Tuesday, January 24, 2012 11:39:48 AM
KGC Kinross Gold Corp. (10.54) produces 2.5 million ounces of gold annually, operates 10 mines, with projects in North and South America, Russia, and Africa.
Kinross is the 7th largest gold producer world wide.
Website: http://www.kinross.com/
Pinksheets: http://www.otcmarkets.com/stock/KGC/quote
Ihub: http://investorshub.advfn.com/boards/board.aspx?board_id=6036
The 24% take down following news that KGC intended a review of its project-development plans and an impending non-cash impairment charge relating to goodwill from its $7.1 billion merger with Red Back Mining in mid-2010 is pure bull shit and a typical market over reaction. Kinross opted to dial back its timeline a bit in favor of careful planning to remove some execution risk and ensure the optimal allocation of precious capital. Smart move. Best opportunity to acquire a major at bargain prices we will see for years imo.
Kinross Provides Preliminary 2011 Results and 2012 Outlook http://www.otcmarkets.com/stock/KGC/news
The Comprehensive View of Kinross Gold http://www.fool.com/investing/general/2012/01/19/the-comprehensive-view-of-kinross-gold.aspx
Kinross Gold shares down nearly 20 per cent http://www.canadianbusiness.com/article/66206--kinross-gold-shares-down-nearly-20-per-cent-amid-troubles-at-tasiast-mine
Kinross Gold in Play After Paying Too Much: Real M&A http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/20/bloomberg_articlesLY0O050UQVI901-LY3PU.DTL - Ridiculous! "Remember that there were 8 million ounces when we acquired it, acquired the asset; now we've done the drilling to define 21 million ounces."
img]stockcharts.com/c-sc/sc?s=kgc&p=d&yr=1&mn=0&dy=0&id=p73545489981[/img]
Kinross is the 7th largest gold producer world wide.
Website: http://www.kinross.com/
Pinksheets: http://www.otcmarkets.com/stock/KGC/quote
Ihub: http://investorshub.advfn.com/boards/board.aspx?board_id=6036
The 24% take down following news that KGC intended a review of its project-development plans and an impending non-cash impairment charge relating to goodwill from its $7.1 billion merger with Red Back Mining in mid-2010 is pure bull shit and a typical market over reaction. Kinross opted to dial back its timeline a bit in favor of careful planning to remove some execution risk and ensure the optimal allocation of precious capital. Smart move. Best opportunity to acquire a major at bargain prices we will see for years imo.
Kinross Provides Preliminary 2011 Results and 2012 Outlook http://www.otcmarkets.com/stock/KGC/news
The Comprehensive View of Kinross Gold http://www.fool.com/investing/general/2012/01/19/the-comprehensive-view-of-kinross-gold.aspx
Kinross Gold shares down nearly 20 per cent http://www.canadianbusiness.com/article/66206--kinross-gold-shares-down-nearly-20-per-cent-amid-troubles-at-tasiast-mine
Kinross Gold in Play After Paying Too Much: Real M&A http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/20/bloomberg_articlesLY0O050UQVI901-LY3PU.DTL - Ridiculous! "Remember that there were 8 million ounces when we acquired it, acquired the asset; now we've done the drilling to define 21 million ounces."
img]stockcharts.com/c-sc/sc?s=kgc&p=d&yr=1&mn=0&dy=0&id=p73545489981[/img]
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