Kinross Gold Unveils New NCIB Program to Buy Back Up to 104.2M Shares

Key Takeaways KGC gets TSX acceptance to renew NCIB, allowing repurchase of up to 104.2M shares.Kinross sees share prices as undervalued, backing buybacks with a strong balance sheet and free cash flow.KGC will cancel all repurchased shares; the prior program saw 35.7M shares bought and retired.Kinross Gold Corporation (KGC) said that the Toronto Stock Exchange has accepted the notice to renew its normal course issuer bid (“NCIB”) program, reinforcing commitment to enhancing shareholder returns.Under the pr ...