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Message: Kinross provides update on its Paracatu mine

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Kinross provides update on its Paracatu mine

posted on Oct 26, 09 07:26PM

new guidance from paracatu is a bit lower:

As a result of lower than expected production from Paracatu, the Company has revised its regional guidance for Brazil, where production for the full year 2009 is now expected to be 420,000-440,000 gold equivalent ounces at an average cost of sales per gold equivalent ounce of $645-670. Guidance for other operating regions remains unchanged from the levels originally stated in the January 7, 2009 news release. The Company has revised its overall guidance and now expects to produce approximately 2.2 million gold equivalent ounces at an average cost of sales per ounce of $435-450 for full-year 2009.

http://www.kinross.com/news/10262009-1.pdf

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