Kinross Gold (KGC) agrees to sell its 50% stake in the Crixas gold mine in Brazil to AngloGold...

|About: Kinross Gold Corporation (KGC)|By:, SA News Editor

Kinross Gold (KGC) agrees to sell its 50% stake in the Crixas gold mine in Brazil to AngloGold Ashanti (AU) for $220M in cash. KGC calls Crixas a "non-operated, non-core asset," and its sale is "consistent with our strategy of portfolio optimization." KGC +2.8% premarket.