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Kinross and Agnico strike White Gold

Canada’s Kinross Gold Corp (CN:K) has agreed to sell its White Gold project in Canada’s Yukon Territory to junior White Gold Corp (CN:WGO) in exchange for up to C$25 million (US$18 million) and a 19.9% stake in the company. Agnico-Eagle Mines (CN:AEM) will also take a small piece of White Gold as part of the deal.

Kinross and Agnico strike White Gold Kinross and Agnico strike White Gold Kinross and Agnico strike White Gold Kinross and Agnico strike White Gold Kinross and Agnico strike White Gold

The Kinross project sits in the midst of the White Gold district, which lies about 100km to the south of the 19th century gold rush town of Dawson City.