Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Kinross Sells Its Russian Assets To Highland Gold Mining For $680M

Kinross (Organization) Russia KGC NYSE
  • Kinross Gold Corp (NYSE:KGC) has agreed with the Highland Gold Mining group of companies and its affiliates to sell 100% of its Russian assets for $680 million in cash.
  • Highland Gold is one of the largest gold mining companies in Russia.
  • Kinross will receive $400 million in cash for the Kupol mine and the surrounding exploration licenses and $280 million in cash for its Udinsk project.
  • The deferred payments are secured by an extensive security package, including share pledges, financial guarantees, and an escrow account.
  • Price Action: KGC shares are trading lower by 1.74% at $5.92 on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
67 Funny Posts From This Facebook Group With Over 900K Members
No matter how different dads are, they seem to share one common trait: their unstoppable urge to crack the cheesiest jokes. The post 67 Funny Posts From This Facebook Group With Over 900K Members first appeared on Bored Panda.
Bored Panda
Bored Panda
Should You Feed Your Dog Vegetables? An Animal Nutritionist Reveals the Ultimate Pet Food Hack
A veterinary nutritionist describes why it's not necessary to feed your dog vegetables, though they can make a good treat.
Inverse
Inverse
“We walk into this music store, and the owner is making sure we didn't turn up with a lawyer – and then Robert Trujillo came in and saved the day!” The amazing story of how Jaco's Bass Of Doom made its way back to Felix Pastorius
Stolen in 1982, the bass vanished from the public eye until 2006 when it resurfaced in a New York music store
Guitar World
Guitar World
Forrest Gump at 30: a wildly popular movie that remains as light as a feather
Tom Hanks is an affecting lead but the popularity of Robert Zemeckis’s much-loved Oscar-winner is still a curious mystery
The Guardian - US
The Guardian - US
I never throw these 7 kitchen items away – this is how I reuse and repurpose them
Think twice before tossing these items in the trash and consider giving them a new purpose in your home
Homes & Gardens
Homes & Gardens
‘There is a sex crisis here. Couples stop having sex after kids’: This is how we do it in Japan
Aoi and Jiro have regular intercourse – so how did they buck what seems to be a national trend?
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play