Kupol mine, Russia

An openpit/underground mine, situated in Russia

Kinross earnings up 40% as prices, output rise

Canada's Kinross Gold earned $255,2-million in the first quarter, an increase of 40% compared with a year ago, after gold prices surged and the company increased production levels. Excluding once-off items, adjusted net earnings rose 81% year on...

Kinross puts $290m price tag on Maricunga expansion

A project to expand capacity at Kinross' Maricunga mine, in Chile, will cost about $290-million, CEO Tye Burt said on Thursday. Kinross, which announced this week it has agreed to buy West Africa-focused Red Back Mining, is expanding its existing...

Kinross buys B2Gold's right to Kupol exploration licences

Vancouver-based B2Gold will sell its right to an interest in two exploration licence areas surrounding Kinross Gold's Kupol mine to the larger miner, the two companies announced on Friday. Under the terms of a previous agreement, Kinross had...

Kinross hiked gold reserves 12% in 2009, completes Lobo-Marte prefeas

Canada's Kinross Gold increased its proven and probable gold reserves by more than 12% in 2009, and has completed a prefeasibility study on its Lobo-Marte project in Chile, the company reported on Thursday. "With proven and probable gold reserves...

Kinross to buy gold deposit near Kupol, plans underground mine

Toronto-based Kinross Gold has agreed in principle to buy a high-grade gold deposit located about 90 km from its remote Kupol mine, in eastern Russia, for about $368-million in cash and shares, the company announced on Wednesday. However, the...

Kinross expects decision by year-end on new mill for Paracatu

Canada's Kinross Gold expects to make a decision by the end of the year on installing extra grinding capacity at its Paracatu operation, where it has run into difficulties ramping up an expansion project. The company is working on a scoping...

Hana Mining names former Kinross exec as COO

Vancouver-based Hana Mining has appointed James Sullivan as president and COO, effective immediately, the company announced on Thursday. He replaces Peter Wilson, who will remain as a director and a member of the management team.

Kupol mine, Russia

An openpit/underground mine, situated in Russia

Russia boosts gold output 21% in Jan to July

Russian gold output jumped 21% in the first seven months of the year due to the launch of several large projects in the country's far east, including Kinross Gold's Kupol mine in the remote Chukotka region. Russia, the world's fifth-largest gold...

Kinross reports $76,5m Q1 profit

Canadian gold miner Kinross Gold earned $76,5-million in the first quarter of 2009, compared with $70,9-million a year earlier. Net earnings included a $5,6-million foreign-exchange translation gain, the company said.

Central Sun, B2Gold complete merger

Canadian juniors Central Sun Mining and B2Gold have combined their businesses, after the all-share transaction received court approval on Wednesday. Central Sun shareholders received 1,28 of B2Gold's shares for every Central Sun share held, and...