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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 sancabon Apr 14, 2013 12:36am
209 Views
Post# 21251690

Here's an idea... INCREASE the dividend OR STOCK B

Here's an idea... INCREASE the dividend OR STOCK B

AU stock are making money...

but the world thing AU is not worth.

if every major producer would increase its dividend by 100%... from the mere 2% yield to 5%..

I can bet you ppl will think differently of AU stocks.

currently K pays $180Mill in dividends... a double will be $360Mill.

 

with $1.40Bill of cash flow, they can afford to pay the dividends.

 

OR...

 

Kinross should start buying back its huge share base.

At these level its a NO brainer

 

200,000 share @ $6.40/share = $1.3Bill

thats about 20% of the shares...

 

play the demand and supply ...

if the demand is low, buy back its shares for those who dont want it

 

THis worked well for ROGERS COMMUnications.

Had 600Mill shares..@  $30/share.

Now 400Mill shares .. @ $50/share.

 

 

Bullboard Posts