Hot International Stocks To Watch Right Now: Kinross Gold Corporation(KGC)
Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It also involves in the exploration and acquisition of gold bearing properties. The company?s gold production and exploration activities are carried out principally in the Americas, Africa, and the Russian Federation. As of December 31, 2010, its proven and probable mineral reserves were 62.4 million ounces of gold, 90.9 million ounces of silver, and 1.4 billion pounds of copper. The company was founded in 1972 and is based in Toronto, Canada.Advisors' Opinion:
- [By Dave Forest]
You don't have to take my word for it. Just take a look at the gold-star list of major mining companies that have lined up to work with Riverside: Cliffs Natural Resources (NYSE: CLF), Antofagasta, Hochschild and Kinross Gold (NYSE: KGC), to name a few.
- [By Jim Jubak]
At $1300 an ounce, Goldcorp's assumed price of gold is still significantly above the $1140 at Barrick Gold (ABX) or the $1,200 an ounce at Kinross Gold (KGC). I expect that Yamana Gold AUY, set to report on February 18, which already used a price assumption below $1300 an ounce, will reduce its price assumption even further. That leaves plenty of room for another reduction in reserves at Goldcorp on a lower assumed price. Gold closed at $1273 an ounce on average in the fourth quarter of 2013, 4% lower than in the third quarter and 26% less than in the fourth quarter of 2012.
- [By Jim Jubak]
As sure as April showers bring May flowers, January brings reserve updates from gold mining companies that foreshadow the annual earnings reports that these companies will issue in February. Yamana Gold (AUY) and Randgold Resources (GOLD) initiate the February earnings parade from gold mining companies, with reports on February 2 and 3, respectively. Kinross Gold (KGC) follows on February 12 with Goldcorp ! (GG) and Barrick Gold (ABX) reporting on February 13. Newmont Mining (NEM) issues its numbers on February 20.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/hot-international-stocks-to-watch-right-now.html