* CEO says Kinross would consider selling certain assets
* Says firm does not need to sell assets to fund growth
* CEO says “open to ideas” on stake in Crixas gold mine
* May consider selling remaining stake in Cerro Casale
TORONTO, Feb 27 (Reuters) – Kinross Gold
may consider selling its 50 percent interest in the
Crixas underground gold mine in Brazil and its 25 percent stake
in the Cerro Casale gold-silver-copper project in Chile, Chief
Executive Tye Burt said on Monday.
“Would we dispose of further assets? Of course,” said Burt
in response to a question at the BMO Global Metals and Mining
Conference in Hollywood, Florida.
“We do have a tradition of monetizing or selling assets …
so that’s a continuous portfolio review process,” he said.
Last year, the Canadian company sold an 8.5 percent equity
interest in diamond miner Harry Winston for about C$100
million. This followed its 2010 sale of a 22.5 percent interest
in the partnership holding Harry Winston’s 40 percent interest
in the Diavik Diamond Mines joint venture.
Continued…
