LEADERSHIP

Kinross announces new CFO

Andrea Freeborough to replace Tony Giardini

Staff reporter

This article is 5 years old. Images might not display.

Freeborough is a chartered accountant and first joined Kinross in 2009 as vice-president corporate controller.

More recently she was VP of investor relations and corporate development and provided leadership on acquiring two hydroelectric power plants in Brazil which Kinross expects to substantially reduce costs at Paracatu.

Freeborough was named among the "100 Global Inspirational Women in Mining" by Women in Mining UK in 2016.

"Andrea's successful track record at Kinross and throughout her career, including accounting, international finance, M&A, and deep management experience, will be an excellent addition to our leadership team," president and CEO J. Paul Rollinson said.

Giardini is leaving the company "by mutual agreement to pursue new opportunities" and Rollinson thanked him for his many valuable contributions.

"His commitment to financial discipline and maintaining a strong balance sheet, and his sharp focus on capital management have strengthened the company's financial position and equipped us to execute on our development projects and invest in our future," he said.

Earlier this month, the gold miner said in 2018 it had met its production, cost and capital guidance for the seventh consecutive year, producing 2.45 million gold-equivalent ounces at an all-in sustaining cost of US$965/oz Au-eq.

It expects to produce about 2.5Moz Au-eq this year at costs in line with 2018.

Kinross shares are trading near the midpoint of the 52-week range of C$3.15-$5.38, closing up 1.88% yesterday to $4.34 to capitalise it at $5.4 billion.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.