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Kinross announced today the following restructuring of its gold commodity derivative contracts.

Toronto, Ontario -- Kinross Gold Corporation (TSE-K; NYSE-KGC) announced today the following restructuring of its gold commodity derivative contracts.

During February 2001, Kinross repurchased spot deferred forward sales contracts representing 500,000 ounces of gold and entered into new spot deferred forward sales contracts for the same number of ounces.

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