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KGC - Kinross Gold Shows Significant Upside After Q1 Report
Kinross Gold Corporation
Intro
After an incredible Q1 bolstered by high gold prices and minimal Coronavirus effects, Kinross (KGC) has found steady footing in the $7 range and appears ready to trade much higher. Promising results in their new project developments, favorable energy prices and exchange rates, and close to an industry-low 5.9x EBITDA leaves a considerable amount of growth for Kinross.
Q1 Results
Kinross reported approximately $110 million in free cash flow for Q1 2020 and could expect free cash flow in excess of $700 million for the end of the year. Back in Q4