Kinross Takes $3-billion Punch on Tasiast Writedown
Gold – Kinross and Barrick both announced multi-billion-dollar writedowns in the fourth quarter. Investors, however, see a silver lining in the bad news.
Articles Tagged "kinross gold"
Kinross Gold Reports Multibillion Dollar Net Loss for Q4
Gold – Mining Weekly reported that Kinross Gold's fourth quarter results showed multi billion dollar net loss related to their write down of the Tasiast mine.
Four Canadian Miners Set to Boost Returns, Despite Challenges: S&P
Gold – Mining Weekly reported that four Canadian miners, Barrick Gold, Goldcorp, Kinross Gold, and Newmont Mining are looking to boost returns in a cost prohibitive operating environment.
Kinross CFO Resigns Shortly after Replacing CEO
Gold – Mining Weekly reported that Kinross Gold's CFO, Paul Barry, is slated to leave the company once a new CEO has been appointed.
Kinross Looks to Increase Efficiency Through Optimization
Gold – Mining Weekly reported that Kinross Gold (NYSE:KGC) said it is working on improving returns and capital efficiency through optimization at its mines.
Volatile Gold Prices Follow Key Interest Rate Developments
Gold – Following an important interest rate decision in China and a more recent monetary policy signal from the United States, gold prices dropped lower overall.
AngloGold Ashanti Buys Kinross’ Stake in Crixas Mine
Gold – Mining Weekly reported that Kinross Gold (NYSE:KGC) sold its stake in the Brazil-based Crixas mine to AngloGold Ashanti (NYSE:AU) for $220 million.
Kinross Price Targets Slashed
Gold – Financial Post reported that some analysts are cutting their price targets for Kinross Gold (NYSE:KGC) on new of project delays.
Kinross Gold’s Profit Soars; Co. Boosts Dividend
Gold – Reuters reported that Kinross Gold (NYSE:KGC) increased its dividend on higher profits due to soaring gold prices.
Kinross Gold to Invest in Edgewater Exploration
Gold – Reuters reported that Kinross Gold (TSE:K) intends to purchase 625,000 units of Edgewater Exploration (CVE:EDW).
