Kinross Gold Corporation, Canada’s third largest gold producer, has agreed to buy the remaining 91 percent of shares of Red Back Mining Inc. that it does not already own, to expand into Africa.
Red Back, based in Vancouver, operates the Tasiast mine in Mauritania and the Chirano mine in Ghana, and has exploration projects in both countries. Kinross has mines and projects in Canada, the United States, Brazil, China and Russia.