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Old Frank P

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Old Frank P

Re: None

Friday, 09/28/2001 7:10:22 AM

Friday, September 28, 2001 7:10:22 AM

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Kinross Gold
By MPL Staff Writer

Canaccord Capital analyst Brian Christie and associate Brad Humphrey continue to rate the shares of Kinross Gold Corp. (TSE-K, $1.50) a speculative buy. Their 12-month target price is $2.

Kinross has entered into a letter of intent to acquire Wheaton River Minerals Ltd.'s interest in the Nunavut-based George/Goose Lake gold project.

The analysts view the project favourably. "With this latest transaction," they say, "Kinross continues to take advantage of a rising gold market." They think the company "is one of the better leveraged plays on gold."

What's more, the company has recently improved its operational performance and cleaned up its balance sheet.

As a result, they reiterate their speculative buy recommendation "for risk adverse accounts."


Regards,
Frank P.

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