With no debt maturing in the next four years, a strong balance sheet and excellent liquidity, Canadian gold producer Kinross Gold expects to have the financial flexibility to fund organic growth opportunities within its global portfolio.
The TSX- and NYSE-listed miner announced Thursday that it has repaid $250-million in senior notes that were due September 1, leaving it with no further debt maturities until 2020, as the maturity dates of the company’s $500-million term loan and $1.5-billion revolving credit facility were extended by one year to August 10, 2020 and August 10, 2021, respectively.
