U.S. Markets close in 49 mins.

Kinross' President and COO to Retire

Zacks Equity Research

Kinross Gold Corporation (KGC) announced that the company’s President and Chief Operating Officer (COO), Brant Hinze, will retire effective Oct 1, 2014.

Brant has been instrumental in establishing a mining culture, which ushered in excellence in the company’s operations. Under his guidance and leadership, Kinross’ mines have delivered strong results by either meeting or exceeding the company’s production and cost guidance for five consecutive quarters.

Brant also built a strong global operations team with technical expertise. He has also institutionalized systems and processes across the company, thus helping to drive consistent results.

Warwick Morley-Jepson, the incumbent Regional Vice-President of the Kinross' Russia region will succeed Brant as COO. During Warwick Morley’s tenure as regional Vice-president, the Russian region has performed well and delivered strong results. The region was amongst the top performers in the company's global portfolio.

Warwick also looked into the development of the recently commissioned Dvoinoye mine which was on time and on budget. Kinross remains confident that under the leadership of Warwick, the company will deliver promising results.

Kinross’ strong operating results are driven by a focused portfolio of nine mines located in four key regions – South America, North America, West Africa and Russia. Kinross adheres to a disciplined exploration strategy that incorporates management and technical expertise, risk profiling, and partnerships with quality junior exploration companies.

Kinross currently carries a Zacks Rank #3 (Hold).

Other companies in the mining industry with a favorable Zacks Rank include Franco-Nevada Corp. (FNV), Lake Shore Gold Corp. (LSG) and Alexco Resource Corp. (AXU), each with a Zacks Rank #2 (Buy).

Read the Full Research Report on KGC
Read the Full Research Report on FNV
Read the Full Research Report on LSG
Read the Full Research Report on AXU

Zacks Investment Research