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Kinross sees Paracatu costs at top of range

Mon Jun 5, 2006 1:20pm EDT

Reporter's Notebook

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NEW YORK (Reuters) - Canadian Gold miner Kinross Gold Corp. (K.TO: Quote, Profile, Research, Stock Buzz) on Monday said it expects costs related to the expansion of the Paracatu mine in Brazil to be at the high end of its prior forecast of $400 million to $500 million.

Speaking at the Reuters Global Mining and Steel Summit in New York, Tye Burt, chief executive of Kinross, said the expansion would increase throughput substantially.

 
 
 
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