TSE:K
Kinross Gold (K.TO)
37.26
+0.31 (0.84%)
as of Jun 22, 2026, 8:00:00 pm Market Open.
129 watching
Financials 
Technical Analysis 0
COMMENT
Made a large acquisition last year (Redback Mining), which had a very large mine in Africa. This mine continues to get bigger and bigger but Kinross hasn't been able to deliver a clear picture on how they are going to develop it. Have also had some operational hiccups and higher cash costs, so investors have been getting frustrated. African mine probably won't be resolved until the end of the year.
Steve CarlinOwned
precious metals
WAIT
Results were quite good about a week ago. Drilled a red back deposit but it was infilled drilling. They said they would get to 20 million oz. They have got there already and are now drilling on the edges to extend it further. This is the cheapest senior stock by far.
Bruce Campbell (1)Owned
precious metals
TOP PICK
Resource sector is funny. Metal prices are higher but stocks have not followed. When the bought Red Back mining last year, they got one of the largest growing global gold deposits, 20 million ounces plus. Thinks the golds can play catch up to the commodity like the oils did.
John ZechnerOwned
precious metals
COMMENT
Has been an underperformer since it bought Redback, whose resources were 17 million ounce’s at the time. Kinross went on a limb with an expectation of 22-25 million ounces. Last update showed it at 18 at this point and they are aggressively drilling. Reputation is on the line as it is a company maker or transformer as a total of their resource will come out if this asset.
precious metals
SELL
A “show me” story having to prove up ounces in West Africa. Did a big acquisition (Red Back) and may have overpaid for it. It will take them a while to digest this. He moved to Goldcorp (G-T). At some point in time a move back to this opne will probably make sense. (See comments under Goldcorp (G-T).
precious metals
SELL
Along with a lot of gold stocks has not done as well as physical gold has. Has under performed more than others because of it major acquisition of Redback Mining. There were a lot of questions about the size of the resource and whether they had overpaid. This is now a “show me” story. Thinks gold is a good place to be and if you own, consider moving into another position such as Barrick (ABX-T), Goldcorp (G-T) or Yamana Gold (YRI-T).
precious metals
HOLD
Trading at about 1.3X NAV. Growth by acquisition story. Largely volatile sideways trader between $15 and $18 per share. Looking to double production going into 2014-2015. Going to be all back-end loaded on the ramp of the increased production in Tasiast in Mauritania (Redback acquisition). Many European holders of Redback are still considering selling so there may be pressure on the stock. Still a question on Equador and the proposed windfall tax. Doesn’t like the Russian risk.
precious metals
BUY
By far the cheapest senior stock. For next 3 or 4 months they will be doing infill drilling only in their acquisition feasibility study so it won’t add oz to production. Otherwise they are adding oz to production and if they continue they will fully justify their price by this fall.
Bruce Campbell (1)Owned
precious metals
COMMENT
Management says the Red back acquisition is enormous and is going to surprise everyone. Analysts are more skeptical and suggest that the price has been whacked so much that it is likely a target for a large gold., but who is big enough? This is a very remote possibility. (See Top Picks.)
precious metals
DON'T BUY
TOP PICK
Stock has suffered he thinks because of the Redback purchase. 63 million ounces so looks cheaper than all the other majors, except fo Barrick (ABX-T). Could have further discoveries in some of their less expored properties.
Philip DoyleOwned
precious metals
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