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To: Canuck Dave who wrote (229038)6/10/2013 7:09:35 PM
From: Rocket Red  Respond to of 313175
 
Kinross's decision to cease the development of FDN will result in a charge of approximately $720-million in the second quarter. Approximately $700-million of the charge is expected to be non-cash, reflecting the company's entire net carrying value of the FDN project, and approximately $20-million represents accrued severance and closure costs.



To: Canuck Dave who wrote (229038)6/10/2013 7:37:24 PM
From: SwampDogg  Read Replies (1) | Respond to of 313175
 
how about nobody like most of the other multi million oz deposits
will have no effect on stock and may even be viewed positively
ecuador a no go zone



To: Canuck Dave who wrote (229038)6/10/2013 7:52:29 PM
From: Rocket Red  Respond to of 313175
 
TSX performance could lag US stocks for another decade: Scotiabank



To: Canuck Dave who wrote (229038)6/10/2013 8:12:51 PM
From: Veteran98  Read Replies (1) | Respond to of 313175
 
Ottos's take..... Holy wow, what a total clustafark. And let's be clear; if you can't develop FDN, one of the highest grading big deposits out there, you can't develop anything in Ecuador. And a $720m writeoff, too.

incakolanews.blogspot.ca


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