In February, Taseko and Williams Lake First Nation renewed their participation and co-operation agreement for the Gibraltar mine in British Columbia.

At the mine site, the costs of key inputs have risen dramatically from their 2020 pandemic lows, when covid lockdowns caused a period of deflation.

The bought deal is part of a comprehensive $520 million financing package for the Goose mine announced by the company in February.

The Gunnison project is permitted to produce 125 million lb. of copper cathode a year.

South Korea wants to strengthen its domestic supply chain in the semiconductor and battery sectors.

Kinross' Russian subsidiaries will continue to operate the Kupol mine and other assets.