Kinross Gold: Fire Shuts Down Their Largest Operation
If you want an indicator for just how positive gold sentiment is right now, Kinross Gold (TSX: K) is perhaps one of the best indicators at the moment.
The company on Tuesday announced that milling operations were halted at the largest mine within their portfolio following a fire. And yet as of mid-day, the equity was actually trading up.
This is despite no timeline to repairs being completed. No details on what exactly happened. And no suggestion on how much the repairs might even cost.
And it’s not even the first fire that this operation has experienced.
Lets dive in.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
