Bullboard - Stock Discussion Forum Kinross Gold Corp T.K

Alternate Symbol(s): KGC

Metals & Mining Gold

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... see more

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Kinross Gold Corp > “ Kinross Gold seeks to divest its Russian assets, 🇷🇺

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Post by GoldenPolarBear on Mar 29, 2022 6:23pm

“ Kinross Gold seeks to divest its Russian assets, 🇷🇺

"...

"...Kinross Gold seeks to divest its Russian assets, says in exclusive negotiations with potential buyer..."

"... Kinross added it has received a number of unsolicited proposals regarding its Russian business and is now in exclusive negotiations with a third-party mining company regarding a potential sale of 100% of its assets in the country.

“Any such divesture or change of control would be subject to Russian government approval,” the company noted in a statement.

The company also said that its Russian subsidiaries are continuing to operate during the transition period and that it will also continue to manage and mitigate the environmental impacts of its operations.

“The parent company will not benefit financially from the operations while the transition plan is finalized. Current activities will be funded through resources already in-country, with no additional investment required by the parent company,” Kinross said in a press-release...."

https://www.kitco.com/news/2022-03-29/Kinross-Gold-seeks-to-divest-its-Russian-assets-says-in-exclusive-negotiations-with-potential-buyer.html
How is Kinross going to get approval from the Russian government if ever?

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Comment by spacegimp on Mar 29, 2022 8:23pm

And for the highest free cashflowing mine kinross has some lucky devil will be paying rock bottom price. Kinross pays the price for bad western politicians

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Comment by materialsgirl on Mar 30, 2022 6:18pm

Bad western politicians? May I ask you to explain what you mean? mat

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Comment by gossamer9 on Mar 30, 2022 11:24pm

This post has been removed in accordance with Community Policy

Comment by flashcash on Mar 31, 2022 8:54am

Nothing to do with the large neighbor's turn the blind eye tactics....for money and oil....oh hum. A Democracy my backside...

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Comment by stockstarker on Mar 29, 2022 8:26pm

This should be a positive for the share price of Kinross. Kinross has been penalized for operating in Russia so there should be a big improvement in the share price because the naysayers will no longer have a reason to trash Kinross. Shorters will have to cover their shot positions sooner than later or pay the price. Go Kinross go!!!

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