Kinross Gold has taken a significant hit in recent months after rallying to highs of $10 a share. A 30% plus pullback has come on gold prices pulling lower from record highs of $2072 an ounce to about $1700 an ounce.
Amid the correction, Kinross Gold is still an ideal prospect for investors eyeing exposure in the mining business. The company is engaged in the exploration and the acquisition of gold-bearing properties. Similarly, it does not rely on gold. It also has interests vested in silver, another precious metal. Kinross is well-positioned to generate significant shareholder value given the current high gold prices. The fact that it uses gold prices of $12,000 an ounce to estimate its mineral reserves underscores the amount of value it could generate on gold prices stabilizing above $1700 an ounce.
Unlike other mining companies, it boasts global exposure, with mines spread across North America and Africa, and Russia. The active worldwide market for gold and silver and its customer base’s diversified nature affirms the core business prospects. While the stock has plummeted to the $6 a share level, it appears to be trading at a discount given its gold and silver reserves and that prices are still near all-time highs.
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Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life