AngloGold Ashanti Buys Kinross’ Stake in Crixas Mine

Mining Weekly reported that Kinross Gold (NYSE:KGC) sold its stake in the Brazil-based Crixas mine to AngloGold Ashanti (NYSE:AU) for $220 million.

As quoted in the market news:

AngloGold Ashanti said it expects full ownership of the mine to bring its yearly production from Brazil to more than 500 000 oz and the contribution from the Americas region as whole to more than one-million ounces.

Click here to read the full Mining Weekly report.