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Gold/Mining/Energy : Kinross Gold
KGC 27.23-3.9%11:35 AM EST

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To: tk who wrote ()12/15/1997 5:44:00 PM
From: Martino  Read Replies (1) of 530
 
To all,
News release Dec 15 @ 16:30

Kinross Gold Corp announces that during the month of
december the corporation repurchased spot deferred contracts
and fixed forward sales contracts representing 200,400 ounces
of gold. these transactions generated approximately US $22.5 million
of cash which will be realized into income over the original delivery
schedule of the various contracts. the remaining gold hedge
positions kinross have at mark to market value of $13.5 million
at a gold price of $290. per ounce.

good luck to all.
nick.
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