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Kinross Gold Corp

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  • "Canada is, for all intents and purposes, one of the best places you can explore," said Ian Ball, president of Abitibi Royalties Inc. "It had fallen out of favor a bit, but it is coming back quite rapidly." But that trend is beginning to turn for some of those with gold projects in Canada. These Canadian mines generally do not hold the promise mega projects like Barrick Gold...

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  • Feb 11- Yamana Gold Inc will go ahead with the construction of a mine at its Cerro Moro gold and silver project in Argentina, the Toronto- based gold miner said on Wednesday. All-in sustaining costs, the gold industry's benchmark cost metric, are expected to be between $547 to $557 per ounce of gold and $7.60 to $7.80 per ounce of silver over the life of the mine, Yamana...

  • Feb 10- Kinross Gold Corp will not go ahead with a $1.6 billion expansion of its Tasiast mine in Africa's northwest because of the weak gold price, the Toronto- based miner said on Tuesday, as it also reported an unexpected fourth-quarter loss. Bullion, which was last at $1,233 an ounce, is down 36 percent from its peak of $1,920 an ounce in September 2011.

  • Feb 10- Kinross Gold Corp reported a $1.47 billion fourth-quarter loss on Tuesday, well below analysts' expectations, as the Canadian gold producer took impairment charges and writedowns of more than $1 billion. The adjusted loss was $6 million, or 1 cent a share, down from an adjusted loss of $25.1 million, or 2 cents a share, before. Kinross, which has operations in...

  • TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...

  • LONDON, Nov 7- Ebola, terrorism and political upheaval- headlines from Africa over the past year seem a far cry from the inspiring' Africa Rising' story. "The most consistent growth that we see across the globe seems to be coming from Africa," said Boston- based Asha Mehta, who manages Acadian Asset Management's $380 million global equity frontier fund.

  • LONDON, Nov 7- Ebola, terrorism and political upheaval- headlines from Africa over the past year seem a far cry from the inspiring' Africa Rising' story. "The most consistent growth that we see across the globe seems to be coming from Africa," said Boston- based Asha Mehta, who manages Acadian Asset Management's $380 million global equity frontier fund.

  • LONDON/ VANCOUVER Nov 6- Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. According to Citi analysts, about three quarters of gold mining companies burn cash at spot prices just below $1,200 on an all-in...

  • Nov 5- Kinross Gold Corp is unlikely to go ahead with the expansion of its Tasiast gold mine in Mauritania if the price of gold does not recover from current weaker levels, Chief Executive Paul Rollinson said on Wednesday. Gold price matters and we are watching it closely, "he said after Kinross released quarterly results that beat market expectations.

  • Kinross Gold posts loss on income tax expense Wednesday, 5 Nov 2014 | 5:40 PM ET

    Nov 5- Toronto- based miner Kinross Gold Corp reported a quarterly loss on Wednesday, mainly hurt by a $92.3 million income tax expense. Kinross reported a net loss attributable to shareholders of $4.3 million, or breakeven on a per share basis, in the third quarter ended Sept. 30, compared with a profit of $46.9 million, or 4 cents per share, a year earlier.

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    Gold ended lower on Thursday, extending the previous day's more than 1 percent drop, after the ECB it may act to stem falling inflation.

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    Gold settled at a three-month high, breaking above $1,300 after disappointing US economic figures further hurt the dollar and equity markets.

  • Gold ends over $1,286; traders cheer dovish Yellen Thursday, 14 Nov 2013 | 2:24 PM ET

    Gold settled higher after Fed chairman nominee Janet Yellen suggested the central bank's massive bond-buying stimulus will continue.

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  • Gold ends 3% higher, dollar slumps after debt deal Thursday, 17 Oct 2013 | 2:21 PM ET

    Gold settled more than 3 percent higher on Thursday as the dollar stumbled.