Kinross Gold Corp
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Kinross reports record free cash flow of $1B for 2020
Toronto-based gold major Kinross Gold (TSX: K; NYSE: KGC) has released its fourth-quarter and year-end 2020 financial results. Production of 2.4 million gold-equivalent oz. for the year (624,032 oz. in the fourth quarter) at all-in sustaining costs of US$987 per…
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GOLD: Scorpio Gold to acquire Manhattan property claims in Nevada
NEVADA – Scorpio Gold is acquiring land in Nevada’s Manhattan mining district that adjoins the southwestern boundary of its Goldwedge property and includes two past-producing mines. The acquisition of the Manhattan project property claims from Round Mountain Gold and KG Mining will…
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TECHNOLOGY: Kinross, acQuire join forces to upgrade app for blasthole sampling
NEVADA – Kinross Gold has joined forces with acQuire, a geoscience data management software provider, to update its geoscientific information management (GIM) suite and add a new mobile data capture solution for blasthole sampling. A team from Kinross’s Round Mountain open-pit grade…
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GOLD: Fiore updates resource for Golden Eagle
WASHINGTON – Fiore Gold has released an updated resource estimate for its wholly owned Golden Eagle project, within the past-producing Republic/Eureka mining district. Measured and indicated resources are now at 45.4 million tonnes grading 1.38 g/t gold and 6.44 g/t…
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GOLD: Kinross workers strike at Mauritania mine
MAURITANIA – Unionized workers at Kinross Gold’s Tasiast gold mine in Mauritania have downed tools, the company announced Tuesday. The company said it disagrees with the basis of the strike notice, but remains open to discussions with delegates to resolve the situation. Kinross said it…
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The Northern Miner Podcast – episode 181: Mining in the age of the coronavirus, ft Kinross Gold
This episode features a fireside chat with senior executives from Kinross Gold, including president and CEO Paul Rollinson, Chief Financial Officer Andrea Freeborough, Chief Technology Officer Paul Tomory, Corporate Development, External Relations & Chief Legal Officer Geoffrey Gold, and Tom Elliott, Investor Relations & Corporate…
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COVID-19: Coronavirus impacts spread across mining sector
As the world seemingly moves into lockdown to halt the transmission of the novel COVID-19 virus, the uncertainty and restrictions on movement are taking a toll on markets and commodities. After initially benefiting from uncertainty around the virus and peaking…
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GOLD: Kinross signs debt financing for Tasiast
MAURITANIA – Kinross Gold has signed a loan agreement for up to US$300 million with the International Finance Corporation (a member of the World Bank group) and Export Development Canada with the additional participation of ING Bank and Societe Generale…
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GOLD: Kinross sells stake in Lundin Gold for $150M
TORONTO – Kinross Gold is selling 20.7 million shares or its 9.2% stake in Lundin Gold for $150 million. Current shareholders Newcrest Mining and the Lundin Family Trust are buying the Kinross shares, boosting their interest in Lundin Gold to 32% (from…
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GOLD: The top 10 gold producers in the world
VANCOUVER – Global gold production hit another record just shy of 109 million oz. in 2018, up more than 23 million oz. since the start of the decade. The ranks of the top producing companies stayed remarkably stable, but last…
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GOLD: Rockcliff drills historic Manitoba mine
Rockcliff Metals (TSX.V: RCLF) announced that it is about to kick off a first phase drill program on its high-grade Laguna Gold property located in Snow Lake, Manitoba. The Laguna Gold Property hosts the past producing Rex-Laguna Mine that was…
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GOLD: Kinross goes forward with $1B Tasiast, Round Mountain expansions
TORONTO – Kinross Gold is proceeding with not one, but two major expansions. One is the $590-million (all U.S. dollars) expansion phase two of the Tasiast mill in Mauritania, and the other is the $445-million phase W mining expansion at…
