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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 shiftmanon Mar 14, 2013 6:03pm
171 Views
Post# 21132169

RE: queasy about Ecuador..

RE: queasy about Ecuador..

No doubt Russia is better.

Ecuador Government and the Canadian Government have a good working relationship. To back up this statement a good read  is the new Quinto airport. This was build by the Canadian Government project assigned to T.ARE  Aecon Group.

there were some hiccups like the Mayor of Quinto wanting a larger cut half way through the project.

550,000 a year out of the operating revenue  ARE-T 48% there are other contractors as well, they get the 25 year operating revenue.

anyway the problems i can see in Ecuador are the Correa Government wanting mining, need the cash. The big problem are the indigeous people not wanting to give up the land ,or not wanting mining at all. The other group who want mining but want the profits given to the people who invest nothing.

it should get interesting to see if the Chinese company can acually start stripping land, cutting down trees for the huge copper mine. They plan on clear many hectacres of rain forest which is home to these people.

If they can accomplish this without a major rebellion, and i think Kinross will be fine.

Something to keep an eye on between now and August 1 the K signing.

Also K wants an investment treaty before they commit funds now whether the Canadain Government will take part in this signing i think should be mandatory.

If K writes down the Fruta del Norte FDN that could be a 650 million write down, will hurt.

Bullboard Posts