Kinross to Pay First Dividend in 7 Years With Gold Rallying
- Canadian miner also plans to boost output by 20% in 3 years
- Company is on track to meet its production guidance for 2020
Canadian miner Kinross Gold Corp. is boosting output and paying its first dividend in seven years after gold prices surged to a record.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Canadian miner Kinross Gold Corp. is boosting output and paying its first dividend in seven years after gold prices surged to a record.
The Toronto-based company will give shareholders 3 cents a common share, and resume quarterly dividends of the same amount, taking the total distribution to 12 cents a year, according to a statement Thursday. Production is expected to increase 20% by 2023.