Kinross World Tracker

x
3.83
-0.025 (-0.65%)
TSX:K
2.87
-0.02 (-0.69%)
NYSE:KGC
1244.4
2.5 (0.2%)
GOLD
  • -18
    °C
    12/13, 11:36am
    Fort Knox, Alaska
    2
    °C
    12/13, 3:36pm
    Toronto, Ontario
    7
    °C
    12/13, 12:36pm
    Kettle River-Buckhorn, Washington
    4
    °C
    12/13, 12:36pm
    Round Mountain, Nevada
  • -1
    °C
    12/13, 12:36pm
    Bald Mountain, Nevada
    14
    °C
    12/13, 6:36pm
    Maricunga, Chile
    24
    °C
    12/13, 6:36pm
    Paracatu, Brazil
    19
    °C
    12/13, 8:36pm
    Mauritania, West Africa
  • 28
    °C
    12/13, 8:36pm
    Chirano, Ghana
    -2
    °C
    12/13, 11:36pm
    Moscow, Russia
    -24
    °C
    12/14, 6:36am
    Magadan, Russia
    -34
    °C
    12/14, 6:36am
    Kupol, Russia
    20
    °C
    12/13, 8:36pm
    Las Palmas, Spain
    22
    °C
    12/13, 5:36pm
    Belo Horizonte, Brazil
3.83
-0.025 (-0.65%)
TSX:K
2.87
-0.02 (-0.69%)
NYSE:KGC
1244.4
2.5 (0.2%)
GOLD
  • -18
    °C
    12/13, 11:36am
    Fort Knox, Alaska
    2
    °C
    12/13, 3:36pm
    Toronto, Ontario
    7
    °C
    12/13, 12:36pm
    Kettle River-Buckhorn, Washington
    4
    °C
    12/13, 12:36pm
    Round Mountain, Nevada
  • -1
    °C
    12/13, 12:36pm
    Bald Mountain, Nevada
    14
    °C
    12/13, 6:36pm
    Maricunga, Chile
    24
    °C
    12/13, 6:36pm
    Paracatu, Brazil
    19
    °C
    12/13, 8:36pm
    Mauritania, West Africa
  • 28
    °C
    12/13, 8:36pm
    Chirano, Ghana
    -2
    °C
    12/13, 11:36pm
    Moscow, Russia
    -24
    °C
    12/14, 6:36am
    Magadan, Russia
    -34
    °C
    12/14, 6:36am
    Kupol, Russia
    20
    °C
    12/13, 8:36pm
    Las Palmas, Spain
    22
    °C
    12/13, 5:36pm
    Belo Horizonte, Brazil

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Kinross announces sale of Cerro Casale interest

On March 28, we announced an agreement to sell our 25% interest in the Cerro Casale project in Chile, and our 100% interest in the Quebrada Seca exploration project located adjacent to Cerro Casale, to Goldcorp Inc. Read the full news release here.

“The sale of these non-core assets will further strengthen our balance sheet and give us more financial flexibility for our numerous organic development projects in each of our operating regions,” said J. Paul Rollinson, President & CEO.

Terms of the sale include $260 million in cash, other contingent cash considerations, and a royalty for metals sold at Cerro Casale and Quebrada Seca. On closing, Kinross will also enter into a water supply agreement with the Cerro Casale joint venture. After certain conditions are met, the agreement will provide Kinross with certain rights to access, up to a fixed amount, water not required by the Cerro Casale joint venture.

The water supply agreement could give Kinross more flexibility and options regarding its remaining Chilean assets, which continue to have a lot of potential.

 
© Kinross Gold Corp. 2018 Legal Disclaimer