According to the company's statement, pursuant to the July 2018 option agreement, Kinross has earned a 70% interest in Laguna by completing expenditures in excess of the required C$5,500,000 ahead of the third year anniversary of the six year option agreement. Rockcliff retains a 30% participating interest in Laguna.
Kinross Gold (TSX: G) (NYSE: KGC) is selling its 90% interest in the Chirano mine in Ghana to fellow Canadian Asante Gold (CSE: ASE) in a cash and shares deal worth $225 million. The open-pit and underground mining operation in southwestern Ghana produced 154,668 gold-equivalent ounces in 2021, compared to 166,590 in 2020 and is located ...
The company is using $1,200 an ounce as a gold-price assumption for its mine plans. Kinross will release financial and operating results for the third quarter of 2020 on Nov. 4th, after market...
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The Tasiast open-pit mine, located in northwestern Mauritania, about 300 km north of the capital Nouakchott, produced 391,097 gold-equivalent ounces in 2019. The figure was significantly higher ...
TORONTO, July 27, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (the "Company") today announced that the Company's Board of Directors has declared a dividend of US$0.03 ...
Kinross Gold stock price target cut to $5.10 from $7.50 at BofA Securities. Jul. 8, 2022 at 9:58 a.m. ET by Tomi Kilgore.
Kinross Gold Corp headquarters address, phone number and website information and details on other Kinross Gold Corp's locations and subsidiaries. ... US Companies Exposed to China; Companies Looking for Funding; ... Red Back Mining Inc Canada. Echo Bay Mines Ltd Canada. Kinross Brasil Mineracao S/A. Brazil. Fairbanks Gold Mining, Inc. ...
News Releases. August 10, 2022 Kinross completes sale of Chirano mine in Ghana. July 29, 2022 Kinross announces senior management changes. July 28, 2022 Kinross announces renewal of share buyback program. July 27, 2022 Kinross reports 2022 second-quarter results. View all.
The buyer is Asante Gold Corporation which in August last year bought the Bibiani gold mine from Resolute Mining for $90m. Kinross will own some 9.9% of Asante Gold which it has agreed to hold for at least a year post deal closure. Chirano represents about 3% of Kinross' total mineral reserve estimates as of its 2021 financial year end.
Canada's Kinross Gold has announced it has entered into a sale agreement with Asante Gold to sell the company's 90 per-cent stake in the Chirano mine in Ghana for a total of $225 million in cash and shares. "The transaction is expected to be completed on or around May 31, 2022. The Government of Ghana has issued a 'letter of no objection' regarding the change …
1 In Q2'22 these GDXJ-top-25 gold mid-tiers reporting cash costs averaged a shocking $974 per ounce! That soared 18.7% YoY, and was an ominous record high. That was also up big sequentially from ...
Last year we launched a new report, Gold Mining's Contribution to the UN Sustainable Development Goals (SDGs), looking at the meaningful progress our Members are making towards social and economic development. We spoke to Kinross Gold Corporation about their achievements and aspirations when it comes to contributing to the SDGs and heard first …
Customer Profile Founded in 1993, Kinross Gold is a senior gold mining company with a diverse portfolio of global mines and projects. Headquartered in Toronto, Canada, Kinross employs approximately 9,000 people worldwide, focused on delivering operational excellence, balance sheet strength, disciplined growth, and responsible mining.
SEATTLE (Scrap Monster): Kinross Gold Corporation announced that it has completed the sale of all of its interest in the Chirano, Ghana mine to Asante Gold Corporation. The transaction is for a total consideration of $225 million in cash and shares. Further to the transaction, Kinross received $60 million in cash and 34,962,584 common shares of ...
Newcrest produced 480 thousand ounces of gold in Q1 2022, down 6% compared to Q1 2021 (512 thousand ounces). China's Zijin Mining produced 421 thousand ounces of gold in Q1 2022, up 17% over Q1 2021. Freeport-McMoRan sits ninth and produced 415 thousand ounces of gold in Q1 2022, up 40% over Q1 2021, primarily due to the ramp-up of ...
Toronto-based Kinross Gold has announced it signed a deal to take over Great Bear Resources. The transaction will allow Kinross Gold to acquire Great Bear's flagship Dixie project in the Red Lake mining district in Ontario, Canada. "The Dixie project is one of the most exciting recent gold discoveries globally and extensive drilling results have shown the …
Credit: Lundin Gold Inc. Canadian mining firm Kinross Gold has agreed to sell its remaining 20.65 million shares in Lundin Gold for approximately C$150m ($113.8m). The shares will be sold to a syndicate of buyers, including Newcrest Mining's wholly owned subsidiary and the Lundin Family Trust. The Kinross sale of Lundin shares is part of its ...
Kinross operates two mines in Nevada, one of the top mining jurisdictions in the world. The Company also has a mine and a development project in Alaska, where it has successfully operated for more than 25 years. Fort Knox, Alaska. Round Mountain, Nevada. Bald …
Kinross offers a compelling investment opportunity as a senior gold producer with an excellent operational track record, strong balance sheet and commitment to responsible mining. Why Invest in Kinross News & Investors ESG Analyst …
Kinross Gold of Toronto is set to take full control of Vancouver-based Red Back Mining in a deal valued at $7.1bn, broadening Kinross's reach to west Africa, where Red Back's operations are ...
The consensus estimate for Kinross Gold's current full-year earnings is $0.33 per share. Raymond James also issued estimates for Kinross Gold's Q4 2022 earnings at $0.10 EPS and FY2022 ...
Sale finalised Canada's Kinross Gold has announced it has completed the sale of 100 percent of its assets in Russia to the Highland Gold Mining group of ... Home; Advertise; International news within the industry of mining and metal, Aug, 03 2022. Latest News. Grizzly Discoveries eyes drilling at Canadian copper-gold-silver prospects. Epiroc ...
Canada's Kinross Gold Corporation has provided an update on its development plan at the company's Red Lake, Ontario-based Great Bear project following the finalisation of the acquisition of Great Bear Resources Ltd. in late February. Kinross says it plans to declare an initial inferred mineral resource as part of the miner's 2022 year-end results, and launch a pre …
Kinross Gold stock price target cut to $5.10 from $7.50 at BofA Securities. Jul. 8, 2022 at 9:58 a.m. ET by Tomi Kilgore.
Kinross Gold. Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. [3] The company's mines are located in Brazil, Ghana ...
SEATTLE (Scrap Monster): Kinross Gold Corporation announced that it has entered into an agreement with Asante Gold towards potential sale of the company's 90% interest in the Chirano gold mine in Ghana. It must be noted that the remaining 10% interest is held by the government of Ghana. The announcement comes a day after the company selling its Russian …
Kinross enters the global gold mining business. 1993. Founder Robert M. Buchan (P. Eng.), establishes Kinross through the amalgamation of CMP Resources Ltd., Plexus Resources Corp. and 1021105 Ontario Corp. 1993.
Kinross has given me the opportunity to gain experience in both Russia and Brazil through the Generation Gold program. The program allowed me to further my knowledge in the mining industry by gaining exposure with both underground mining and strategic business planning. At the end of the program, I returned to Tasiast where I now manage the process, integration and …