Kupol mine - Miners News Global

Kinross completes divestment of Russian assets

June 21, 2022June 21, 2022 Miners News

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…

Kinross selling Russian assets to Highland Gold

April 11, 2022April 11, 2022 Miners News

After first announcing the formation of a divestment plan late last month, Canadian miner Kinross Gold has entered a definitive agreement to sell off its Russian assets to Highland Gold Mining for US$680 million in cash. The assets include the actively operating Kupol mine; exploration assets including the Chulbatkan project; and other related infrastructure. Specifically, Kinross said, it will receive…