Kinross to Invest $1.5 Billion in Mauritania’s Tasiast Gold Mine
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Kinross Gold Corp., the Canadian miner of the precious metal that acquired Mauritania’s Tasiast mine, plans to invest $1.5 billion over three years to boost production to 1 million ounces annually.
The money will be spent over the next three years and raise production from the current 200,000 ounces, Tye Burt, president and chief executive officer of the Toronto-based company, told reporters in the Mauritanian capital, Nouakchott, today.