Kinross files new Paracatu technical report [Canadian Business Journal (Canada)]
Kinross Gold Corporation (KGC)
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Source: Canadian Business Journal
Mine expected to produce average of approximately 540 koz. over 12 years, at lower costs TORONTO, March 10, 2020 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) today filed a new technical report for its Paracatu operation in Brazil. Paracatu is a cornerstone, long-life operation in Kinross’ portfolio that is expected to produce an average of approximately 540 Au koz. annually over 12 years from 2020 to 2031. Total production over the remaining mine life is expected to increase approximately 24% compared with the prior technical report that was published in 2014. The new technical report is based on an asset optimization program that commenced in 2018 and was completed in late 2019 with the successful implementation of a comprehensive grade control program. The results of the program include better characterization of the orebody, an improved ability to predict and react to ore variability, and better mill efficiency with improvements in throughput and recov
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