Kinross gets nod from AGF''s FarquharsonPost says Kinross gets nod from AGF's Farquharson
Kinross Gold Corp (2) (C:K)
Shares Issued 613,587,631
Last Close 3/13/2008 $26.08
Friday March 14 2008 - In the News
The Financial Post reports in its Friday edition that veteran money manager Robert Farquharson, vice-chairman of Toronto's AGF Management, continues to like Kinross Gold. The Post's Sonita Horvitch, writing in Buy & Sell, quotes Mr. Farquharson as saying that while the demand for natural resources is expected to slow with the weakening global economy, there continues to be a compelling case for investing in natural resource stocks for the longer term. He says that the gold supply is declining. "We remain positive on the bullion price." Mr. Farquharson's gold pick is a long-standing favourite -- Kinross Gold. This Toronto-based company mines and processes gold and silver ore primarily in the United States, Chile, Brazil and Russia. "The company has an excellent production growth profile, says Farquharson, "after a period of relatively flat production." Kinross is also doing a "reasonable job" of controlling the costs of its new mines, "which is a challenge for many exploration and production companies." Mr. Farquharson and Coulter Wright, portfolio manager, say that key base metals such as nickel and copper should do well over the longer term.
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