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Kinross: strike suspended at Tasiast gold mine

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(Kitco News) - A strike by unionized workers at Kinross Gold Corp.’s (TSX: K; NYSE: KGC) Tasiast mine has been suspended at the request of the government of Mauritania, the company announced Friday.

The company said the shutdown, which began on May 5, is not expected to “materially affect” 2020 production. The company also said it “remains open to discussions with the staff delegates.”

The mine, which is located in the West African nation of Mauritania, produced 391,097 gold-equivalent ounces in 2019, well up from 250,965 the year before. Officials have said the mine continued to benefit from a phase-one expansion and a strong performance by the mill.

Kinross is a Canadian-based senior gold mining company with mines and projects in the U.S., Brazil, Chile, Ghana, Mauritania and Russia. 

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