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Kinross Gold Corp.
Summary
| Project: | Kettle River | |
|---|---|---|
| Deposit: | Kettle River | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-2-2017: Kinross Gold Corp. announces a Resource Estimation report for its Kettle River deposit at the Kettle River project. Updated mineral resources and ore reserves at project + drill results incl. 35.4m @ 3.30g/t Au. Toronto, Ontario – February 15, | |
| Resources: | (Reserve, P+P): 90'000t @ 8.4g/t Au at Kettle River | |
| CP/QP: | [Resources]: John Sims (Internal) | |
| ABSTRACT: | Toronto, Ontario – February 15, 2017 – Kinross Gold Corporation (TSX:K; NYSE:KGC) provided today updates to its organic development projects, exploration program and its estimated mineral reserves and resources. “We have made excellent progress advancing the organic development projects that will shape the future of Kinross and look forward to achieving key milestones in 2017. These exciting projects span all three regions and are expected to help Kinross extend mine life to maintain strong, consistent production and cash flow in the years ahead. “With the Tasiast Phase One expansion on track to reach full commercial production in Q2 2018, the Company expects to complete a feasibility study for Phase Two in Q3 2017 and make a development decision at that time. Phase One is expected to almost double production and reduce operating costs by nearly half while Phase Two is expected to once again significantly increase production to approximately 780,000 Au eq. oz., further reduce cost, and extend mine life to 2030. “At Bald Mountain, we have doubled mineral reserve estimates ahead of schedule, confirming our vision for the mine as a long-life asset with significant upside potential. At the Round Mountain Phase W project, we have upgraded mineral resource estimates and expect to complete a feasibility study in Q3 2017 to potentially extend mine life. “In Russia, stripping at September Northeast has begun, and mining at Moroshka is scheduled to begin in the first half of 2018, while 2017 exploration will follow up on encouraging targets in the existing Kupol mine footprint, which is open at certain zones, to potentially extend mine life.” | |
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