By: Henry Lazenby
TSX-V-listed Fortress Minerals had agreed to buy the stalled Fruta del Norte (FDN) gold/silver project, in Ecuador, for $240-million in cash and scrip from TSX- and NYSE-listed Kinross Gold.
Kinross last year booked a $720-million charge related to the discontinued FDN. Kinross shelved the project after it and the Ecuador government could not agree over a 70% windfall tax. →