Phase 1 Tasiast expansion ‘the right project for Kinross at the right time’

Canadian gold producer Kinross Gold has taken a Phase 1 expansion decision on revamped development plans for the Tasiast mine, in the West African State of Mauritania. The $300-million first-phase expansion was expected to nearly halve Tasiast's production cost of sales per ounce and boost yearly output by 87% from 2018 onwards, when compared with 2015’s results.