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Message: john ing likes kinross

john ing likes kinross

posted on Dec 19, 2008 08:22PM

this is john ing's analysis of kinross:



Kinross Gold Corp

Kinross' results were above expectations in the third quarter reflecting its contribution from the high grade silver/gold Kupol mine in northern Russia and Fort Knox in Alaska. Kinross produced a record 551,000 gold equivalent ounces in the quarter in which the Kupol mine contributed slightly over 200,000 ounces. Looking ahead at the Paracutou expansion in Brazil is complete and a contribution is expected in the first quarter of next year. Kinross also brought the Buckhorn mine in Washington into production where material is being processed at Kinross' Kettle river mill. Kinross also signed an opportunistic deal with Teck Corporation to acquire the 60 percent in Lobo-Marte deposit which consolidates its play in Northern Chile. Kinross' Maricunjiga mine is located nearby and the Lobo-Marte deposits have a 5 million ounce resource. We like Kinross here which will benefit from a full year output from Kupol, Buckhorn and Paracutu. In addition, Kinross remains a tasty takeover tidbit.

http://www.gold-eagle.com/editorials...

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