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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
Post by xxxsniperon Jan 19, 2012 5:45pm
366 Views
Post# 19424180

The write down question

The write down question

Is it possible that the writedown amount in respect to the Tasiast property is a proactive measure with the intent to break off this asset into a separate stock listing??; as did Barrick with their African properties via the London exchange.

Such move might also explain the 6 to 9 month reported delay.

Furthermore, such a move would generate immediate cash for mine construction while at the same time taming the now long term downward pressure this asset has put on share price. 

Bullboard Posts