Cerro Casale Project

Kinross Gold (TSE:K) Invests Red Back (TSE:RBI)

Kinross Gold (TSE:K) has acquired 24 million shares of Red Back (TSE:RBI) in a private placement, an overall investment of $588 million. Kinross paid a slight premium for the shares, acquiring them at C$25 a share, a little above the C$24.46 close on the Toronto Stock Exchange. Recent acquisitions by Kinross include the Dvoinoye project in Russia, for which they paid $368 million, and gold

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Kinross Gold (NYSE:KGC) Sells Barrick Gold (NYSE:ABX) 25 Percent Stake in Cerro Casale Project

Kinross Gold and Barrick Gold deal for Cerro Casale ProjectKinross Gold (NYSE:KGC) has sold Barrick Gold (NYSE:ABX) 25 percent of its stake in the Cerro Casale project in Chile for about $474 million. Terms of the deal were $20 million in contingent obligation from Barrick Gold, along with $474 million in cash.Barrick now controls the project with a 75 percent stake, while Kinross now holds a 25

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