Entering text into the input field will update the search result below

Kinross Gold to suspend Maricunga mine in Chile

Aug. 25, 2016 6:57 PM ETKinross Gold Corporation (KGC) Stock, K:CA StockBy: Carl Surran, SA News Editor3 Comments
  • Kinross Gold (NYSE:KGC+4.6% AH after confirming it has suspended operations and dismissed 300 employees at its Maricunga gold mine in Chile, after a judicial decision upheld a move by the country's environmental regulator to shut the water system linked to the mine.
  • KGC says the suspension of the Maricunga operations is not likely to affect its 2016 production and cost forecast, although the mine accounted for 8% of its total gold production in 2015.
  • KGC also says it has resumed operations at its Tasiast mine in Mauritania following its temporary suspension caused by an expatriate work permit issue.

Recommended For You

Related Stocks

SymbolLast Price% Chg
KGC
--
K:CA
--