Kinross Gold Corp Mining News

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.

Is Ecuador ‘Fertile Ground’ for Gold Discoveries? – Steve Todoruk

Ecuador recently scared off a potentially huge investment from Kinross, which had been set to develop the massive Fruta del Norte gold mine.

Fortress Minerals to acquire Fruta del Norte project for US$240 million

Changing its name to Lundin Gold.

Kinross Gold allegedly trying to recover Ecuador mine losses

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.

Kinross cuts Tasiast expansion costs by $1.1 billion

Toronto gold miner won't make final decision on expansion project before 2015.

Gold sector nightmare not over: price drop forcing them to slash reserves

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.

Kinross delivers upbeat results

Toronto-based firm's revenues and profits come in ahead of expectations amid tough times for gold miners.

Heavy selling of gold stocks may point to further declines for bullion

The sector takes a battering on Tuesday led by 6.7% decline for Goldcorp, world's most valuable gold miner.

Ecuador and Codelco form JV to explore close to $200bn untapped copper reserves

Ecuador’s mining chamber of commerce values the country’s total mineral wealth at $220 billion.

Kinross posts $2.4 billion net loss in Q2

$2.29 billion non-cash write-down and Tasiast mine expansion on hold.

New rules could reduce government revenue demands from miners: Steve Todoruk

Mining companies started pushing to clarify the true costs of production over a year ago.