KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC) announced that today Kinross has signed an agreement with PricewaterhouseCoopers Inc., the interim receiver for Royal Oak Mines Inc.
Toronto, Ontario
Toronto, Ontario - KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC) announced that today Kinross has signed an agreement with PricewaterhouseCoopers Inc., the interim receiver for Royal Oak Mines Inc., to purchase the Timmins assets of Royal Oak for US$ 5 million. Closing of the transaction is scheduled by October 29, 1999 and is subject to a number of terms being satisfied.
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