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
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...