TORONTO, ONTARIO -- (Marketwire) -- 12/13/10 -- Kinross Gold Corporation (TSX: K) (NYSE: KGC) announced today that it has sold its approximate 1.8% equity interest in Osisko Mining Corporation ('Osisko'), consisting of approximately 6.8 million Osisko common shares, on an underwritten block trade basis, at a gross price of CDN$14.70 per share.
'The sale of this non-core holding augments Kinross' already strong financial position and reinforces our focus on delivering our industry-leading suite of growth projects,' said Kinross President and CEO Tye Burt. 'We are pleased to have benefitted from Osisko's success, which is a testament to its strong management and quality projects.'
This press release is not an offer of securities for sale in the United States. The Osisko common shares sold have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Kinross is a Canadian-based gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Ecuador, Russia, Ghana, and Mauritania, and employs approximately 7,000 people worldwide.
Kinross' strategic focus is to maximize net asset value and cash flow per share through a four-point plan built on: delivering mine and financial performance; attracting and retaining the best people in the industry; achieving operating excellence through the 'Kinross Way'; and delivering future value through profitable growth opportunities.
Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
Contacts:
Kinross Gold Corporation Media Contact: Steve Mitchell Vice-President, Corporate Communications 416-365-2726 steve.mitchell@kinross.com
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
TORONTO, ONTARIO -- (Marketwire) -- 12/13/10 -- Kinross Gold Corporation (TSX: K) (NYSE: KGC) announced today that it has sold its approximate 1.8% equity interest in Osisko Mining Corporation ('Osisko'), consisting of approximately 6.8 million Osisko common shares, on an underwritten block trade basis, at a gross price of CDN$14.70 per share.
