Kinross Gold Corp
Latest Kinross Gold Corp News and Updates
At What Cost Are Gold Miners Digging Out Gold This Year?
The average AISC for eight significant gold miners for 2015, as guided, is $950 per ounce compared to $900 per ounce for 1Q15.
Inflation Rates: How They’re Related to Precious Metals
With the looming fears of inflation reaching its target 2% level, the Fed is likely waiting for assertions from the economy.
Current Gold Prices Push Barrick Gold to Go for a Leaner Look
Barrick Gold (ABX) is focused on reducing operating expenses. The company’s all-in sustaining costs to produce gold in 2Q15 totaled $895 per ounce. In 1Q15, costs came in at $927 per ounce.
Could PCE Inflation Inspire Action at the Next Fed Meeting?
The BEA released the PCE inflation index for June on August 3, 2015. PCE inflation rose 0.30%—a pace that hasn’t been seen since December 2014.
Goldcorp’s FCF Growth Could Strengthen Its Balance Sheet
Goldcorp has the strongest balance sheet in its peer group. Goldcorp’s liquidity is also comfortable at $3.2 billion, including $940 million in cash and cash equivalents.
Improved Cost Outlook Bodes Well for Goldcorp’s Future
Goldcorp reported a strong reduction in all-in sustaining costs (or AISC) for 2Q15. AISC came in at $846 per ounce, compared with $885 per ounce in 1Q15 and $852 in 2Q14.
Goldcorp’s Production Growth Starts to Deliver in 2Q15
In 2Q15, Goldcorp achieved record gold production of 908,000 ounces. The Peñasquito mine in Mexico posted a record 298,000 ounces—33% of total gold production.
Rate Hike Expectations: How They Shape the Price of Gold
An interest rate hike by the Fed will lead to pressure on the price of gold. When alternative investments are attractive due to an increase in the interest rate, money flows from gold.
Newmont Mining Acquires Cripple Creek from AngloGold
The Cripple Creek & Victor mine is located near Colorado Springs, Colorado. It’s and open-pit mine that has been operational since 1995.
What Were Newmont’s Key Events Since Its Last Earnings Release?
Investors should be aware of two key events for Newmont Mining (NEM): the go ahead for Long Canyon Phase 1 and the renewal of the contract at Batu Hijau.
What Do Declining US Real Interest Rates Mean for Gold?
Gold is used as an investment alternative because investors perceive it as a way to protect money’s purchasing power.
Key Indicators Impacting Gold Price Performance
Gold prices are holding steady in April. The SPDR Gold Trust ETF traded at $115.43 on April 15, almost flat when compared with April 1’s value of $115.60.
