11:53 AM EST - Kinross Gold Corp. : said Monday it will not proceed with further development of its Fruta del Norte project in Ecuador, a move that will result in a charge of approximately $720 million in the second quarter, the company said. Approximately $700 million of the charge is expected to be non-cash, reflecting the company’s entire net carrying value of the FDN project. Kinross Gold Corp.
shares T.K are trading down $0.37 at $6.07.
