Kinross Gold will draw on existing facility for Great Bear acquisition

Chicago, Dec. 8 – Kinross Gold Corp. said that its acquisition of Great Bear Resources Ltd. for $1.4 billion will use existing liquidity, according to a press release.

At Sept. 30, the company had cash and cash equivalents of $586.1 million and a $1.5 billion revolver.

The transaction is expected to close in the first quarter of 2022.

Canaccord Genuity Corp. and Trinity Advisors Corp. are acting as financial advisers to Kinross, with Osler, Hoskin & Harcourt LLP acting as legal advisor.

Kinross is a Toronto-based gold mining company.

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