RE:RE:Raymond James misses on KGC's bargain purchase of GBRGreat reminder, goldman. The NCIB runs to early August of next year, per the NR of 7-28
TORONTO, July 28, 2021 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross” or the “Company”) (TSX: K, NYSE: KGC) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to establish a normal course issuer bid (“NCIB”) program.
Under the NCIB program, the Company is authorized to purchase up to 63,096,676 of its common shares (out of the 1,261,933,539 common shares outstanding as at July 27, 2021) representing 5% of the Company’s issued and outstanding common shares, during the period starting on August 3, 2021 and ending on August 2, 2022. There's been no update announcement of how many they've bought so far, but just watching L2 on the U.S. market,
"somebody" has been showing up on the bid with their chequebook whipped out every time there's been any price weakness.
Once tax-loss selling is over and some analyst smarter than the two at RBC and R.James puts a pencil to this.... good to go.
goldman88 wrote: And remember that KGC is buying back shares so the lower the price the more they can buy.