KGC - Kinross Gold considers selling gold mines in Americas - Globe and Mail

Kinross Gold (KGC) is considering selling its gold mines in North and South America, moving its primary stock listing to London, and doubling down on its portfolio of assets in Russia and West Africa, The Globe and Mail reports.Kinross is said to believe selling its mines in the Americas and redomiciling its African and Russian business to London would make the remaining parts of the company more valuable than if all the assets were kept inside one business unit.The miner is mulling the overhaul partly because its Russian and West African mines always have traded at a depressed valuation in the North American market, and since the price of gold has surged in the past year, management believes the timing is favorable to sell its mines in the Americas, according to the report.In a bullish analysis published recently on Seeking Alpha, Individual Trader sees "substantial room to grow the [dividend]

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Kinross Gold considers selling gold mines in Americas - Globe and Mail