For the year, production came to 418,933 ounces of gold equivalent.

Kinross will continue to monitor Russia sanctions closely as Russia-Ukraine tensions mount.

Palladium also extended gains amid fears of supply concerns from Russia, the top producer.

Company posted a 41% jump in full-year core earnings on Wednesday,

Newmont shareholders of record will receive 55c per share on March 24.

For the royalty, Silver Lake will make a share payment totalling $22 million, compared with Appian’s original acquisition cost of $9.5 million.

As consideration, Gold Royalty will pay a total of $15.8 million.

Costs were up "mainly due to lower gold production, the drawdown of ore stockpiles at certain operations, higher operating costs and inflationary pressures," the company said.