Kinross Announces Unlawful Work Stoppage at Tasiast

Kinross Gold Corporation (TSX:K)(NYSE: KGC) announced today that employees at the Tasiast mine have initiated an unlawful work stoppage, and mining and processing activity at the site has been temporarily suspended. Management and employee representatives are engaged in discussions aimed at achieving a prompt settlement of certain issues raised by employees and a return to normal operations. The Tasiast mine produced approximately 200,000 gold equivalent ounces in 2011.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.