Barrick still mulling over Cerro Casale numbers

Canadian gold-miners Barrick Gold and Kinross Gold have completed a draft feasibility study on their Cerro Casale project, in Chile, but there is still some work to be done to improve the economics of the project, Barrick CEO Aaron Regent said on Thursday. “We intend to spend the next few months reviewing various options to [...]

Kinross lowers output forecast on slower ramp-up at Paracatu

Toronto-based Kinross Gold has trimmed its production guidance for 2009, to about 2,2-million ounces of gold-equivalent, compared with a previous forecast of between 2,3-million and 2,4-million ounces. It has also hiked its cost guidance to between $435/oz and $450/oz for the full year. Read more….

The New Gold Buyer

The Daily Reckoning “Gold is rising because the post-Breton Woods exchange rate system doesn’t work,” Eric Roseman, our colleague over at the Commodity Trend Alert, matter-of-factly declares. “More than ever, governments are piling up debts, as a result of bailing-out their respective banking systems. There is a price to pay for this profligate spending. And [...]

Diavik winter shutdown officially cancelled

The Diavik diamond mine, in Canada’s Northwest Territories, will not shut down this winter as earlier planned, Harry Winston Diamond Corp confirmed on Wednesday. Harry Winston, with Kinross Gold, owns 40% of the mine and diversified miner Rio Tinto holds the balance and is the mine’s operator. Read more….

Kinross Gold strike ends after 24 days

A strike at Kinross Gold’s La Coipa gold/silver mine in Chile’s Atacama region which began July 8th. Kinross will update the market on the production impact of the strike in the Company’s Q2 earnings announcement on August 12 Read more….

Kinross Gold in heavy demand

For now, the stock is leading the global Tier 1 global gold mining group, on signs that heavyweight investors are active in the background. Read more….

Kinross Gold – big investment this year at Fruta del Norte in Ecuador

Just a day after the Ecuadorean Government lifted its moratorium on foreign mining activities, Kinross Gold CEO, Tye Burt, says his company will spend $45 million there this year. Read more….

Kinross Gold Picks Riverside for Discovery Potential

James West submits: The day after Kinross Gold (KGC) announced a “bought deal” financing for $360 million with UBS Securities Canada, Riverside Resources Inc. ((TSX.V:RRI)) announced that it had entered into a “Precious Metals Exploration Alliance” with Kinross. The partnership came with a CA$1.1 million investment into Riverside’s Mexico exploration program and that will see [...]

Kinross Gold easily tops up war chest

By Andy Hoffman, Globe and Mail Tye Burt’s got gold. Now he’s got cash. While the capital markets have all but turned their back on most Canadian companies, gold producers are revelling in fervent demand for their shares that has prompted a wave of large equity financings. Toronto-based Kinross Gold Corp. [K-T] is the largest [...]