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.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. I’ve hauled flatbeds to that mine heavy equipment parts and flok bags most of time I’m right about 60,000 to 80,000Lbs that’s a pretty good step grade It’s take skilled Truckdrivers to make these deliveries

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Kinross Gold: BMO Resumes Coverage Following Great Bear Purchase

On January 21st, BMO resumed coverage on Kinross Gold (TSX: K) after its acquisition of...

Tuesday, January 25, 2022, 03:40:00 PM

Kinross Purchases 70% Stake In Peak Gold Project For $93.7 Million

Kinross Gold Corp (TSX: L) (NYSE: KGC) is expanding its operations in Alaska. The company...

Wednesday, September 30, 2020, 09:30:44 AM

Kinross Sells Chirano Mine For $225 Million To Asante Gold

Kinross Gold (TSX: K) continues to monetize assets. The company this morning announced that it...

Monday, April 25, 2022, 09:20:27 AM

Kinross Q1 Earnings: Boring Is A Good Thing

While some majors – looking at you Barrick – have seen their cost structures blow...

Saturday, May 24, 2025, 05:09:00 PM

Kinross Q2 Earnings: Consistency Is Key

In our coverage of Kinross Gold’s (TSX: K) first quarter financial results, we referred to...

Sunday, August 17, 2025, 07:41:00 AM