Loading ...Shares in Kinross Gold (TSX:G) (NYSE:KGC) jumped Tuesday in pre-market trading as the Canadian miner announced is going ahead with an initial expansion of its Fort Knox mine, located in one of Alaska’s largest gold producing areas.
The project, to be carried out over an area known as Gilmore, immediately west of Fort Knox, is expected to initially extend the mine life of the open-pit operation by six years to 2027, and leaching to 2030.
Kinross says it’ll spend an initial capital cost of only $100 million, increasing life-of-mine production by about 1.5 million gold equivalent ounces.
cont. http://www.mining.com/kinross-going-ahead-expansion-alaska-gold-mine/