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 already operates Kupol & Dvoinoye mine 🇷🇺 Russia

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Post by GoldenPolarBear on Mar 30, 2022 6:33pm

“Kinross already operates Kupol & Dvoinoye mine 🇷🇺 Russia

Kinross is going to have issues if they don't divest of their golden interests in Russia! https://www.mining.com/kinross-in-negotiations-to-sell-russian-mines/

"... Russian gold miners Polymetal and Petropavlovsk warned on Wednesday of increasing hurdles in doing business, including higher operating costs and continued challenges repaying loans to sanctioned banks.

Petropavlovsk said it was in early talks with its main lender, the sanctioned Russian bank Gazprombank, to restructure its debt after being unable to make repayments. It has also been unable to sell its gold.

The company, whose top investor is Russian billionaire Sergey Sudarikov, said any restructuring of its debt would have to be within the limitations of the sanctions.

https://ca.finance.yahoo.com/news/russian-gold-miners-dig-ways-065340508.html

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