K · News · 20260806N

Liquidity and Debt Position

K · 2026-08-06 · Importance 64 · Surprise 42

S&P Global Ratings upgraded Kinross Gold Corporation’s long-term issuer credit and unsecured-debt ratings to BBB from BBB-, with a stable outlook, on August 6, 2026. Kinross had a strong net cash position of $1.9 billion, supported by debt reduction and a competitive cost profile. The company distributed $1.4 billion to shareholders since January 2025 while maintaining disciplined financial management. The upgrade indicates improved credit quality and financial flexibility for capital returns and operations.

Key facts

• Kinross Gold Corporation has distributed $1.4 billion to shareholders since January 2025. source
• Kinross Gold Corporation has a strong net cash position of $1.9 billion according to S&P Global Ratings. source
• S&P Global Ratings upgraded Kinross Gold Corporation's long-term issuer credit rating and issue-level rating on its unsecured debt to 'BBB' from 'BBB-'. source
• S&P Global Ratings maintained a stable outlook on Kinross Gold Corporation after the upgrade to 'BBB'. source