It also noted that it plans to submit an initial project description to permitting authorities in early 2023, after which it will start a pre-feasibility study on the project.
Closing the door on Russia and its Chirano mine in Ghana, has shifted Kinross focus toward the Americas and lower geopolitical risk jurisdiction, BMO metals and mining analyst Jackie Przbylowski said in a note to investors.
“We continue to see Kinross’ next phases of growth as coming from its organic pipeline — most notably Great Bear, but also Manh Choh (in Alaska), Curlew (in Washington State), and other projects,” Przbylowski wrote.
An important implication of this, according to the expert, is that Kinross is unlikely to be a participant in meaningful mergers and acquisitions deals in the near term.
So far, the company has drilled about 83,000 metres at Great Bear and is on track to complete about 200,000 metres of exploration and infill…
