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Kinross Gold Corporation (KGC)
After hours:
- Zacks
Kinross Gold (KGC) Wraps Up Sale of Russian Assets for $340M
Kinross (KGC) divests all of its interests in Russia and has no further obligations or liabilities in the country.
- Reuters
Canada's Kinross Gold sells Russia assets at half price
The Toronto-based miner said in April it would sell its Kupol mine and Udinsk project to Highland Gold, one of the largest gold miners in Russia, for $680 million. "The transaction consideration was adjusted by the parties following review by the recently formed Russian Sub-commission on the Control of Foreign Investments," Kinross said, adding the sale was approved for a price not exceeding $340 million. Russian authorities in March had stipulated that any transaction between Russians and foreign counterparties requires permission from the commission, saying it wanted to ensure decisions to exit were considered and not driven by political pressure.
- Zacks
Why Is Kinross Gold (KGC) Up 4.2% Since Last Earnings Report?
Kinross Gold (KGC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
