Kinross Gold Corp T.K

Alternate Symbol(s): KGC

Metals & Mining Gold

Kinross Gold Corporation is a Canada-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The Company’s projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast and Great Bear projects. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska. Round Mountain is a long-life, open pit mine located in Nevada. Bald Mountain is an open pit mine with an estimated mineral resource base located in Nevada along the southern extension of the prolific Carlin trend. Manh Choh project is in Alaska, located approximately 400 kilometers southeast of Fort Knox. Paracatu is a long life, cornerstone operation located near the city of Paracatu in Brazil’s Minas Gerais region. It operates the La Coipa mine in the Atacama region and owns the Lobo-Marte development project, which is located approximately 50 kilometers southeast of La Coipa.

TSX:K - Post by User

Kinross Gold Corp

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Post by canucklehead4on Apr 24, 2011 11:07pm

650 Views

Post# 18480919

Calculated support

Trading Idea - Is Kinross Gold close to Support?

Written by Christoper Lynn

Sunday, 24 April 2011 19:32

New York, April 24th (TradersHuddle.com) - Shares of Kinross Gold Corporation (NYSE:KGC) are trading very close to calculated support at $14.94 with current price action closing at just $15.35 places the stock price near levels where traders will start paying attention.

Kinross Gold Corporation (NYSE:KGC) is involved in the exploration, development, and production of gold in countries located around the world. The company is the fourth largest primary gold producer in North America by reserves.

Kinross Gold's current stock range is defined by current calculated support defined at $14.94 and by the resistance level at $16.74, which should be used by traders planning their trades.

Traders wanting to establish a position should place close attention to Kinross Gold's price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $16.74 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.

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