Kinross already operates Kupol (pictured) and Dvoinoye mines in Russia, which account for roughly 20% of its annual production. (Image courtesy of Kinross | Flickr)
Canada’s Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets.
As part of the exclusivity agreement, Kinross’ Russian subsidiaries will continue to operate the Kupol mine and other assets to maintain them properly.
Categories: Business
