Kinross World Tracker

x
4.81
-0.19 (-3.8%)
TSX:K
3.65
-0.15 (-3.95%)
NYSE:KGC
1343.3
3.2 (0.24%)
GOLD
  • -15
    °C
    02/21, 11:19am
    Fort Knox, Alaska
    0
    °C
    02/21, 3:19pm
    Toronto, Ontario
    7
    °C
    02/21, 12:19pm
    Kettle River-Buckhorn, Washington
    -5
    °C
    02/21, 12:19pm
    Round Mountain, Nevada
  • -6
    °C
    02/21, 12:19pm
    Bald Mountain, Nevada
    20
    °C
    02/21, 6:19pm
    Maricunga, Chile
    25
    °C
    02/21, 5:19pm
    Paracatu, Brazil
    18
    °C
    02/21, 8:19pm
    Mauritania, West Africa
  • 30
    °C
    02/21, 8:19pm
    Chirano, Ghana
    -7
    °C
    02/21, 11:19pm
    Moscow, Russia
    -24
    °C
    02/22, 6:19am
    Magadan, Russia
    -20
    °C
    02/22, 6:19am
    Kupol, Russia
    17
    °C
    02/21, 8:19pm
    Las Palmas, Spain
    23
    °C
    02/21, 5:19pm
    Belo Horizonte, Brazil
4.81
-0.19 (-3.8%)
TSX:K
3.65
-0.15 (-3.95%)
NYSE:KGC
1343.3
3.2 (0.24%)
GOLD
  • -15
    °C
    02/21, 11:19am
    Fort Knox, Alaska
    0
    °C
    02/21, 3:19pm
    Toronto, Ontario
    7
    °C
    02/21, 12:19pm
    Kettle River-Buckhorn, Washington
    -5
    °C
    02/21, 12:19pm
    Round Mountain, Nevada
  • -6
    °C
    02/21, 12:19pm
    Bald Mountain, Nevada
    20
    °C
    02/21, 6:19pm
    Maricunga, Chile
    25
    °C
    02/21, 5:19pm
    Paracatu, Brazil
    18
    °C
    02/21, 8:19pm
    Mauritania, West Africa
  • 30
    °C
    02/21, 8:19pm
    Chirano, Ghana
    -7
    °C
    02/21, 11:19pm
    Moscow, Russia
    -24
    °C
    02/22, 6:19am
    Magadan, Russia
    -20
    °C
    02/22, 6:19am
    Kupol, Russia
    17
    °C
    02/21, 8:19pm
    Las Palmas, Spain
    23
    °C
    02/21, 5:19pm
    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. 2019 Legal Disclaimer