<div id="subtitle">Kinross says Export Development will guarantee letter of credit worth up to $125 million</div><div><p>Canadian gold mining operator Kinross Gold Corp. said Wednesday that Export Development Canada has agreed to guarantee a letter of credit worth up to $125 million.</p><p>The company expects to use the credit line to cover reclamation liabilities at several mining sites. It expires in November 2012.</p><p>The company said the new letter of credit will be used for liabilities at Fort Knox, an open pit mine near Fairbanks, Alaska; Round Mountain, an open pit mine north of Tonopah, Nev.; and Kettle River-Buckhorn mine sites in Washington state.</p><p>The new financing is in addition to a recently amended $450 million revolving credit facility. Chief Financial Officer Thomas M. Boehlert said the two moves gave the company more available credit to deal with future funding needs.</p><p>Shares of Kinross rose 27 cents to close at $19.61.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=63156027&bid=informcom" /></div><div id="copyright"><div>

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