Kinross agrees to sell a $ 240 million project in Ecuador

Kinross Gold Corporation reported on October 21 that it has signed an agreement with Fortress Minerals Corp, a member of the Lundin Group of Companies, to sell its entire stake in Aurelian Resources Inc. and the Fruta del Norte (FDN) project in Ecuador for $ 240 million.

“We are pleased to have reached this agreement and we would like to express our gratitude to the Government of Ecuador for their support during the FDN transition process,” said Paul J. Rollinson, General Manager of Kinross.

“We believe that Fortress Minerals as part of Lundin Group of Companies, is well positioned to take FDN to the next step of its development,” he said.