{"id":1186035,"date":"2020-05-22T13:13:53","date_gmt":"2020-05-22T18:13:53","guid":{"rendered":"https:\/\/resourceworld.com\/?p=58251"},"modified":"2020-05-22T13:13:53","modified_gmt":"2020-05-22T18:13:53","slug":"strike-at-kinross-golds-tasiast-mine-suspended","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1186035","title":{"rendered":"Strike at Kinross Gold’s Tasiast Mine suspended"},"content":{"rendered":"

Kinross Gold Corp.<\/strong> [K-TSX; KGC-NYSE] reported that the strike by unionized employees at its Tasiast mine has been suspended at the request of the Government of Mauritania.<\/p>\n

The recent shutdown, which began on May 5 and ended May 22, is not expected to materially affect 2020 production or the development of the 24k expansion.<\/p>\n

The company has adhered to the three-year collective labour agreement finalized in Q4 2019, all applicable labour codes, and rigorously complied with all government mandates related to COVID-19 prior to the strike and will continue to do so going forward.<\/p>\n

While Kinross Gold disagrees with the basis for the strike, it remains open to discussions with the staff delegates.<\/p>\n

The 100%-owned Tasiast mine is an open-pit operation located in northwestern Mauritania, approximately 300 km north of the capital Nouakchott.<\/p>\n

Tasiast processes ore via mill and dump leach. At year-end 2019, after a full year of operation since the Phase One expansion was complete, Tasiast posted record annual production and record low costs of sales per ounce.<\/p>\n

The Tasiast 24k Project, which is expected to incrementally increase throughput capacity to 24,000 t\/d by mid-2023, is proceeding on plan. The capital-efficient project is expected to further increase production, lower costs, and generate significant cash flow and attractive returns. It is expected to extend mine life by four years to 2033.<\/p>\n

Gold equivalent production for 2019 was 391,097 ounces with cost of sales at USD$602\/oz. Proven and probable (2019) reserves are pegged at 6,783,0000 ounces of gold. Life-of-mine is expected to last until 2033.<\/p>\n

Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Chile, Ghana, Mauritania, and Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kinross Gold Corp. [K-TSX; KGC-NYSE] reported that the strike by unionized employees at its Tasiast…<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[622],"tags":[48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1186035"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1186035"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1186035\/revisions"}],"predecessor-version":[{"id":1186037,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1186035\/revisions\/1186037"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1186035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1186035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1186035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}