The mining newspaper for Alaska and Canada's North

Kinross Gold sells all Russian assets

Russian foreign investment commission okays sale at half price North of 60 Mining News – June 17, 2022

Kinross Gold Corp. has finalized the sale of its Kupol Mine and gold exploration properties in Russia's Far East to the Highland Gold Mining group of companies for US$340 million in cash.

On June 15, Kinross reported that it has already received $300 million in U.S. denominated cash in its corporate account and will receive a deferred payment of $40 million on the one-year anniversary of closing t...

 

Reader Comments(0)