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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 bob4977on Sep 02, 2012 12:28pm
227 Views
Post# 20307589

RE: K

RE: K

That is an interesting page. I wish we had something like that on the TSE where most of my stocks are. There does seem to be a bias among banks to increase shares in Kinross. This may be related to the Basel 3 accord which will allow banks to own gold as a tier 1 asset. That just gives banks more incentive to own gold which will only push the price up. Kinross is a high cost producer ( mainly because of Tasiast) so would get a better boost than most when the price of gold breaks into a new range. You have to assume that will happen because we got kicked harder in the teeth when the price of gold went down.

I too own a lot of Kinross although I probably averaged down more than you and have a lower average cost. I am still comfortably underwater on the stock.

Bob

Bullboard Posts