Kinross plans third year of exploration at Puma’s Williams Brook gold project
KGC•Kinross plans a third year of exploration at Puma Exploration’s Williams Brook gold project, including a minimum $3 million work commitment subject to board approval. It has spent more than $5 million under the option agreement and can earn a 65% interest by funding at least $16.75 million over five years, subject to conditions.
1. Exploration plans
Kinross plans another year of exploration at Puma Exploration’s Williams Brook gold project in northern New Brunswick, Canada. The third-year program includes a minimum $3 million work commitment, subject to Kinross board approval; a technical committee will finalize the budget and program before year-end 2026, and Kinross will remain operator.
2. Option agreement
Exploration spending under the agreement has exceeded $5 million since it began. Kinross can earn a 65% interest by funding at least $16.75 million in exploration over five years, subject to conditions.
