BUZZ-Kinross Gold Corp: Suspends operations at Nevada mine

Thu Oct 9, 2014 12:51pm EDT
 
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** Canadian gold miner's U.S.-listed shares down 8.4 pct at $2.96 at midday

** Company's Toronto-listed shares down 8.6 pct at C$3.29

** Shares touch 12-year low on both Toronto Stock Exchange and New York Stock Exchange

** Company to temporarily suspend mill operations at its Round Mountain mine in Nye Country, Nevada following a fire in the mill building on Oct. 1

** Round Mountain mine operates as a joint venture between Kinross and Barrick Gold Corp

** Kinross does not expect interruption to affect its 2014 production guidance of 2.5-2.7 million gold equivalent ounces

** Shares of Barrick down 4 pct on TSX and 4.5 pct on NYSE

** Up to Wednesday's close, Kinross's Toronto-listed shares had fallen 23 pct this year, while Barrick's had lost 15 pct