Precious Metals

Reuters Africa reported that Kinross Gold (TSE:K) plans to invest significant funds into the Fruta del Norte gold project in Ecuador.

Reuters Africa reported that Kinross Gold (TSX:K) plans to invest significant funds into the Fruta del Norte gold project in Ecuador.

The market news is quoted as saying:

Kinross says Fruta del Norte has proven and probable mineral reserves estimated at 6.8 million ounces of gold and 9.1 million ounces of silver, and that it should produce 410,000 gold equivalent ounces on average each year during its life.

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