Kinross Gold Corporation (NYSE:KGC) has acquired a 100% interest in Russia’s Dvoinoye deposit and the Vodorazdelnaya exploration and mining licenses by taking over the Northern Gold LLC and Regionruda LLC, the companies that enjoyed the rights to the properties. In exchange, Kinross paid about $165 million in cash and about 10.56 million newly issued Kinross shares. Both assets are located north of Kinross’ Kupol operation in the Russian Far East. The open pit Dvoinoye mine operates for six … [visit site to read more]

Originally from Daily Markets