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AuRico Gold has begun to reap the benefits of its own radical steps. Starting out the year with six mines, today the company has two. From forecasts just a year ago for production of 730,000 ounces of gold a year by 2013, the company is now looking at potential output of 240,000 ounces from one mine in northern Ontario and another in northern Mexico.
AuRico Gold has begun to reap the benefits of its own radical steps. Starting out the year with six mines, today the company has two. From forecasts just a year ago for production of 730,000 ounces of gold a year by 2013, the company is now looking at potential output of 240,000 ounces from one mine in northern Ontario and another in northern Mexico.
(iStockphoto)

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Kinross pours cold water on Southridge claims (again)

Editor’s note: This article has been updated

After an unusual clash of press releases in the last week, the proposed partnership between gold miner Kinross Gold Corp. and Southridge Enterprises Inc. seems to be off the table.

But the junior gold explorer maintains that it has signed agreements in hand, and it has shared a theory on why Kinross would state that no partnership or investment was ever agreed upon between the two businesses.