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From Earlier: Kinross Agrees to Sale of Crixas Interest for $220 Million

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Kinross Gold Corporation (NYSE: KGC) announced today that it has entered into a purchase and sale agreement with subsidiaries of AngloGold Ashanti Ltd. (NYSE: AU), pursuant to which Kinross will sell its 50% interest in the Crixas gold mine (Serra Grande), located in the State of Goias, Brazil, to AngloGold Ashanti for gross cash proceeds of US$220 million. AngloGold Ashanti is the other 50% owner and operator of Crixas.

Posted-In: News Asset Sales M&A

 

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