The deal was completed for a total consideration of $220m.

AngloGold Ashanti now owns a 100% stake in the mine, located in the State of Goias.

As of 31 December 2011, Kinross’ share of Crixas’ proven and probable gold reserves was about 375,000 ounces and the company said its share of forecast production for 2012 was about 70,000 gold equivalent ounces.