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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, 2025
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:
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Form 20-F ¨ Form 40-F x This report on Form 6-K is being furnished for the sole purpose of providing a copy of the press release dated December 4, 2025 in which Kinross Gold Corporation announced a rating upgrade by Moody’s as well as the early redemption of $500 million in Senior Notes.
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Table of Contents
EXHIBIT INDEX
| 99.1 | Press Release dated December 4, 2025 |
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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: //Lucas R. Crosby// | |
| Senior Vice President, General Counsel |
December 4, 2025
Exhibit 99.1
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Kinross Gold Corporation
25 York Street, 17th Floor Toronto, ON Canada M5J 2V5 |
NEWS RELEASE
Kinross upgraded to Baa2 Rating by Moody’s
Early redemption of $500 million in Senior Notes completed
(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.)
Toronto, Ontario, December 4, 2025 – Kinross Gold Corporation (TSX: K; NYSE: KGC) (“Kinross”) announced today that Moody’s Investors Service (“Moody’s”) has upgraded the senior unsecured rating of Kinross to Baa2 from Baa3. The outlook has been changed to stable from positive.
In its announcement, Moody’s noted Kinross’ scale and production profile, low financial leverage and conservative financial policies as key factors driving the upgrade.
Further, on December 4, 2025, the Company repaid the entirety of its outstanding 4.50% Senior Notes (“Notes”), which have an aggregate principal amount of $500 million, ahead of their July 15, 2027, due date.
Including the early redemption of the 2027 Notes, Kinross has repaid approximately $700 million of its debt in 2025, in line with its commitment to balance sheet strength. Over fiscal years 2024 and 2025, Kinross has repaid $1.5 billion in debt including this early redemption.
After the Notes redemption, Kinross has $750 million aggregate principal amount of Senior Notes outstanding, with the next Senior Notes maturity date on July 15, 2033, for $500 million in aggregate principal amount.
“Kinross’ excellent financial position is driven by its consistent operating track record and disciplined cost management strategy,” said Andrea Freeborough, Chief Financial Officer. “The Moody’s upgrade underscores the strength of our investment-grade balance sheet, which stands at a net cash1 position of approximately $500 million as of September 30, 2025. Over the past two years, we have repaid $1.5 billion of debt, including $700 million in 2025, reflecting our disciplined approach to managing our business.”
About Kinross Gold Corporation
Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
1 Net cash is calculated as cash and cash equivalents of $1,721.7 million less long-term debt of $1,236.9 million as reported on Kinross’ interim condensed consolidated balance sheet as at September 30, 2025.
www.kinross.com
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Kinross Gold Corporation
25 York Street, 17th Floor Toronto, ON Canada M5J 2V5 |
Media Contact
Samantha Sheffield
Director, Corporate Communications
phone: 416-365-3034
Samantha.Sheffield@Kinross.com
Investor Relations Contact
David Shaver
Senior Vice-President, Investor Relations & Communications
phone: 416-365-2854
InvestorRelations@Kinross.com
Source: Kinross Gold Corporation
| p. 2 Kinross upgraded to Baa2 Rating by Moody’s | www.kinross.com |