Kinross Gold to invest $1.4B in U.S. projects, boosting gold output by 400K oz/year at $1,650/oz.

Kinross Gold plans a $1.4 billion investment in three U.S. projects to boost gold production by about 400,000 ounces annually with an average all-in sustaining cost of $1,650 per ounce, aiming to extend mine life and improve efficiency. Meanwhile, 29Metals reported strong copper drill results at its Golden Grove project in Western Australia, with a 16.5-meter intersection grading 2.1% copper. Gold prices dipped slightly on Monday as geopolitical tensions eased between the U.S. and Iran and amid uncertainty over a potential Federal Reserve chair nomination, reducing safe-haven demand ahead of a U.S. long weekend.