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
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