Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – June 28, 2012) – Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced today that, further to the Company’s news release dated May 29, 2012, it has completed the sale of its 50% interest in the Crixás (Serra Grande) gold mine in Brazil to an affiliate of AngloGold Ashanti for gross cash proceeds of US$220 million.
About Kinross Gold Corporation
Kinross is a Canadian-based gold mining company with mines and projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia and the United States, employing approximately 8,000 people worldwide. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).
Media Contact
Kinross Gold Corporation
Steve Mitchell
Vice-President, Corporate Communications
416-365-2726
[email protected]
Investor Relations Contact
Kinross Gold Corporation
Erwyn Naidoo
Vice-President, Investor Relations
416-365-2744
[email protected]
