Kinross adds equipment, ups spending

Work began this spring on a three year, $60 million capital project at the Fort Knox gold mine northeast of Fairbanks, Alaska, a project that will ultimately access 1 million ounces of deeply buried gold, ensuring production at Alaska's largest mine through 2010.

Called Phase 6, the mine expansion entails removing 55 million tons of non-gold bearing rock, or waste rock, in order to access an estim...