Kinross files updated technical report for Tasiast
October 31 2019 - 8:00AM
Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) today filed
an updated technical report for its Tasiast mine in Mauritania. The
technical report incorporates updates related to the current
Tasiast operation and provides comprehensive details regarding the
recently announced Tasiast 24k project that is expected to
incrementally increase throughput capacity to 24,000 tonnes per
day, as well as the previously updated estimated mineral resource
and reserve estimates at December 31, 2018, which were disclosed by
news release on September 15, 2019.
The Tasiast 24k project takes a continuous
improvement approach to increase throughput through minor upgrades
and de-bottlenecking initiatives in the plant. The project includes
modifications to the existing grinding circuit, adding new leaching
and thickening capacity, as well as incremental additions to onsite
power generation and water supply.
The technical report has been prepared pursuant
to Canadian Securities Administrator's National Instrument 43-101,
and may be found at www.kinross.com or under the Company's profile
at www.sedar.com.
About Kinross Gold
Corporation
Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil,
Russia, Mauritania, Chile and Ghana. Kinross’ focus is on
delivering value based on the core principles of operational
excellence, balance sheet strength, disciplined growth and
responsible mining. Kinross maintains listings on the Toronto Stock
Exchange (symbol:K) and the New York Stock Exchange
(symbol:KGC).
Media Contact Louie DiazSenior
Director, Corporate Communicationsphone:
416-369-6469 louie.diaz@kinross.com
Investor Relations ContactTom
Elliott Senior Vice-President, Investor Relations and
Corporate Developmentphone:
416-365-3390 tom.elliott@kinross.com
Cautionary statement on forward-looking
information
All statements, other than statements of
historical fact, contained or incorporated by reference in this
news release, including any information as to the future
performance of Kinross, constitute "forward looking statements"
within the meaning of applicable securities laws, including the
provisions of the Securities Act (Ontario) and the provisions for
"safe harbor" under the United States Private Securities Litigation
Reform Act of 1995 and are based on expectations, estimates and
projections as of the date of this news release. Forward looking
statements include, without limitation, future events and
opportunities including but not limited to the 24k project at
Tasiast described in this news release. The words "estimate”,
“expected” and “project”, and variations of such words identify
forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by Kinross as of the date of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. The
estimates and assumptions referenced, contained or incorporated by
reference in this news release, which may prove to be incorrect,
include, but are not limited to, the various assumptions set forth
herein and in our Annual Information Form dated March 31, 2019
("2018 AIF") and full year 2018, and Q1, Q2 and Q3 2019,
Management's Discussion and Analysis. Known and unknown factors
could cause actual results to differ materially from those
projected in the forward-looking statements. In addition, there are
risks and hazards associated with the business of mining and
related project development, including financial, environmental
hazards, government and labour relations, unusual or unexpected
formations, pressures, cave-ins and flooding (and the risk of
inadequate insurance, or the inability to obtain insurance, to
cover such risks). Many of these uncertainties and contingencies
can directly or indirectly affect, and could cause, Kinross' actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, Kinross. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements are provided for the purpose of
providing information about management's expectations and plans
relating to the future. All of the forward-looking statements made
in this news release are qualified by these cautionary statements
and those made in our other news release dated September 15, 2019
regarding the 24k study results as well as other filings with the
securities regulators of Canada and the United States including,
but not limited to, the cautionary statements made in the "Risk
Factors" section of our 2018 AIF. These factors are not intended to
represent a complete list of the factors that could affect Kinross.
Kinross disclaims any intention or obligation to update or revise
any forward-looking statements or to explain any material
difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
Source: Kinross Gold Corporation
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