Red Back Mining

Kinross (NYSE:KGC) CEO Says Tasiast Mine Production will Exceed Estimates

With the vote on whether or not Kinross Gold Corp. (NYSE:KGC) shareholders will give the go ahead for the proposed $6.6 billion acquisition of Red Back Mining Inc. (TSE:RBI), coming up, the focus is on the Tasiast mine, which will be the key to a successful transaction.Kinross Gold Corp. Chief Executive Officer Tye Burt has been out stumping for the deal to go through, saying the analysts’

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Kinross (NYSE:KGC) Acquires Rest of Red Back (TSE:RBI)

Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced late Monday that they’ll be acquiring the rest of the common shares they don’t already own in Red Back Mining Inc. (TSX:RBI).On a fully diluted basis, the deal is valued at $7.1 billion.Shareholders in Red Back, per terms of the deal, will receive 1.778 Kinross common shares, plus 0.110 of a Kinross common share purchase warrant for each Red

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Red Back Mining (TSE:RBI) Drawing Acquisition Interest

The recent investment by Kinross Gold (NYSE: KGC) in Red Back Mining (OTC:RBIFF.PK) (TSE:RBI) has drawn the attention of industry watchers as to the possibility of Red Back being an acquisition or merger target.Red Back produced around 340,000 ounces of gold in 2009, and estimates it’ll produce about 485,000-525,000 ounces in 2010. Those production levels going forward is what makes the company

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Barrick (TSE:ABX), Red Back Mining (TSE:RBI), Iamgold (TSE:IMG) Down in Toronto

Barrick Gold (TSE:ABX), Red Back Mining (TSE:RBI), Iamgold (TSE:IMG) were all down today, as Candian stocks fell, led by commodities producers and banks. This is the first drop in the Canadian market in three days. This follows gold investors again selling off some of their gold and other precious metal holdings in order to cover equity losses. The dollar also rose in value, which put some

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Barrick Gold (TSE:ABX), Red Back Mining (TSE:RBI) Up, Eldorado Gold (TSE:ELD) Drops

Gold prices today were under pressure early, but found support over $1,200 an ounce, as gold mining stocks like Barrick Gold (TSE:ABX)(NYSE: ABX) and Red Back Mining (TSE:RBI) were up, especially Red Back, which surged by over 7 percent during the session, gaining $1.87 a share. Barrick was up modestly, rising a little over 0.50 a share, and gaining a little more in electronic trading.

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