Kinross Gold Corp Mining News

Gold miners hammered by metal’s biggest one-day loss this month

Shares in most gold miners fell Monday as the precious metal price dropped more than 1% in early trading and was steadily heading to its largest single-session loss of the month.

Gold stocks are soaring and we don’t need to tell you why

While gold is giving back some of its largest gains following Trump's win in the US Presidential election, miners of the precious metals continue to climb.

Major Aussie miners BHP, Hancock to mine in Ecuador — report

Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.

Kinross Gold inks labour deal that ends dispute at Mauritania mine

The company had halted production in June following a government inspection that led to a row over work permits, but work resumed in August.

Kinross Gold halts Maricunga mine in Chile, lays off 300 workers

Suspension of Maricunga comes earlier than planned after a court upheld the country’s regulator decision to shut down the water system linked to the mine over environmental concerns.

Kinross eyes expansions at its new gold mines in Nevada

Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.

Kinross Gold suspends work at Tasiast mine in Mauritania, shares dive

Decision follows the West African country order to expatriates whose work permits were invalid to stop working.

Gold firms gear up for growth as cost of mining the metal falls

Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.

Kinross Gold workers strike at Tasiast mine in Mauritania, shares plummet

Mauritanian workers complain that there is a major gap between their salaries and Canadian expats working for Kinross.

Kinross Gold reports first-quarter loss but tops expectations

The Canadian miner posted a loss of $13.9 million in its first quarter.

Kinross is going ahead with expansion of its Tasiast gold mine in Mauritania

Project is expected to dramatically increase production and slash costs at the troubled mine.

Happy day for miners: shares up by levels not seen since 2008

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

Gold hits seven-week high on global cues, miners soar

The precious metal is building on gains from earlier in the week, triggered mainly by escalating geo-political tensions in the Middle East and North Korea’s nuclear test.

Barrick Gold sells four US mines for $720 million

The move would help the miner meet its ambitious target for reducing its $13 billion debt by $3 billion before year-end.

Kinross Q3 revenue drops 15%, Denver office to be shut

222 Tasiast employees let go in September.

Ecuador aims to attract $750M in mining investment next year

The government is planning to open up new mining areas for gold and copper exploration.

Newmont, Kinross likely to buy Barrick’s US gold assets

The company's president, Kelvin Dushnisky, said he expects the imminent sale of six U.S. assets to close before the end of the year.

Gold crash isn’t over — prices near five-year lows

The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.

AngloGold, Newmont in talks over sale of Colorado mine

The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.

Canada's Kinross Gold spied on opponents and activists in Brazil

The company's ambitions to create most productive gold mine in Brazil plagued by health risks and threats to activists and opponents.

AngloGold a step closer to selling U.S. mine

Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.

Chile’s floods: What others are not telling you

While miners operating in the affected area did not reported any serious damage, blocked roads forced some to halt operations and the final costs remain to be seen.

Kinross drops $1.6bn Tasiast expansion

Toronto-based gold miner also cuts production outlook and raises costs for 2015.

Inglorious writedowns: Gold sector’s bad bets wiping out lifetime earnings — and investor confidence

Goldcorp Inc. could soon join an inglorious group: large gold miners that have a net loss to show for their entire history as corporate entities.

Gold down again, some miners selling at loss

Friday’s rally was just a brief break for the precious metal.