Kinross Acquires Strategic Nevada Assets - Quick Facts

(RTTNews) - Kinross Gold Corp. (K.TO, KGC) announced it has entered into a definitive asset purchase agreement to acquire 100% of the Bald Mountain gold mine, which includes a large associated land package, and 50% of the Round Mountain gold mine in Nevada from Barrick Gold Corporation for $610 million in cash.

Kinross is currently the 50% owner and operator of Round Mountain. Kinross said the transaction will allow it to consolidate interest in one of the company's best run and established mines and advance promising initiatives to optimize the operation and potentially extend estimated mine life.