Kinross Gold cuts ties with two more executives as it eyes cost cuts – by Niall McGee (Globe and Mail – April 17, 2019)

Kinross Gold Corp. is cutting ties with two more senior executives, weeks after it let go of its chief financial officer, as it focuses on cost cutting.

On Tuesday, Toronto-based Kinross said that chief operating officer Lauren Roberts and Gina Jardine, senior vice-president, human resources, are leaving the firm. Company spokesman Louie Diaz said that Kinross has no plans to replace either role.

In March, Kinross said it was parting ways with chief financial officer Tony Giardini. He will be replaced by Andrea Freeborough, vice-president, investor relations and corporate development.

In a press release, Kinross said the latest staff reductions were motivated by the need to increase efficiency and better manage costs. Kinross is considered to be among Canada’s highest-cost and worst-performing senior gold miners.

Mr. Roberts had been at the firm for 15 years and had held various senior roles, including senior vice-president of corporate development before being promoted to COO in January, 2017. Last year, he earned US$1.65-million in compensation.

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