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Kinross Gold mulling sale of Americas mines

Posted by ipso facto @ 10:42 on October 19, 2020  

Canadian miner Kinross Gold (TSX: K) (NYSE: KGC) is said to be studying a sale of its gold mines in North and South America and moving its primary stock listing to London in a move to increase the company’s value.

The Toronto-based gold producer is also considering doubling down on its portfolio of assets in Russia and West Africa, The Globe and Mail reported citing three unnamed sources familiar with the matter.

Kinross believes that selling its mines in the Americas and relocating its African and Russian business to London would make the remaining parts of the company more valuable than if all the assets were kept inside one business unit, the article said.

more https://www.mining.com/kinross-gold-mulling-sale-of-americas-mines/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.