Kinross Gold Corporation has ten mines and four development projects in eight countries now that it’s completed a $7.1 billion friendly takeover of Red Back Mining Inc. Analysts say the combined company’s gold production will be about 3.9 million ounces in 2015.
Kinross had previously acquired a 9.4 percent interest in Red Back through a $587 million private placement transaction this past May. With the completion of the latest deal on September 17, former Kinross shareholders now own about 63 percent of the combined entity, while former Red Back shareholders hold about 37 percent.
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