Kinross Said to Be in Talks to Recoup Ecuador Mine Losses

Kinross Gold Corp., the Canadian miner that took a $720 million charge when it halted a gold project in Ecuador, is in talks to recover part of the investment, five people with knowledge of the negotiations said.

The company, which stopped developing the Fruta del Norte mine last year as Ecuador sought to increase taxes, is looking for about $300 million from the sale of the project, two of the people said, asking not to be named because talks with the government and prospective buyers may not lead to a deal. Shares erased losses to gain for the first time in five days.