News

IN BRIEF: Kinross announces US$250mn financing

Bnamericas Published: Thursday, February 25, 2016
IN BRIEF: Kinross announces US$250mn financing

Canadian gold miner Kinross Gold said it had entered into an agreement with a syndicate of underwriters led by TD Securities and Scotiabank for a bought deal public equity offering of shares for gross proceeds of around US$250mn.

Kinross plans to use the net proceeds of the offering to strengthen its balance sheet and improve its long-term liquidity position by using about US$175mn of the proceeds to repay credit facilities that were used to purchase US assets from Barrick Gold in November.

The remaining US$75mn will be used to repay debt maturing this year and for general corporate purposes. The offering is expected to close on or around March 4, Kinross said in a statement.

Kinross, which has mines in Brazil, Chile, North America, West Africa and Russia, posted a reported net loss of US$842mn for 4Q15.

****

UPCOMING BNAMERICAS EVENTS

5TH Mexico Infrastructure Summit

Click here to see the agenda and speakers

4TH Mexico Oil & Gas Summit

Click here to see the agenda and speakers

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Guayabales
  • Current stage: Blurred
  • Updated: 2 weeks ago
  • Project: Picha
  • Current stage: Blurred
  • Updated: 2 weeks ago
  • Project: Almas
  • Current stage: Blurred
  • Updated: 2 weeks ago
  • Project: Kachi
  • Current stage: Blurred
  • Updated: 2 weeks ago
  • Project: El Zorro
  • Current stage: Blurred
  • Updated: 2 weeks ago
  • Project: Cabaçal
  • Current stage: Blurred
  • Updated: 2 weeks ago

Other companies in: Mining & Metals

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Sociedad Química y Minera de Chile S.A.  (SQM)
  • Sociedad Química y Minera de Chile S.A. (SQM) is a Santiago-based non-metallic miner engaged in the production and distribution of specialty fertilizers. The company operates in...
  • Company: Cordoba Minerals Corp.  (Cordoba Minerals)
  • Cordoba Minerals Corp. is a Toronto-based resource exploration company focused on the acquisition, exploration, and development of precious and base metal properties. The firm i...
  • Company: Empresa Construtora Brasil S.A.  (ECB)
  • Empresa Construtora Brasil S.A. (ECB) works on engineering and construction of projects on road, railway, urban, industrial, port and airport, civil and mining infrastructure, n...
  • Company: Mercantil Commodity S.A.C.
  • Mercantil Commodity S.A.C./Mercantil S.A. has 35 years of experience in distribution of sodium cyanide in Peru and Latin America. The company was the first in Peru to work under...
  • Company: S&P Global Platts
  • Platts, subsidiary of S&P Global, is a company providing international market information relative to oil & gas, petrochemical, metals, agriculture, and maritime transport secto...
  • Company: Consejo Minero de Chile A.G.  (Consejo Minero)
  • Chile's Consejo Mineral is a trade association bringing together domestic and foreign-owned private and public copper, gold and silver producers operating in Chile. A mining cou...
  • Company: Gold Fields Ltd.  (Gold Fields)
  • Gold Fields Ltd. is a South African mining company engaged in gold mining and related activities, including exploration, extraction, processing and smelting. It is a producer of...