By Shane Lasley
Mining News 

Kinross Gold sells all Russian assets

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

 

Last updated 6/23/2022 at 2:40pm

Convoy of trucks cross frozen landscape on its way to eastern Russia gold mine.

Kinross Gold Corp.

Trucks deliver supplies over a winter road to Kinross' Kupol gold mine in the Chukotka region of Russia's Far East.

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 closi...



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