KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC) announced that agreement has been reached with PricewaterhouseCoopers Inc.,
Toronto, Ontario
Toronto, Ontario - KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC) announced that agreement has been reached with PricewaterhouseCoopers Inc., the interim receiver for Royal Oak Mines Inc., to extend the closing date to December 20, 1999 for Kinross' purchase of the Timmins assets of Royal Oak. Closing of this US$5 million transaction remains subject only to obtaining certain governmental approvals by December 15, 1999. Kinross has agreed that the 10% deposit previously provided by Kinross has become non-refundable.
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