Reuters logo
BRIEF-Kinross announces sale of Cerro Casale interest
March 28, 2017 / 12:06 PM / 8 months ago

BRIEF-Kinross announces sale of Cerro Casale interest

March 28 (Reuters) - Kinross Gold Corp

* Kinross announces sale of Cerro Casale interest

* Kinross Gold Corp - deal consideration includes $260 million in cash, payable at closing

* Kinross Gold Corp - deal consideration includes assumption by Goldcorp of a $20 million payment obligation due to Barrick Gold Corporation

* Kinross Gold Corp - expects to use proceeds from sale for its organic development projects and to further strengthen its balance sheet

* Kinross Gold - agreed to sell 25% interest in Cerro Casale project in Chile, 100% interest in Quebrada Seca exploration project

* Says deal consideration includes $40 million in cash, payable following a construction decision for Cerro Casale

* Kinross Gold Corp - Kinross expects to use proceeds from sale for its organic development projects and to further strengthen its balance sheet 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