Kinross Gold’s
Tasiast mine in
Mauritania
 
Toronto, Canada — 10 October 2012 – Kinross Gold Corporation has announced that its chief financial officer, Paul Barry, will be leaving the company just two months after the Canadian miner replaced its chief executive.

Barry, who joined Kinross in March 2011, is leaving to pursue other interests, but will remain in his role until a replacement has been found, the company said in a release cited by Reuters.

Kinross, Canada’s third-largest gold company, appointed J. Paul Rollinson as the new chief executive early in August, replacing Tye Burt in an effort to boost capital efficiency and improve the operations of its major projects.

Shares of the company have surged more than 25% since Rollinson took over, and regained ground lost after Kinross posted a massive US$2.94 billion non-cash goodwill impairment charge in February, tied to the Tasiast and Chirano mines in Africa. The operations were acquired as part of Kinross’s US$7.1 billion takeover of Red Back Mining in 2010.

Source: Reuters Africa. For more information, click here.