- The gold price weakness and the fire at the Tasiast mine pushed Kinross Gold's share price notably lower.
- The Tasiast mine mill should be restarted by the end of this year, the repairs should cost around $50 million.
- Kinross revised the 2021 production guidance from 2.4 million toz of gold equivalent to 2.1 million toz of gold equivalent; however, the 2022 and 2023 projections remained unchanged.
- Kinross is in a good financial condition, it has good growth prospects, and it is cheap compared to its peers.
For further details see:
Kinross Gold: A Fire Sale Born In Fire