This is an update on Kinross Gold (KGC), a senior gold miner with operating mines and projects located in the U.S., Brazil, Russia, Mauritania, China and Ghana.
My previous coverage came back in October of 2019, when I expressed bullishness on the stock following the release of a new feasibility study for its Tasiast 24k project. The project carries excellent economics: just $150 million in upfront capex and $1.7 billion in net present value (post-tax, 5% discount), and that's using a super-conservative gold price of $1,200/oz.
In that coverage, I stated: "I think