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Gold/Mining/Energy : Kinross Gold

KGC 27.33

-3.6%

12:22 PM EST

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To: tk who wrote (16)	7/30/1997 3:35:00 PM
From: tk	of 530

E-Mail from Kinross Management - Gord McCreary My sincere apologies for not responding to your e-mail sooner! The compounding of our problems at Macassa and the falling gold price resulted in Kinross share price falling to a low of Cdn$4.65 about two weeks ago. At that time Kinross was finally in a position to issue a press release with some positive news that arested the decline in our share price. Since then, with a little help from improve gold prices, Kinross share price has risen to Cdn$6.50. Regarding your question about acquistions, Kinross has about US$190 million in cash and is actively pursuing acquistion opportunities that have arisen as a result of the depressed gold price. Except for our increased interest in Goldbanks announced earlier this year, Kinross has not concluded an acquisition in 1997 but the year is not over yet so please stay tuned. Regards, Gord McCreary VP Investor Relations & Corporate Development Kinross Gold Corporation

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