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Message: Kinross gold output falls; more production needed
3
Jan 25, 2010 02:55PM
3
Jan 25, 2010 04:00PM

Jan 25, 2010 04:52PM

http://www.canada.com/business/Kinross+shares+down+nearly+revised+outlook/2151771/story.html

Kinross has had a fall in gold production, while its competitors like Goldcorp increase their output. Kinross needs assets and will continue shopping, like they just did buying their Kupol property for $360million in Russia at $172 an ounce (apparently planning to truck the ore 90km):

http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b20985615

I wonder if Kinross might become a surprise buyer for Kodiak assets if a good-size block of ounces are sufficiently proven up.

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