InvestorsHub Logo
Followers 0
Posts 474
Boards Moderated 0
Alias Born 02/21/2008

Re: Maestro111 post# 101867

Monday, 05/07/2012 8:18:40 AM

Monday, May 07, 2012 8:18:40 AM

Post# of 155603
Well, I'm sure Kinross has crunched all the numbers, going forward with a long term grind of sifting out 1.17gm/ton of gold. There saving grace is that of open pit mining, major miners like Kinross can get away with such low levels of gold and make a profit.

I vote to sell the gold sections.

Fact is all the good gold mines have been exploited and Kinross probably has nothing better to do with all their equipment.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.