Friday, May 9, 2025

Kinross Gold

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.

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project