Canada's Kinross halts Ecuador gold project

Mon Jun 10, 2013 5:13pm EDT
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June 10 (Reuters) - Kinross Gold Corp said on Monday it is halting development at its Fruta del Norte project in Ecuador because it has not been able to reach an agreement with the country's government.

The company said the move will result in a $720 million charge in the second quarter, of which about $700 million will be a non-cash charge.