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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (14982)	7/28/1998 5:41:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116756

Kinross Gold Corporation 12:48 p.m. Jul 28, 1998 Eastern TORONTO, July 28 /CNW-PRN/ - Kinross Gold Corporation (TSE-K; NYSE-KGC) announces that during the month of July, the Corporation repurchased spot deferred sales contracts for 208,200 ounces of gold, sold 103,750 gold put options and closed out a substantial trading position. These transactions generated approximately US$46 million of cash and eliminated all of the gold hedging contracts of KINAM Precious Metals Inc. (formerly Amax Precious Metals Inc.), a wholly owned subsidiary. As a result of its merger with Amax Gold Inc., which became effective June 1, 1998, Kinross has become the fifth largest North American based gold producer. %SEDAR: 00002968E SOURCE Kinross Gold Corporation Copyright 1998, PR Newswire ÿ