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Kinross Gold may increase gold production in Russia this year

In the case of Russia, during the period of January-May 2016, the volume of gold production of Kinross in Russia amounted to 8.7 tonnes, while in the case of silver to 62.4 tonnes.
Canadian Kinross Gold Corporation may significantly increase the volume of its gold production in Russia during the next several years, according to recent statements of the company.

As part of these plans, the company may accelerate production at its flagship Russian gold mining fields, and in particular Kupol and Dvoynoey, which are located in the Chukotka region of Russia.

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To date, Paul Rollinson, CEO of Kinross Gold, has had a meeting with Sergei Donskoi, Russia’s Minister of Natural Resources during the St. Petersburg Economic Forum, where they discussed the possibility of the increase of Kinross investments in the Russian gold mining.

source: investorintel.com

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