existing intercepts indicating higher grades and improved mineability [29][45]. - The company is focused on leveraging its existing infrastructure and historical production capabilities to maximize the potential of these projects [33][39].