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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 MAKEITBACKon Aug 18, 2011 8:24pm
320 Views
Post# 18958492

RE: RE: gold to new record high, most gold stocks

RE: RE: gold to new record high, most gold stocks No, you can thank the financial wizards that have created ETF's and trust units for the gold market, who wants to invest in gold shares when you can own a basket of worthless paper, oops I mean ETF's. They are up, and gold stocks are down, this is why I sold my position, gold goes up large when the market is tanking, and gold shares follow, gold goes down when markets are doing well, and guess what, we go down as well, its a no win situation. Gold at 1800 an oz and gold stocks are lagging big time, and don't believe the bull$hit that they will play catch up. There are ETF's for oil as well as other commodities, but this does not prevent oil company stocks from rising with the price of oil. These stocks should be leveraged to the price of gold but they are being shorted mercilessly. At some point the general public will get into gold and these stocks will explode. The real danger is political risk in the countries they operate in.
Bullboard Posts