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Daily Archives: Dec 30, 2016

Kinross Gold Corp to proceed with first phase of Tasiast expansion

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TORONTO ? After more than 4 years of not so good news and uncertainty, Kinross Gold Corp. finally has a workable development arrange for its long-troubled Tasiast mine. The Toronto-based miner greenlighted the first phase of the two-step expansion plan at Tasiast on Wednesday. Kinross invested US$300 million in the first phase, which is expected to boost production in the ...

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Canadian dollar jumps to 8-month high on strong GDP report

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The Canadian dollar rose towards the highest in eight months versus its U.S. counterpart following a report showed the nation’s economy growing at its fastest in three years. The currency strengthened for a fourth day, its longest streak of gains forever of February, as gross domestic product grew 0.6 percent in January from the month earlier, the biggest increase since ...

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