Kinross completes divestment of Russian assets

Canadian-based miner Kinross Gold Corp. has completed the sale of its Russian assets to the Highland Gold Mining group of companies for US$340 million in cash.  The previously agreed total for the Kupol mine and surrounding exploration licenses, plus the Udinsk project was $680 million. However, Kinross said the price was adjusted by the companies following a review by the…

Read More