Kinross Gold Corp (KGC)

[Timetravelerdos]

Kinross Gold: This Is Great News!!!

The Tasiast 24k project is expected to ramp up to 21,000 tonnes per day by the end of 2021, and then to 24,000 t/d by mid-2023, while also extending the mine life by four years to 2033, according to Kinross. Permitting is in place and engineering is 50% complete, so things are already underway.

With a market cap closing in on $6 billion and gold production of 2.5+ million ounces per year, it's hard for new gold mines to move the needle for this company; for example, it would need to acquire a 250,000+ ounce per year mine to increase production by 10%.

But this project carries exceptional economics and should boost its production and cash flow, with minimal capex requirements.

https://seekingalpha.com/article/4294948-kinross-gold-great-news?dr=1