Photo
Business Update

Reuters business newsletter, your daily business coverage.

Subscribe

Kinross favors La Coipa and Porcupine

Mon Jun 5, 2006 1:33pm EDT

Reporter's Notebook

[-] Text [+]

NEW YORK (Reuters) - Kinross Gold Corp. (K.TO: Quote, Profile, Research, Stock Buzz) favors the La Coipa and Porcupine joint venture mines over Musselwhite, the company's chief executive said on Monday.

Kinross and Goldcorp (G.TO: Quote, Profile, Research, Stock Buzz) own the La Coipa gold and silver mine in Chile, and two mines in Canada, Porcupine and Musselwhite.

Speaking at the Reuters Global Mining and Steel Summit in New York, Tye Burt said that Goldcorp and Kinross had not come to any decision on whether or how ownership will change at the three mines they own together.

"At some point we will have some more talks with Goldcorp," he said. "From a philosophical point ... we think we are good operators and we are looking to operate more of our own mines."

Burt said all three mines were solid but said he favored La Coipa and Porcupine.

 
 
 
Paper Aug 20 - 21, 2008 Manufacturing
Japan Investment Jul 01 - 2, 2008 Country Summits
Global Real Estate Jun 23 - 25, 2008 Real Estate
Consumer and Retail Jun 16 - 18, 2008 Consumer Retail
Investment Outlook Jun 09 - 12, 2008 Financial Services / Exchanges

What are Summits?

Reuters Summits are your direct link to top business leaders, investors and regulators. Our journalists interview heavyweights in a particular industry, spin out hard-hitting breaking news and sharp analysis that can often move markets. If you want to understand what the insiders are thinking, look for Reuters Summits.  Launch Full Video 

 

Stay connected. Get e-mailed alerts with schedules, speaker lists, and headlines from upcoming and live Industry Summits.