The world’s largest copper producer may be the chosen company to run the Fruta del Norte project, the largest gold deposit in Ecuador, when the concession for the Canadian miner expires August 1.
Kinross Gold Corp Mining News
Reserves estimated at $115 billion.
Country's gold, copper and silver reserves estimated at $115 billion.
Hurry up the start of the Kinross Gold's $1.3 billion Fruta del Norte gold project.
In February Kinross took a $3.2 billion write down attributable largely to Tasiast.
The closure will leave more than 1,000 workers unemployed.
The world's largest copper producer was granted an exploration license last week, but it already faces climbing opposition.
Nearly 25% of the mining copper and gold projects considered in the total 2012 portfolio for the country were hindered.
Only two months after swapping CEOs, Kinross Gold Corporation (TSX: K; NYSE: KGC) has announced its chief financial officer, Paul Barry, is leaving the company “to pursue other interests.”
Per a report from Veritas Investment Research in Toronto, Barrick Gold Corporation (ABX) is exploring the possibility of acquiring Kinross Gold Corporation (KGC), Canada's third-largest gold miner.
Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier for miners from now on.
Seven people were killed Thursday when a military plane chartered by Canada's Kinross Gold Corp. crashed during takeoff in the Mauritanian capital Nouakchott, an army source told AFP.
Canadian Kinross Gold Corp. (TSX:K, NYSE:KGC) said on Wednesday that workers at its Tasiast gold mine in Mauritania, West Africa, have initiated an unlawful work stoppage, halting mining and processing activity.
Canada’s third main gold miner Kinross Gold (TSX:K) will focus on its wholly-owned Paracatu mine, in Brazil's Minas Gerais state, after it sold its stake in the Crixas gold mine to South Africa’s AngloGold Ashanti for $220 million
Canada’s third main gold miner Kinross Gold (TSX:K) is selling its stake in the Crixas gold mine in Brazil, to South Africa’s AngloGold Ashanti for $220-million.
Canada’s big gold miners are under siege in the markets, their shares tumbling even as bullion rides high, and they’re vowing to fight back.
Kinross Gold (TSX:K) took a drubbing in the markets today, along with other major gold producers, as the sector endured an aggressive selloff in the midst of more turmoil in Europe.
The Tasiast gold mine in the Mauritanian desert was the biggest acquisition in Kinross Gold Corp.’s 19-year existence and one of the biggest takeovers in the history of the gold industry.
Ecuador needs at least 300 mining engineers and geologists in the near future to be able to deliver on its recent mining contracts, but only about 40 such professionals graduate annually from six universities that offer those programs, according to the agency that regulates Ecuador’s mining industry.
Kinross, the beleaguered gold producer whose stock price has been hammered of late due to a $4.6 billion writedown and alleged violations of securities laws, will continue pouring gold at its Tasiast mine in Africa until the year 2046, according to a technical report released on Friday.
Ecuador’s government and Canada’s Kinross Gold could sign an agreement in June to develop the long-delayed “Fruta del Norte” gold project, the country’s largest mine, reports local newspaper El Telégrafo.
With the miner's stock having fallen by nearly half since September, bankers see it a target for bigger players who are always on the hunt for deposits to replenish their reserves.
Chinese-owned mining company Ecuacorriente will sign a contract to invest $1.4 billion over five years for extracting copper in Ecuador's southern Amazon, reports local newspaper La Republica.
At last count four law firms say they are filing class action lawsuits stemming from Kinross Gold's decision to take a non-cash goodwill impairment charge of nearly $3 billion.
A number of U.S. law firms are investigating Kinross over claimed non-disclosure of low grade ores at its Tasiast gold project in Mauritania to assess whether the gold miner may have misled investors.