Canadian gold mining company Kinross Gold Corp. said Tuesday it will sell $1 billion in unsecured debt securities for general corporate purposes, including funding for capital expenditures, with closing of the offering set for next Monday.

The securities consist of $250 million principal amount of its 3.625 percent senior notes due 2016, $500 million principal amount of its 5.125 percent senior notes due 2021 and $250 million principal amount of its 6.875 percent senior notes due 2041.

The notes will be unsecured, senior obligations of Kinross and be wholly and unconditionally guaranteed by certain of Kinross's wholly-owned subsidiaries that are also guarantors under Kinross's amended and restated senior unsecured credit agreement. The offering is expected to close on August 22, 2011.

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