Kinross Could Market South American Mining Stakes

Law360, New York (February 27, 2012, 9:34 PM EST) -- Kinross Gold Corp., weighed down by falling stock prices and a putative class action alleging the Canadian gold mining company misled investors, said Monday that it is open to selling its stakes in two South American projects.

At a global metals and mining conference in Florida, Kinross CEO and President Tye W. Burt said the company may look into possibly selling its 50 percent interest in Brazil's Crixas underground gold mine and its 25 percent stake in Chile's Cerro Casale gold-silver-copper project.

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Case Information

Case Title

City of Austin Police Retirement System v. Kinross Gold Corporation et al


Case Number

1:12-cv-01203

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Valerie E. Caproni

Date Filed

February 16, 2012

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