Kinross completes acquisition of Great Bear Resources
In February 2022, Kinross announced the completion of its $1.4 billion acquisition of Great Bear Resources Ltd. (Great Bear Resources). Kinross believes Great Bear Resources’ Dixie project in Red Lake, Ontario has significant potential to become a top-tier, large-scale operation. The transaction also includes a payment of contingent consideration payable in connection with Kinross’ commercial production at the Dixie project and a cumulative total of at least 8.5 million gold ounces of mineral reserves are disclosed. Kinross drew down $1.1 billion from its $1.5 billion revolving credit facility to finance the cash portion of the transaction.
Competition|New Activity|Structural|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.