Kinross Gold Corp (KGC)

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Onward To 2016
Rainy River is Four Years Away from Gold Production
By Ted Niles

Rainy River Resources TSX:RR lost roughly 40% of its value in September 2011. Crummy assay results? Funding problems? Corporate upheaval? None of the above. Just the vagaries of the market. “The Rainy River project is only getting better with time,” President and CEO Raymond Threlkeld emphasizes. “It’s getting bigger and the economics are becoming better.”

The company continues to advance it eponymous gold project, located on 16,530 hectares in what is fast being recognized as an emerging gold district in Ontario’s southwest. On February 24, Rainy River released an updated NI 43-101 resource estimate for the 16,530-hectare property of 5.72 million ounces gold and 12 million ounces silver in the measured and indicated categories, marking a 30% and 32% increase in gold and silver ounces, respectively. The report also outlined inferred resources of 2.25 million ounces gold and 6.77 million ounces silver inferred.

Read the rest of this article. http://resourceclips.com/2012/04/10/onward-to-2016/