Tasiast gold mine expansion

Overview:

• Tasiast gold mine expansion. 
• Kinross Gold is expanding the Tasiast gold mine in Mauritiana.
• The expansion is expected to increase annual production by 87% and reduce production cost by 48%. 
• Kinross acquired the mine when it bought Red Back Mining in 2010. 
• Kinross anticipates the cost of the project will be around $300 million. 
• A feasibility study for the a second phase of expansion has begun. 
• The new section of the mine is expected to be in full production in the first quarter of 2018.  

Ben Naylor - Regional editor