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Tasiast mine
Precious Metals  
14 June 2016

Three-week strike ends at Kinross Gold’s Tasiast mine

TSX-listed Kinross Gold has reported an end to the three week strike at its Tasiast mine in Mauritania.

The strike by unionised employees at Kinross Gold’s Tasiast mine, which began on 24 May 2016 has ended with striking employees returning to work on 11 June 2016.

Kinross Gold said in a media release on Monday that negotiations with the staff delegates on a new collective labour agreement and other outstanding items is expected to re-commence within ten days.

It added that mine employees retain the right to strike during negotiations subject to Mauritanian labour laws.

Kinross Gold maintains that the strike is not expected to impact the company’s annual regional guidance and did not affect development of the Tasiast Phase One expansion, which began in April.

Engineering work at the Tasiast Phase One expansion is 35% complete and is expected to reach 80% by end of July 2016. A significant amount of contractual commitments and site establishment work is expected to occur during the second quarter of 2016, with full field construction expected to commence in the third quarter of 2016.

Phase One commissioning is expected to begin in the fourth quarter of 2017, with full production expected by the end of the first quarter of 2018.

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