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Gold/Mining/Energy : Kinross Gold

KGC 25.45

-0.3%

Nov 14 9:30 AM EST

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To: LaFayette555 who wrote (367)	10/7/1999 12:29:00 PM
From: LaFayette555	Read Replies (1) of 530

OCTOBER 7, 1999 Kinross Gold Corporation: Announcement TORONTO, ONTARIO--KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC) announced that today Kinross has signed an agreement with PricewaterhouseCoopers Inc., the interim receiver for Royal Oak Mines Inc., to purchase the Timmins assets of Royal Oak for US$ 5 million. Closing of the transaction is scheduled by October 29, 1999 and is subject to a number of terms being satisfied.

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