Kinross commissions third ball mill at Brazil mine

Canada's Kinross Gold has installed and commissioned a third ball mill at its Paracatu project in Brazil, increasing the throughput capacity at the operation. The mill was started up on schedule and within budget, and is currently operating at...

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 doubles revolving credit facility

Kinross Gold has amended its unsecured revolving credit facility, increasing the available credit from $600-million to $1,2-billion, the firm said on Thursday. The change is “consistent with the growth of the company over the past year”,...

Kinross gets preapproval for increased stake in Kupol mine

Russia has given preapproval for Kinross Gold to increase its ownership in the Kupol gold mine, in the Russian Federation's Far East Region, to 100%, the Toronto-based firm said on Friday. Kinross' local subsidiary applied for and received the...

Kinross says 2010 output met targets

Toronto-based Kinross Gold expects to report production and costs for 2010 that fall within previous guidance issued to the market, the miner said on Friday. Kinross had forecast production of between 2,3-million and 2,35-million gold-equivalent...

Tasiast one of world's 'great new gold mines' – Kinross chief

Red Back Mining's Tasiast gold deposit in Mauritania will be “one of the great new gold mines in the world today,” CEO Tye Burt said on Wednesday. Kinross has said it estimates resources at Tasiast could get to between 17-million and...

Kinross still defending Red Back deal

Kinrooss Gold said on Friday it “rejects” a negative recommendation by proxy advisory firm Institutional Shareholder Services on the gold-miner's $7-billion acquisition of West African-focused Red Back Mining. The Toronto-based gold miner...

'Trust me', Kinross chief says on Red Back buy

Kinross Gold CEO Tye Burt insisted on Tuesday that he and his team have a better idea than the market of what the gold-miner is getting with its acquisition of Red Back Mining, as investors and analysts raised eyebrows over the dilutive nature of...

Red Back trims output forecast for Mauritania mine

West Africa-focused Red Back Mining has lowered its production estimate for the Tasiast gold mine, in Mauritania, by 15%, as it battles pipe failures that are affecting water supply to the operation. Two sections of the second waterline from the...

Kinross CEO plays his cards close on plans for Red Back shares

Tye Burt, the CEO of Toronto-based gold-miner Kinross, was not giving anything away on Wednesday about his plans for a 9,4% stake in West Africa-focused Red Back Mining, announced late the previous day. “It's too early to say. We can't give a...

Red Back hikes reserves 39% at Mauritania gold mine

Gold reserves at Red Back Mining's Tasiast mine, in Mauritania, have increased by 39% compared with the previous estimate, to 2,28-million ounces, the firm announced on Monday. Altogether, reserves at the mine have been boosted by 119% since Red...

Ghana lures miners with new laws opening forests

Ghana hopes to lure investors with new mining laws that include opening up hitherto safeguarded forest preserves, mining minister Kwadwo Agyei-Darko said this week.