Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX
Sector: Gold Mining
Epic: TSX:K
News: Latest news
Web Site: Kinross Gold Corp
Other Articles: 05-05-201027-04-201006-04-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
Kinross Gold Corp

Kinross Gold Corp

Kinross Gold Corporation was established in 1993 and has since grown to become the third largest primary gold producer in North America by reserves.  Based in Canada, with nine mines in stable countries including the United States, Brazil, Chile and Russia, Kinross employs more than 5,000 people worldwide
Friday, January 15, 2010

Kinross production to slip to 2.2 million gold equivalent ounces in 2010

company news image

By Dorothy Kosich, Mineweb.com

The Toronto-based gold miner said it expects that 2009 GEO production will hit a record 2.23 million ounces, a 21% increase over 2008 production.

Kinross also expects to produce 2 million gold ounces and 10 million silver ounces on a by-product basis this year.

This year's capital expenditures are forecast to be $550 million, which includes $48 million for new project capex, $225 million for mine development, and $30 million for a new ball mill at Paracatu.

"On a country-by-country basis, North American production is expected to be positively impacted in 2010 by a fully year of production at the Fort Knox heap leach and increased annual production at Kettle River-Buckhorn, offset by a slight reduction in production at Round Mountain," Kinross said in a news release.

"Production from Brazil is expected to be positively impacted by an expected improvement in recoveries and throughput at Paracatu," the company said. "Production from Russia is expected to be negatively impacted by a planned decline in grades at Kupol. Production at Chile is expected to be consistent with 2009 levels."

Approximately 32% of Kinross's anticipated 2010 production 690,000 to 745,000 GEO will come from the United States with 24% or 510,000 to 580,000 GEO of production expected to come from Brazil. Attributable GEO from Russia are expected to be 495,000 to 525,000 ounces for 23% of Kinross's 2010 production. Finally 21% of Kinross GEO production or 460,000 to 480,000 ounces this year is expected to come from Chile.

Kinross has budgeted $102 million for exploration and business development expenses, including $79 million for exploration expenses including $24 million for greenfields exploration and $27 million for minesite exploration. Seventeen million has been budgeted for technical and environmental services and $6 million for corporate development.

 

AddThis Feed Button
Register here to be notified of future Kinross Gold Corp articles.

Other Kinross Gold Corp articles


Other Kinross Gold Corp news

More news ►

Investors interested in Kinross Gold Corp recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.