Kinross Gold Corp T.K

Kinross Gold Resumes Mining Operations At Tasiast After Fire

[AwareInvestor]

Kinross Gold Corporation announced today that work has resumed at its Tasiast mine. The company suspended operations at the mine following a fire incident last Tuesday.

 

The mining firm has resumed mining activities at Tasiast mine and construction work on the Tasiast 24k expansion project. On the other hand, the SAG mill operations continue to be suspended as the fire incident occurred at the trommel screen of the mill.

https://thedeepdive.ca/kinross-gold-resumes-mining-operations-at-tasiast-after-fire-incident-reduces-guidance/

[topdown99]

I've been watching Kinross since they announced the fire last week , I am looking to grab a position here but the selling is still too strong . Once the panic has subsided I'll revisit the idea as they are still producing above 2 million ounces per year 

[RiceHammer4416]

Smart move. I'm still trying to figure out the big sell off. It doesn't add up for me.

[topdown99]

Bigger hands than mine are trying to squeeze out any weak positions . Looks like the SP wants to recover some but shares keep getting dumped , I'll watch how this acts closer to the close but it seems "the pressure" is still on .  This selloff seems over done but thats just my opinion , time will tell what the market values 2 million ounces of production are really worth . Gold

[topdown99]

What I find strange is that "the mill" was idle anyways , this issue doesn't really seem to be that relevant Hammer but its a cheap excuse to sell on a slow trading day