Toronto, Ontario, May 29, 2015 - Kinross Gold
(TSX:K; NYSE:KGC) is pleased to announce that mining and crushing
operations at its Maricunga mine resumed earlier this month, ahead
of the anticipated June restart target. Operations were partially
suspended on March 25 following an extreme weather event in
northern Chile, which caused heavy damage to local infrastructure.
The ADR plant operated throughout the restart effort, producing
gold from existing material in the heap leach.
The Company would like to recognize the dedication and
determination of its team in Chile in successfully restarting
operations earlier than anticipated and in challenging conditions.
An additional backup power plant has been installed to support the
return to full operation, with main power lines expected to be back
in operation in September.
The temporary suspension of mining and crushing will have an
impact on production and costs at Maricunga, particularly in the
third quarter. However, as noted in the Company's Q1 2015 news
release, Kinross expects no change to its Company-wide or regional
production guidance.
About Kinross Gold Corporation
Kinross is a Canadian-based senior gold mining company with
mines and projects in the United States, Brazil, Chile, Ghana,
Mauritania, and Russia. Kinross maintains listings on the Toronto
Stock Exchange (symbol:K) and the New York Stock Exchange
(symbol:KGC).