Gold prices have recently hit a three-week high after comments from European Central Bank President Mario Draghi increased speculation that more quantitative easing was on the way."Within our mandate, the ECB is ready to do whatever it takes to preserve the euro," Mario Draghi said at a recent conference. "And believe me, it will be enough." The [...]
Junior Miners have been hit hard in 2012 as gold prices have struggled to gain any upward momentum in 2012. The Market Vectors Junior Gold Miners ETF (GDXJ) has fallen over 25 percent year-to-date. The industry has been a hotbed of acquisition speculation in recent weeks after Yamana Gold announced it had acquired Extorre Gold Mines Ltd. for $414 [...]
TORONTO, ONTARIO -- (Marketwire) -- 07/12/12 -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) confirmed today that a YAK-12 Mauritanian military plane which was chartered to carry gold from its Tasiast mine in Mauritania crashed shortly after taking off from the airport in Nouakchott, Mauritania. Seven people were killed in the crash, including [...]
TORONTO, ONTARIO -- (Marketwire) -- 06/28/12 -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced today that, further to the Company's news release dated May 29, 2012, it has completed the sale of its 50% interest in the Crixas (Serra Grande) gold mine in Brazil to an affiliate of AngloGold Ashanti for gross cash proceeds of US$220 million [...]
Gold prices have struggled to maintain any upwards momentum in 2012 and as a result gold stocks have struggled. The Market Vectors Gold Miners ETF (GDX) and the Market Vectors Junior Gold Miners ETF (GDXJ) have fallen nearly 14 percent and 23 percent year-to-date. Since hitting a record of 1,921 dollars a troy ounce last September, gold prices have [...]
TORONTO, ONTARIO -- (Marketwire) -- 06/21/12 -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) will release its financial statements and operating results for the second quarter of 2012 on Wednesday, August 8, 2012, after market close. In connection with the release, Kinross will hold a conference call and audio webcast on Thursday, August 9, 2012 [...]
As conditions in Europe continue to worsen investors have been looking to gold as a safe haven, providing a boss for gold stocks. The Market Vectors Gold Miners ETF (GDX) has surged over 9 percent in the last month. According to the Industrial and Commercial Bank of China Ltd. (ICBC) gold-investment demand in China is expected to grow more than 10 [...]
TORONTO, ONTARIO -- (Marketwire) -- 06/11/12 -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced today that the unlawful work stoppage at its Tasiast mine that began on June 5 has ended. Employees returned to work on June 9, and production has resumed.
About Kinross Gold Corporation
Kinross is a Canadian-based gold mining company with [...]
TORONTO, ONTARIO -- (Marketwire) -- 06/06/12 -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced today that employees at the Tasiast mine have initiated an unlawful work stoppage, and mining and processing activity at the site has been temporarily suspended. Management and employee representatives are engaged in discussions aimed at [...]
TORONTO, ONTARIO -- (Marketwire) -- 05/29/12 -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced today that it has entered into a purchase and sale agreement with subsidiaries of AngloGold Ashanti Ltd. (JSE: ANG)(NYSE: AU) ("AngloGold Ashanti"), pursuant to which Kinross will sell its 50% interest in the Crixas gold mine (Serra Grande [...]
Gold miner stock has had a dismal 2012; the Market Vectors Gold Miners ETF has plummeted over 24 percent in the last three months. Bullion prices fell below $1,600 an ounce Tuesday amid fresh concerns of a euro zone debt crisis. "Absent new monetary stimulus, gold doesn't make sense. When people are fearful of the fiat currencies eroding their [...]
Adjusted Net Earnings (4),(5) Increase 16%Board Approves Dvoinoye Feasibility StudyTORONTO, ONTARIO -- (Marketwire) -- 05/08/12 -- For more information, please see Kinross' 2012 first quarter Financial Statements and MD&A at www.kinross.com.
Kinross Gold Corporation (TSX: K)(NYSE: KGC) today announced its results for the first quarter ended March [...]
