Reuters logo
BRIEF-Kinross Gold says to proceed with Tasiast Phase Two, Round Mountain Phase W expansion projects
September 18, 2017 / 1:14 PM / in a month

BRIEF-Kinross Gold says to proceed with Tasiast Phase Two, Round Mountain Phase W expansion projects

Sept 18 (Reuters) - Kinross Gold Corp:

* Kinross Gold says to proceed with Tasiast Phase Two and Round Mountain Phase W expansion projects

* Kinross - Expect Tasiast Phase Two to increase mill capacity to 30,000 tonnes/day to produce average of about 812,000 gold ounces/year for first 5 yrs

* Kinross - Tasiast Phase Two expected to generate free cash flow of $2.2 billion over life of mine; commercial production expected to begin Q3 2020

* Kinross - Expect initial construction for phase two to begin early 2018; expects initial plant, infrastructure capital costs of about $590 million

* Kinross Gold - Round Mountain Phase W expected to extend mining by 5 years, increase life-of-mine production by 1.5 million au oz. at one of co’s mines

* Kinross - Phase W expected to generate incremental cash flow of $265 million, sustain annual production at average of about 341,000 au oz. Through 2024

* Kinross Gold - expects to finance Tasiast Phase Two, Round Mountain Phase W projects with balance sheet, existing liquidity, operating cash flows Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below