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StocksMedium•12 February 2026•

1 min read

Kinross Gold Launches Extensive Drilling Program at Dixie Halo Property

A man in a suit in front of a financial dashboard, with American Express logos, a credit card, gold, and oil derricks on a golden background.

Kinross Gold Corp (KGC) is set to commence a two-phase drilling program on BTU Metals Corp.'s Dixie Halo property, aiming to acquire a 70% stake by the end of 2026. The initial phase will involve extensive drilling to explore potential gold and copper mineralization, with a second phase targeting the western side of the property. This strategic move is intended to expand Kinross's asset base and explore new resources. Despite strong financial performance characterized by robust revenue and operating margins, Kinross faces challenges with declining long-term gross margins. Furthermore, the company's valuation metrics are nearing historical highs, introducing a degree of caution. The program seeks to bolster Kinross's future growth potential within the mining sector.