...Kinross Gold Corporation's ratings reflect the company's solid operating profile, moderate leverage and robust liquidity as well as the need for future development spending to maintain production at current levels. The Positive Outlook reflects Fitch Ratings' view that Kinross is trending toward maintaining an average mine life of at least 10 years and improving its average cost position more solidly in the second quartile of the global cost curve while maintaining at least 2 million gold equivalent ounces (GEO) of production and total debt/EBITDA sustained generally below 2.0x. The Rating Outlook could stabilize if Fitch believes that total debt/EBITDA will trend between 2.0x and 2.3x or FFO leverage will range between 2.5x and 2.8x....
