Currently viewing Global edition

Kinross to expand in US, Mauritania

Kinross Gold Corp (CN:K) has given the go-ahead for the Tasiast phase two expansion in Mauritania and the development of its Round Mountain Phase W project in Nevada, US, after receiving both feasibility studies.

Kinross to expand in US, Mauritania Kinross to expand in US, Mauritania Kinross to expand in US, Mauritania Kinross to expand in US, Mauritania Kinross to expand in US, Mauritania

The Phase W project will extend mining at Round Mountain by five years

The development of the two projects, expected to cost the company just over US$1 billion to develop, should result in an 887,000 ounces of annual production over their lifetimes.