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
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.....
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Revenues of $725.5 million for 2005
Lower grade due to True North suspension
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