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The Toronto-based Kinross Gold Corp. (KGC) released its first-quarter results on May 5, 2020. I was not so impressed with the gold equivalent production, which I found particularly weak.
Furthermore, the second quarter of 2020 will not be something that shareholders will celebrate either.
The crucial element is that the gold price is now very high and is still above $1,700 per ounce as I write this article. At those levels, gold miners, including Kinross Gold, are turning into a cash machine.