In an update on the project and others in the
Kinross said it has drilled approximately 83,000 metres and is on track to complete about 200,000 metres of exploration and infill drilling in 2022 on the LP Fault zone.
It said results so far are consistent with findings from earlier in the year, which confirmed gold mineralization with good widths and high grades. Kinross has also increased the number of diamond drills at
Kinross said its latest results continue to support its view of a high-grade, world-class deposit that underpins the prospect of a large, long-life mining complex.
Kinross said it is continuing to work with the Wabauskang and
Kinross is targeting construction by 2027 and first production by 2029 as it works to secure permits, but said it does see a potential path to "schedule compression."
Kinross announced that it would acquire all of the issued and outstanding shares of
The company also said feasibility study work is nearing completion at its 70 per cent-owned Manh Choh project in
Initial production is on schedule to begin in the fourth quarter of 2024, subject to permitting.
Kinross completed the sale earlier this month of its Russian assets to the
Kinross shares have fallen just over 33 per cent year over year and were down
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