October 7, 1999
Toronto, Ontario -
KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC)
announced that today
Kinross has signed an agreement with PricewaterhouseCoopers Inc., the interim receiver for Royal Oak
Mines Inc., to purchase the Timmins assets of Royal Oak for US$ 5 million. Closing of the transaction is
scheduled by October 29, 1999 and is subject to a number of terms being satisfied.
-30-
For additional information contact:
Robert M. Buchan
Chairman and Chief
Executive Officer
Tel.: (416) 365-5650
Gordon A. McCreary
Vice President,
Investor Relations and
Corporate Development
Tel.: (416) 365-5132
Allan D. Schoening
Vice President, Human
Resources and
Community Affairs
Tel.: (416) 365-2565
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