Kinross advances $150m Manh Choh project to feasibility stage

Canadian miner Kinross has competed an initial scoping study for its 70%-owned Manh Choh project, in Alaska, and this $150-million project is now proceeding to a feasibility study. Except for capital estimate, the results of the scoping study are largely in line with the estimates at the time when Kinross bought the project – then known as Peak – in 2020. The miner reported that the initial capital estimate had increased by about $50-million and attributed this to strategic decisions that would derisk the project and improve operational cost efficiencies, including reducing the use of contractors.