Ms. Andrea Mandel-Campbell reports
HEAVY RAINS TEMPORARILY SUSPEND OPERATIONS AT KINROSS' MARICUNGA MINE
On March 24, Chile's Northern Atacama region experienced an extreme weather event, with heavy rains causing flooding and damaging infrastructure. Mining operations throughout the region were affected, including Kinross Gold Corp.'s Maricunga mine, where mining and crushing operations, and the SART plant, remain temporarily suspended. The ADR plant continues to operate, producing gold from existing material in the heap leach.
The company is assessing the extent of the damage to roads and power lines to Maricunga, which is located 120 kilometres east of the city of Copiapo, at approximately 4,500 metres above sea level. The main road to Maricunga from Copiapo is currently impassable, and power lines are down. The site is relying on generators to supply electricity to the camps and operate the ADR plant. Facilities at site have not sustained any damage.
At this time, Kinross does not anticipate that the temporary suspension of operations will impact the company's regional production guidance for the year. The company will provide an update on Maricunga's status once more information is available.
We seek Safe Harbor.
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