KEY POINTS
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Kinross Gold Corp. is committing nearly $1.4 billion to three organic growth projects in the U.S.
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The projects include the Round Mountain Phase X in Nevada at $400 million over four years, alongside the Bald Mountain Redbird 2 in Nevada and Kettle River-Curlew in Washington, costing $490 million and $485 million, respectively, over three years.
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These projects highlight Kinross Gold’s focus on expanding its operations within the United States.
Kinross Gold Corp. says it is going ahead with the construction of three organic growth projects in the U.S. that will cost a total of nearly $1.4 billion.
The company says the initial capital costs of its Round Mountain Phase X project in Nevada are expected to total $400 million over four years, while the Bald Mountain Redbird 2 project in the state is expected to cost $490 million over three years.
The Kettle River-Curlew project in Washington is expected to cost $485 million over three years.
Kinross says the projects are expected to meaningfully extend mine life and will benefit long-term costs within its U.S. portfolio.
Chief executive Paul Rollinson says the new growth projects are expected to contribute three million ounces of life-of-mine production to its portfolio.
The company says it intends to fund the projects from operating cash flows.
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