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Vol. 11, No. 17 Week of April 23, 2006
Providing coverage of Alaska and Northwest Canada's mineral industry


MINING NEWS: Alaska properties swamp 2005 bottom line

Kinross takes $141.8M charge in 4th quarter to reflect lower values of True North, Gil deposits and withdrawal from Ryan Lode

Rose Ragsdale

For Mining News

Kinross Gold Corp., owner of the Fort Knox gold mine 25 miles northeast of Fairbanks, posted a loss for 2005 of $216.0 million, including a $154.3 million deficit in the fourth quarter. The Toronto-based gold producer blamed the bulk of its fourth quarter loss on non-cash impairment charges of $147.....

    [additional news subjects in this story]

Revenues of $725.5 million for 2005

Lower grade due to True North suspension


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