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Kinross Gold (KGC) has recently announced that it reached terms with the government of Mauritania on the deal for Tasiast Sud. Kinross Gold is currently proceeding with the expansion of the Tasiast mine, and Tasiast Sud is an area where Kinross plans to conduct an exploration program. At this point, it has been underexplored, so it does not have big reserves and resources.
Source: Kinross Gold
According to the deal, the government will offer a 30-year exploitation license for Tasiast Sud and pay approximately $40 million in outstanding VAT refunds. In turn, Kinross