Gold Miner Kinross Sees Stable Production for Next Decade
- Kinross output seen averaging 2.5 million ounces through 2029
- Miner says four growth projects will help maintain production
Photographer: Nicolo Filippo Rosso/Bloomberg
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Canadian miner Kinross Gold Corp. extended its production guidance, forecasting output will remain relatively stable for a decade as it develops key growth projects, including three in the Americas.
A month ago, Kinross announced guidance that projected boosting output over the next three years by about 20% to 2.9 million gold-equivalent ounces. On Tuesday, the Toronto-based company extended its forecast through 2029, saying its production is expected to average 2.5 million over that 10-year period.