0001104659-19-068850.txt : 20191202 0001104659-19-068850.hdr.sgml : 20191202 20191202125109 ACCESSION NUMBER: 0001104659-19-068850 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20191202 FILED AS OF DATE: 20191202 DATE AS OF CHANGE: 20191202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KINROSS GOLD CORP CENTRAL INDEX KEY: 0000701818 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 650430083 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13382 FILM NUMBER: 191262705 BUSINESS ADDRESS: STREET 1: 25 YORK STREET STREET 2: 17TH FLOOR CITY: TORONTO STATE: A6 ZIP: M5J 2V5 BUSINESS PHONE: 8013639152 MAIL ADDRESS: STREET 1: 25 YORK STREET STREET 2: 17TH FLOOR CITY: TORONTO STATE: A6 ZIP: M5J 2V5 FORMER COMPANY: FORMER CONFORMED NAME: PLEXUS RESOURCES CORP DATE OF NAME CHANGE: 19920703 6-K 1 tm1924480d1_6k.htm FORM 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of December, 2019

 

Commission File Number: 001-13382

 

KINROSS GOLD CORPORATION

(Translation of registrant's name into English)

 

17th Floor, 25 York Street,

Toronto, Ontario M5J 2V5

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40F:

 

Form 20-F  ¨   Form 40-F  x

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_____

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_____

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ¨   No  x

 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2b:

 

 

 

This Current Report on Form 6-K, dated December 2, 2019 is specifically incorporated by reference into Kinross Gold Corporation's Registration Statements on Form S-8 [Registration No. 333-217099, filed on April 3, 2017 and Registration Nos. 333-180824, 333-180823 and 333-180822, filed on April 19, 2012.]

 

 

 

 

  Page 2

 

 

This report on Form 6-K is being furnished for the sole purpose of providing a copy of the press release dated December 2, 2019 in which Kinross Gold Corporation announced the sale of royalty portfolio to Maverix Metals.

  

INDEX

 

Table of Contents

 

  

SIGNATURES

EXHIBIT INDEX

 

99.1Press Release dated December 2, 2019

 

 

 

  Page 3

  

SIGNATURES

 

 

Pursuant to the requirements of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

KINROSS GOLD CORPORATION

 

 

Signed: //Kathleen M. Grandy//

Vice President, Legal and Corporate Secretary

 

 

 

December 2, 2019

 

 

EX-99.1 2 tm1924480d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

news_release_header2

Kinross Gold Corporation

 

25 York Street, 17th Floor

Toronto, ON Canada M5J 2V5

 

 

NEWS RELEASE

  

Kinross announces sale of royalty portfolio

to Maverix Metals for total consideration of $74 million

 

 

 

Toronto, Ontario December 2, 2019 – Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) today announced that it has entered into an agreement to sell its royalty portfolio to Maverix Metals Inc. (“Maverix”) for total consideration of US$74 million, which includes US$25 million in cash and approximately 11.2 million Maverix common shares, representing a 9.4% ownership interest in Maverix.

 

“This agreement realizes the value of our royalty portfolio today while also providing upside exposure through a meaningful equity position in Maverix, a company with a proven track record of growth,” said J. Paul Rollinson, President and CEO of Kinross Gold.

 

As part of the transaction, Kinross will enter into an investor rights agreement with Maverix on closing, which among other customary terms and conditions, will provide Kinross with pre-emptive rights to participate in any future equity financings to maintain its ownership position. The transaction is targeted to close on or before year-end 2019.

 

Kinross’ royalty portfolio is comprised of 25 precious metals royalties, including interests in Integra Resources’ DeLamar project in Idaho, Polymetal’s Omolon Hub operations in Russia, Barrick Gold and Newmont Goldcorp’s Cerro Casale project in Chile, Premier Gold Mines’ McCoy Cove project in Nevada, Agnico Eagle’s Hammond Reef project in Ontario, and a number of early stage development and exploration projects.

 

Maverix Metals is a gold-focused, emerging royalty and streaming company with a globally diversified portfolio of 80 total assets, of which 13 are operating. Maverix’s shares trade on the TSX (symbol: MMX) and NYSE American (symbol: MMX).

 

Paradigm Capital acted as Kinross’ financial advisor in connection with the transaction.

 

About Kinross Gold Corporation

 

Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Kinross’ focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

 

 

Media Contact

 

Louie Diaz

Senior Director, Corporate Communications

phone: 416-369-6469

louie.diaz@kinross.com

 

 

 

Investor Relations Contact

 

Tom Elliott

Senior Vice-President, Investor Relations and Corporate Development

phone: 416-365-3390

tom.elliott@kinross.com

 

 

 

www.kinross.com

 

 

 

  

news_release_header2

Kinross Gold Corporation

 

25 York Street, 17th Floor

Toronto, ON Canada M5J 2V5

 

 

Cautionary statement on forward-looking information

 

All statements, other than statements of historical fact, contained in this news release, including any information as to the future financial or operating performance of Kinross, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and the “safe harbor” provisions under the United States Private Securities Litigation Reform Act of 1995 and are based on the expectations, estimates and projections of management as of the date of this news release, unless otherwise stated. The words “targeted” and “upside” or variations of or similar such words and phrases or statements that certain actions, events or results may, could, should or will be achieved, received or taken, or will occur or result and similar such expressions identify forward-looking statements. Forward-looking statements are, necessarily, based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of Kinross contained in this news release, which may prove to be incorrect, include, but are not limited to: (i) that the parties will complete the transaction in accordance with, and on the timeline contemplated by, the terms and conditions of the relevant agreements, on a basis consistent with our expectations; and (ii) that the near- and long-term value of the Maverix shares are consistent with our current expectations. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. All of the forward-looking statements made in this news release are qualified by this cautionary statement and those made in our other filings with the securities regulators of Canada and the United States including, but not limited to, the cautionary statements made in the “Risk Analysis” section of our MD&A for the year ended December 31, 2018 and the Annual Information Form dated March 29, 2019. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

 

 

Source: Kinross Gold Corporation

 

 

 

 

 

 

 

p. 2  Kinross announces sale of royalty portfolio to Maverix Metals for $74 million www.kinross.com

 

 

 

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