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KGC - Kinross Gold: Coronavirus Scare Will Lead To Buying Opportunity
Kinross Gold Corporation
Surely, everyone interested in gold (GLD) and gold miners noted that gold equities (GDX) have materially underperformed gold during the current crisis. The above-mentioned GLD is up 3.42% year-to-date, while GDX is down 24%. Seeking Alpha news team has recently published a theory by the reader who says that the market is worried about miners getting infected and the corresponding decline of production. A possible confirmation of such theory recently came from Kinross Gold (KGC), which reported that an employee from its Toronto office tested positive for the COVID-19