Kinross in negotiations to sell its Russian assets due to Ukraine invasion

Kinross Gold Corp. says it is in negotiations to sell all of its Russian assets, nearly a month after announcing the suspension of a development in Far East Russia, following the invasion of Ukraine.

The Toronto-based miner says it received unsolicited proposals after announcing the prior move on March 2 and is in exclusive negotiations with an unnamed mining company.

It says any divesture or change of control of its assets with more than 2,000 employees would be subject to Russian government approval.