TORONTO, Sept. 8 /CNW/ - Kinross Gold Corporation (TSX: K, NYSE: KGC)
("Kinross") announced today that it has sold its 5,751,500 shares in Katanga
Mining Limited for proceeds of approximately CDN$34.8 million through a
private placement.
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About Kinross Gold Corporation
Kinross, a Canadian-based gold mining company, is the fourth largest
primary gold producer in North America and the eighth largest in the world.
With eight mines in Canada, the United States, Brazil and Chile, Kinross
employs more than 4,000 people.
Kinross maintains a strong balance sheet and a no gold hedging policy.
Kinross is focused on a strategic objective to maximize net asset value and
cash flow per share through a four-point plan built on growth from core
operations; expanding capacity for the future; attracting and retaining the
best people in the industry; and driving new opportunities through exploration
and acquisition.
Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and
the New York Stock Exchange (symbol:KGC).
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