Kinross Gold completed the acquisition of Chulbatkan Mine from N-Mining Limited for $283m.

Kinross Gold, a Canadian-based gold and silver mining company, completed the acquisition of Chulbatkan Mine, a high-quality, heap leach development project, from N-Mining Limited, a private mining company, for $283m. “This acquisition is an excellent fit for Kinross as it enables us to leverage our expertise as a world-class cold climate heap leach operator. With a large estimated mineral resource, Chulbatkan has the potential to be a significant low-cost, low-strip, high-return operation that will strengthen our longer-term production and cash-flow profile. It is an excellent complement to our existing operations at Kupol and Dvoinoye, both of which remain prospective in their own right,” J. Paul Rollinson, Kinross Gold President and CEO.