Dec. 26 (Bloomberg) -- Kinross Gold Corp., Canada’s third-largest producer of the metal, denied a statement from another mining company that the two are forming a partnership to develop Mexican projects.
Southridge Enterprises Inc., based in Dallas, said in a statement today the companies are working to finalize an agreement for the Cinco Minas and Gran Cabrera properties.
“Kinross has not entered into a joint venture agreement with Southridge Enterprises, and is not actively pursuing any such agreement at this time,” Toronto-based Kinross said in an e-mail.
No one responded to e-mail and voicemail messages seeking comment from Southridge. Its shares fell 38 percent to 0.5 cent in over-the-counter trading.
Barrick Gold Corp. and Goldcorp Inc. are the two largest Canadian gold producers ranked by sales.
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