Kinross cuts capital cost estimate for Tasiast expansion, shares +2.2% AH

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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Comments (2)
  • ddearborn
    , contributor
    Comments (194) | Send Message


    Someone has to keep priming the pump. At least until it is time for them to stop.
    31 Mar 2014, 09:13 PM Reply Like
  • joelc
    , contributor
    Comments (77) | Send Message
    great company....great these prices
    2 Apr 2014, 06:06 PM Reply Like
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