Kinross cuts capital cost estimate for Tasiast expansion

Mon Mar 31, 2014 5:34pm EDT
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TORONTO, March 31 (Reuters) - Kinross Gold Corp released a feasibility study for its Tasiast expansion on Monday with a much lower estimated capital cost than previously, but said it does not plan to make a final decision on the project until 2015 at the earliest.

The Canadian gold miner said the initial capital cost to expand the mine in Mauritania would be $1.6 billion, compared with its pre-feasibility estimate of $2.7 billion. (Reporting by Allison Martell. Editing by Andre Grenon)