Kinross Gold Updates Paracatu Mine Resources & Reserves, Extends LOM to 2034

summarizeSummary

Kinross Gold released an updated Technical Report for its Paracatu Mine, detailing Mineral Resources and Reserves as of December 31, 2025, and outlining a life of mine extending to 2034.

check_boxKey Events

• Updated Mineral Reserves

  Proven and Probable Mineral Reserves total 399.64 million tonnes at 0.38 g/t gold, containing 4.84 million ounces, supporting operations until 2034. These reserves are estimated using a long-term gold price of US$2,000 per ounce.

• Revised Mineral Resources

  Measured and Indicated Mineral Resources, exclusive of reserves, are 329.20 million tonnes at 0.33 g/t gold, totaling 3.52 million ounces. This represents a 6% decrease in contained ounces from the prior year, primarily due to model refinements and updated parameters.

• Strategic Cut-off Grade Maintained

  The Mineral Reserve cut-off grade is maintained at 0.19 g/t gold, higher than the calculated 0.17 g/t, due to strategic and operational considerations including tailings storage capacity constraints and long-term mine development priorities.

• Sustaining Capital Plan

  The Life of Mine plan includes $654 million in sustaining capital from January 1, 2026, primarily allocated for mine mobile equipment and tailings storage facility expansions.

auto_awesomeAnalysis

This comprehensive Technical Report provides updated Mineral Resource and Reserve estimates for Kinross Gold's significant Paracatu Mine. While Measured and Indicated Mineral Resources saw a modest 6% decrease in contained gold ounces compared to the prior year, this is attributed to model refinements and strategic pit redesigns rather than a fundamental degradation of the deposit. The report confirms a robust Mineral Reserve of 4.84 million ounces of gold, supporting operations until 2034. The decision to maintain a higher cut-off grade despite economic calculations highlights prudent management of operational constraints like tailings capacity. Investors should note the long-term operational visibility and the substantial sustaining capital planned to support the mine's continued production.