L'agence de notation Moody's Ratings (Moody's) a confirmed the rating of the company's unsecured senior bonds Kinross Gold & clip; Baa3. The rating outlook has been revised up from stable to

Kinross' unguaranteed senior Baa3 rating reflects a good scale and an expectation of a stable production profile through the end of the decade (~ 2.0 million ounces gold equivalent (GEO) ); low leverage (0.5x for the twelve months ending in December 2024 adjusted debt/EBITDA); and conservative financial policies. The company is limited by a concentration of operating profits and cash flow generation from two sites: Tasiast in Mauritania (unrated) and Paracatu in Brazil (Government of Brazil, Ba1 positive); the geopolitical risk of its Tasiast mine; and the sensitivity to

This positive outlook reflects Kinross' ability to maintain production at approximately 2 million ounces per year, financed by its internal cash flow. They also assume that the company will maintain its prudent financial policies. According to Jamie Koutsoukis, Vice President and Principal Analyst at Moody's Ratings, “The change from outlook to positive reflects Kinross' debt reduction and our view that it will be able to maintain production at around 2 million ounces while maintaining low debt and