Kinross Gold to buy back $300 million of shares following talks with Elliott
The company said it will repurchase the shares over the remainder of this year and will allocate 75% of its excess cash for more buybacks in 2023 and 2024.
The US government is working to help American miners and battery makers expand into Canada, part of a strategy to boost regional production of minerals used to make electric vehicles and counter Chinese dominance.
The holes were drilled as part of a 30,000-metre program and are expected to “positively impact” existing resources by growing the indicated inventory.