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The gold price weakness and the fire at the Tasiast mine pushed Kinross Gold's share price notably lower.
The Tasiast mine mill should be restarted by the end of this year, the repairs should cost around $50 million.
Kinross revised the 2021 production guidance from 2.4 million toz of gold equivalent to 2.1 million toz of gold equivalent; however, the 2022 and 2023 projections remained unchanged.
Kinross is in a good financial condition, it has good growth prospects, and it is cheap compared to its peers.