I wasn't overly fond of Kinross Gold (NYSE:KGC) in December of 2013, and the shares have definitely lagged the Market Vectors Gold Miners ETF (NYSEARCA:GDX)
since - falling about 5%, while the GDX has risen more than 30%. I'm
still not overly fond of Kinross today. The company is making progress
with its operational turnaround efforts at Paracatu, Chirano, and
Maricunga, and the market likely is overestimating the risks to the
company's high-quality Russian assets, but Kinross remains what it was
before - a relatively higher-cost miner with iffy production growth
potential and a lot riding on higher gold prices.
Follow this link to the full article:
Some, But Not Enough, Progress At Kinross Gold
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