The Ridgeway gold mine in South Carolina is back on the auction block following the announcement that Kinross Gold (TSE) and Kennecott Minerals have terminated their negotiations.
In October, Kinross announced that it had agreed to pay Kennecott US$47 million for the 125,000-oz.-per-year open-pit mine and mill complex. When contacted, Kinross management declined to comment on the reason for cancelling the deal.
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