highlights of Kinross's presentation at Denver Gol Highlights from Kinross's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Kinross Gold (KGC : NYSE, K : TSX | HOLD, US$8.75)
• First presentation by new CEO Paul Rollinson, introduced "The Way Forward" process focused on "capital and project optimization" and "company-wide cost reduction initiatives."
• Paracatu operating efficiencies have improved at plant 2.
• Round Mountain has a high level of equipment availability; has said that there are rooms for operational improvements in West Africa (high potential for improvement) and South America (medium-to-high potential for improvement).
• Dvoinoye on schedule to deliver ore to Kupol mill in H2/13.
• Tasiast heap leach testing expected to be complete in Q4/12. Pre-feasibility on 30,000 tpd mill still expected to be delivered in Q1/13. Company continues to work on the economics of building a 60,000 tpd mill at a later date.
• Renewed focus on optimizing assets: Mine plan optimization, Continuous Improvement, Cost Management & Labour Productivity, Capital Efficiency, Supply Chain Management, Energy Management and Working capital Management.
• Has already found approximately $200 million in capex reductions, improving procurement process on explosives, etc.
------ ------ ------ end of notes ------ ------ ------
Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.