Post by
Henry28 on Oct 18, 2020 8:57am
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Kinross Gold considers selling gold mines in Americas - Globe and Mail Oct. 17, 2020 10:36 PMKinross Gold Corporation (KGC)By: Carl Surran, SA News Editor Kinross Gold (NYSE:KGC) is considering selling its gold mines in North and South America, moving its primary stock listing to London, and doubling down on its portfolio of assets in Russia and West Africa, The Globe and Mail reports. Kinross is said to believe selling its mines in the Americas and redomiciling its African and Russian business to London would make the remaining parts of the company more valuable than if all the assets were kept inside one business unit. The miner is mulling the overhaul partly because its Russian and West African mines always have traded at a depressed valuation in the North American market, and since the price of gold has surged in the past year, management believes the timing is favorable to sell its mines in the Americas, according to the report. In a bullish analysis published recently on Seeking Alpha, Individual Trader sees "substantial room to grow the [dividend] payout in the years ahead, [and] expected EPS growth over the next few years should result in a much higher price" for Kinross Gold. Recommended for you: Most Heavily Shorted Stocks: October 2020 BOOX Research Where Fundamentals Meet Technicals: The Energy Sector Lyn Alden Schwartzer 3 Reasons 2021 Could Be The Year Of Hard Assets Brad Thomas Hyperinflation Is Here Goldmoney RSS Feed Sitemap About Us Feedback Contact Us Terms of Use Privacy IOS App Android App Facebook Twitter 2020 Seeking Alpha
Comment by
gisellekronk on Oct 18, 2020 3:10pm
i saw that ,give up its americas mines , for russia and west africa ? , things change , gov changes may make that a bad decision . i dont know what to think . i hope the people that are smarter than me , that comment ,will post