Kinross Gold stock jumps as company promises to boost share buybacks

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Kinross said it will repurchase $300\u002Dmillion worth of shares by the end of this year. Find out more.

Kinross added that it would also allocate two-thirds of its excess cash for share buybacks in 2023 and 2024. The buybacks after this year, however, will depend on whether Kinross is able to maintain its net leverage ratio, a measure of financial health that compares debt to earnings. Kinross also said that buybacks could be paused in case of a ratings downgrade, an operational issue, or a fall in gold prices.

. “This enhanced buyback program is affordable, enables us to sustain our dividend and is a responsible allocation of capital.”Article content Kinross has looked to rebalance its portfolio in the last one year by focusing more on the Americas. Last month it completed the

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alberta’s oil and gas sector commands list of top 30 TSX stocksCompanies based in Alberta comprised half the listings on the latest TSX30, an annual ranking of the top 30 stocks
Source: calgaryherald - 🏆 64. / 52 Read more »