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Kinross Gold Corp T.K

Alternate Symbol(s):  KGC

Kinross Gold Corporation is a Canada-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The Company’s projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast and Great Bear projects. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska. Round Mountain is a long-life, open pit mine located in Nevada. Bald Mountain is an open pit mine with an estimated mineral resource base located in Nevada along the southern extension of the prolific Carlin trend. Manh Choh project is in Alaska, located approximately 400 kilometers southeast of Fort Knox. Paracatu is a long life, cornerstone operation located near the city of Paracatu in Brazil’s Minas Gerais region. It operates the La Coipa mine in the Atacama region and owns the Lobo-Marte development project, which is located approximately 50 kilometers southeast of La Coipa.


TSX:K - Post by User

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Post by SAGE1on May 08, 2014 4:59pm
261 Views
Post# 22540891

Note on Russia Mine

Note on Russia MineMay 8, 2014 9:12 AM (Kitco News) - Kinross Gold Corp.’s (TSX:K)(NYSE:KGC) Dvoinoye mine, located in Russia, has been unaffected by the geopolitical turmoil between Russia and Ukraine, the company said Thursday. The mine is located at the opposite end of the Russian and Ukrainian border, farther east than Japan. “Our operations in far eastern Russia are very far removed from the Ukraine and remain unaffected by recent developments,” said J. Paul Rollinson, chief executive officer of Kinross, during the company’s first-quarter earnings conference call. “We are monitoring the situation closely and will continue to focus on managing potential risk, as we do at all of our operations,” he said. “I can’t speculate on possible future scenarios and won’t engage in any discussion about the political situation on the ground; however, I would say we have a long history in Russia. Our extensive experience and relationships have served us well.” Dvoinoye had a strong quarter for Kinross, producing 83,000 gold equivalent ounces, a big quarter-on-quarter jump from the 24,000 gold equivalent ounces produced in the fourth quarter of 2013. The company said it was due to processing higher grades at its expanded Kupol mill nearby.
Bullboard Posts