Kinross Gold Corp. is suspending all activities at its Udinsk development project in Russia. The company is also in the process of suspending operations at its Kupol mine, with the focus on the safety and well-being of its more than 2,000 employees and in recognition of its obligations to manage and mitigate the mine’s environmental impact on an ongoing basis.
The Canadian gold miner said it intends to adhere to all sanctions and legal restrictions that have, or will be, announced by relevant governments.
Kinross said it is deeply concerned about the loss of life and destruction in Ukraine and wishes to express its sympathy and support for the people who are suffering because of this tragic situation.
The company donated $1 million to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal to assist those people most in need. Kinross said it is hopeful for a peaceful and diplomatic solution in Ukraine.