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Mon, 06 Sep 2004
Kinross buys more Cumberland By: Dorothy Kosich Posted: '27-AUG-04 05:00' GMT © Mineweb 1997-2004 Toronto-based Kinross Gold (KGC) is in buying mode again, this time acquiring more shares of Canadian exploration junior Cumberland Resources (CLG). Kinross aquired 253,100 shares of Cumberland this week, bringing its aggregate share ownership to 6.93 million or 12.74% of the issued and outstanding shares of Cumberland. Kinross' President and CEO is particularly interested in the company's Meadowbank Gold project in Nunavut, consider the third largest undeveloped gold project in Canada.
Posted 19:44
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