Kinross Gold Corporation
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ROYALTIES: Maverix Metals boosts its portfolio with Kinross deal
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…
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FORUM: Miners look for suppliers who can commit
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…
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Kinross denies Reuters report ‘putting future deals in Russia on hold’
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…
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GOLD: Kinross makes US$283M acquisition in Russia
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…
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ZINC-LEAD-COPPER: Kinross takes 9.7% stake in Wolfden
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…
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Kinross Gold posts $23.6M loss for 2018
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.…
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GOLD: Kinross on track for 2018 production and costs
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…
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GOLD: Court rules against Kinross mine in Chile
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…
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GOLD: Kinross supports sagebrush restoration in Nevada
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…
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GOLD: Kinross to begin expansion at Fort Knox mine
ALASKA – Kinross Gold of Toronto has decided to go forward with the Gilmore expansion at its Fort Knox gold mine about 40 km northeast of Fairbanks. The work is expected to extend the life of mine by six years…
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GOLD: WGC rates Top 10 gold miners
LONDON, U.K. – The World Gold Council has perused the numbers and determined that primary gold production his another record level in 2017. Output totaled roughly 105 million oz., up 17 million oz. from the previous year. Nearly 30% of…
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Premier plans ‘big year’ in Nevada
Having lopped off more than half of its debt last year and with over $100 million in the bank, Premier Gold Mines (TSX: PG) is primed and ready for a big year in 2018, president and CEO Ewan Downie says. “We paid…
