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Kinross Gold Corp T.K

Alternate Symbol(s):  KGC

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

Bullboard Posts
Comment by SAGE1on Apr 28, 2007 9:42pm
225 Views
Post# 12692749

RE: Bema to Kinross consolidation?(mmagic)

RE: Bema to Kinross consolidation?(mmagic)This applies to cash or margin accounts. Won't apply to RRSP accounts. If you didn't elect 85 of ITA it is a deemed disposition and the capital gains will apply to whatever your cost base was including your trading acquisition transaction cost(documents in my office not here can't say what the deemed disposition price was exactly at this time). It was around $7.00 lets say, so the difference between your adjusted cost base for Bema(say you bought 10,000 shares at an adjusted cost base $4.50 including your transaction cost will give you a base of $45,000). You got $70,000 for your shares effective February 29, 2007. This will trigger a taxable capital gain of $25,000 in 2007 unless you did the election. This is standard and has happened before for me on other stocks. Phone Kinross investor relations monday for clarifcation. You should have received the option election instructions from Scotia Direct Investing in good time to reply by the appropriate date. TDW sent me two and I gave them my option 2) instuctions. It still turned out to be a general $uck up as I explained in my previous post. Anyone else have a bad experince on this one? s1
Bullboard Posts