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.

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Kinross Gold Corp

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Comment by piedoneon Oct 02, 2010 12:00pm

462 Views

Post# 17521433

RE: RE: Gold Index

When the gold producers will start to report their quarterly results, just divide their net profits to the price of gold and you will have a surprise. They will make less money versus the price of gold. That's why the gold stocks don't follow the price of gold. And I am pretty sure that the costs to produce an ounce of gold will start to go up (labor costs, oil, currency issues, etc.). So, it doesn't matter that the price of gold goes up as long as you don't have a stable currency and the costs go up us well.

Piedone

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