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Other

Kinross announces renewal of NCIB

By The Northwire Desk — AI Analysis Mar 19, 2026 · 17:00 K · 37.6 Kinross Gold Corporation
K · Price

Executive Summary

  • Kinross Gold Corp. announced that the Toronto Stock Exchange has accepted its notice to renew its Normal Course Issuer Bid (NCIB) program for a one‑year period (Mar 24 2026 – Mar 23 2027).
  • The renewed NCIB authorizes repurchase of up to 104,239,211 common shares (≈10% of the public float), with daily purchase limits tied to average trading volume.
  • All shares purchased under the program will be cancelled; the company may use TSX, NYSE or other eligible Canadian trading systems for execution and has an automatic repurchase plan with its broker for blackout periods.

Key Details

  • Authorized Repurchase Amount: Up to 104,239,211 common shares (≈10% of public float of 1,042,392,116 shares).
  • Float Context: 1,197,584,004 total common shares outstanding as of Mar 12 2026.
  • Program Period: Commences March 24 2026 and expires March 23 2027.
  • Daily Purchase Limits – TSX: Maximum of 1,156,500 shares per day (25% of the average daily volume of 4,626,000 shares for the six months ended Feb 28 2026).
  • Daily Purchase Limits – NYSE: Maximum of 25% of the average daily volume for the four calendar weeks preceding each purchase date (subject to block‑purchase exception).
  • Previous NCIB Activity: Prior authorization allowed repurchase of up to 110,408,573 shares; Kinross actually repurchased 35,756,550 shares under that program.
  • Purchase Price: Market price at time of acquisition or any other price permitted by TSX/NYSE rules.
  • Cancellation: All acquired shares will be cancelled, reducing the share count and potentially enhancing earnings per share.
  • Execution Mechanism: Company may trade via TSX, NYSE, alternative Canadian systems, or other permissible means; an automatic repurchase plan (ASPP) with its designated broker covers predetermined blackout periods.
  • Management Discretion: Outside blackout periods, repurchases are at management’s discretion and not mandatory; the company retains flexibility to forego purchases.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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