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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 possessed2on Aug 03, 2012 10:49am
404 Views
Post# 20181090

problem solved

problem solved

Assorted geniuses have suggested that Kinross "write off" the Ecuador mine, Cerro Casale and the Yukon mine. That would make a lot of sense given that there are proven reserves there, Ecuador is making noises that they will sign contracts soon and Cerro Casale is a giant resource and they have a partner. Kinross's problem and one that many saw before the Tasaist deal is that it has become too big too soon and they can't manage the diverse properties effectively. The obvious next move is to sell off some of the properties and reduce debt or buy

back shares.

Perhaps some other company will hire Tye Burt and we can sell him all the properties that he loved so much that he stupidly mortgaged the whole company to feed his ego rather than prudently manage what was a very promising company before he appeared?

So that means we need to find somebody stupider than those presently at Kinross to hire Tye.

 

 

 

Bullboard Posts