- Kinross Gold (KGC) +2.2% AH after releasing a feasibility study for its Tasiast expansion with a much lower estimated capital cost than previous, but says it does not plan to make a final decision on the project until 2015 at the earliest.
- KGC says the initial capital cost to expand the mine in Mauritania would total $1.6B, compared with its pre-feasibility estimate of $2.7B.
- The study forecasts average annual production of 848K gold oz. with an internal rate of return of ~17% during the first five years (2018-22).
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