Kinross Gold reported production of 603,312 attributable gold-equivalent oz. in the third quarter of 2020, compared with 608,033 gold-equivalent oz. over that same period last year. According to the company, the decrease was largely due to lower production at Paracatu, Maricunga…
TORONTO – Kinross Gold‘s Lobo-Marte gold project in northern Chile could produce a total of 4.5 million oz. gold over a 15-year mine life at an estimated cost of US$995 million, according to a prefeasibility study (PFS) released today. The…
Michael Luzich has joined Amerigo Resources as a director. Mr. Luzich is the founder of Luzich Partners LLC, a multi-strategy investment firm formed in 2013 and a significant shareholder in the company. Bill Harper, director and chairman of the audit…
Kinross Gold is selling its royalty portfolio to Maverix Metals for US$74 million in cash and shares. The deal includes a US$25-million cash component and 11.2 million shares in Maverix, which will give Kinross a 9.4% interest in the growing…
In an increasingly complex business environment, what do mining companies want from suppliers? It turns out, they’re looking for much more than just technology. At MSTA Canada’s two-day annual forum in Toronto this week, miners emphasized the desire for a…
A Reuters news report stating Kinross Gold (TSX: K; NYSE: KGC) is “putting future deals in Russia on hold” after recently acquiring a development project in the country is “an unfortunate mischaracterization,” the company told The Northern Miner. “We are not paused in…
Toronto-based Kinross Gold is expanding its portfolio in Russia with the acquisition of a large, open pit development project in the country’s Far East region. The company is paying US$283 million for the Chulbatkan project to N-Mining, $113 million in…
TORONTO and THUNDER BAY, Ont. – Kinross Gold has acquired 12.5 million shares at $0.20 a share of Wolfden Resources for a $2.5 million investment for a 9.7% stake in the junior exploration company. The two companies will form of a committee to…
Kinross Gold (TSX: K; NYSE: KGC) produced 2.45 million gold-equivalent ounces last year with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company wide production this year will be similar to 2018.…
TORONTO – Kinross Gold has released its third quarter results that indicate the company achieved solid production and generated a cash flow. Operations in Nevada, Brazil, Ghana and Russia all performed well, said the company. On the production side, the…
CHILE – The supreme court of Chile has maintained the closure of the water pumping wells at the Maricunga gold mine owned by Toronto’s Kinross Gold. This is the latest chapter in a long dispute between the company and the…
NEVADA – Toronto-based Kinross Gold has made a gift of US$75,000 over the next three years to support the College of Agriculture, Biotechnology and Natural Resources’ Great Basin sagebrush restoration project. Sagebrush ecosystems have shrunk 56% from historical size due…