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KGC - Kinross Is Poised To Take Advantage Of An Uncertain Economy And Falling Oil
Kinross Gold Corporation
Introduction
Even though Kinross Gold (KGC) has more than doubled from its March 13th lows of $3.47, the current macroeconomic environment has created a perfect storm where the price of gold is poised to skyrocket while oil, one of the largest costs associated with mining, is in free fall. With this, Kinross is dedicated to further reducing costs, keeping its gold output levels steady, and advancing on future developments all the while it trades at EBITDA levels severely depressed compared to peers.
Investing in a company that has more than doubled in the