Having completed a due diligence review, Kinross Gold (TSE) has completed its purchase of Nerco DeLamar, Nerco Metals and Palms Mining from Kennecott for $16.2 million.
The principal assets of the purchased companies are the DeLamar gold-silver mine in southwest Idaho and the Candelaria heap-leach silver mine near Hawthorne, Nev.
Kinross is owned 25.3% by Dundee Bancorp (TSE) and 17.2% by Placer Dome (TSE).
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