Replies to post #1229 on Kinross Gold Corp (KGC)

[2014shelby]

Good call. Especially with this news:

• Kinross Gold (NYSE:KGC) -5.8% AH after announcing a bought-deal public offering of 83.4M common shares priced at $3.00/share, with an underwriters option to purchase up to an additional 15% of the offering.
• KGC says it plans to use the proceeds to strengthen its balance sheet and long-term liquidity position to repay credit facilities that were utilized to purchase assets from Barrick Gold.