Project is expected to dramatically increase production and slash costs at the troubled mine.
Kinross Gold Corp Mining News
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.
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.
The move would help the miner meet its ambitious target for reducing its $13 billion debt by $3 billion before year-end.
222 Tasiast employees let go in September.
The government is planning to open up new mining areas for gold and copper exploration.
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.
The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.
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.
The company's ambitions to create most productive gold mine in Brazil plagued by health risks and threats to activists and opponents.
Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.
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.
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.
Friday’s rally was just a brief break for the precious metal.
Ecuador recently scared off a potentially huge investment from Kinross, which had been set to develop the massive Fruta del Norte gold mine.
Changing its name to Lundin Gold.
The government may renew Kinross’s rights to the concession, or at least could remove legal hurdles to the prospective sale of Fruta del Norte gold-silver project.
Toronto gold miner won't make final decision on expansion project before 2015.
Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.
Toronto-based firm's revenues and profits come in ahead of expectations amid tough times for gold miners.
The sector takes a battering on Tuesday led by 6.7% decline for Goldcorp, world's most valuable gold miner.
Ecuador’s mining chamber of commerce values the country’s total mineral wealth at $220 billion.
$2.29 billion non-cash write-down and Tasiast mine expansion on hold.
Mining companies started pushing to clarify the true costs of production over a year ago.