Tag: kinross

Barrick (NYSE:ABX), Yamana (NYSE:AUY), Agnico (NYSE:AEM), Kinross (NYSE:KGC) Trading Up Today

Gold miners were mixed today, as gold prices today, while remaining somewhat level, weren’t inspiring on the day, and most gold mining stocks were flirting just above or beneath gains or losses. Barrick (NYSE:ABX), Yamana (NYSE:AUY), Agnico (NYSE:AEM) and Kinross (NYSE:KGC) were all trading in positive territory, but some were just barely hanging on. The usual concerns over China, EU sovereign

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Kinross (NYSE:KGC), Yamana (NYSE:AUY), NovaGold (AMEX:NG), Agnico-Eagle (NYSE:AEM) Rise on Anticipated QE

With the U.S. government finally admitting the U.S. economy is going to continue to struggle through 2011, the Federal Reserve is preparing people for their latest inflationary step (now being called quantitative easing), and gold miners like Kinross Gold Corp (NYSE:KGC), Yamana Gold (NYSE:AUY), NovaGold Resources Inc. (AMEX:NG) and Agnico-Eagle (NYSE:AEM) are all rising with the broader gold

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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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Kinross (NYSE:KGC) Selling Diavik Diamond Mine Back to Harry Winston (NYSE:HWD)

No matter how you look at it, Kinross Gold (NYSE:KGC) (TSE:K) made a super deal with Harry Winston (NYSE:HWD) for the Diavik Diamond Mine, when they acquired from them in March 2009 for $150 million, and now are turning around and selling it back to them for $220 million. Kinross, which also owns a 19.9 percent stake in Harry Winston, will sell that as well to an unnamed consortium of financial

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Stifel Nicholas Initiates Coverage on IAMGOLD (NYSE:IAG), Eldorado (NYSE:EGO), Kinross (NYSE:KGC), Others

Stifel Nicholas initiated coverage on a large number of gold mining companies today, including IAMGOLD (NYSE:IAG), Eldorado (NYSE:EGO), Kinross (NYSE:KGC), Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), Osisko Mining (TSE:OSK), European Goldfields (TSE:EGU) and Newmont Mining (NYSE:NEM). Eldorado Gold, Barrick Gold, Kinross Gold and Goldcorp were all started off with “Holds” by Stifel. While

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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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Kinross Gold (TSE:K) Invests Red Back (TSE:RBI)

Kinross Gold (TSE:K) has acquired 24 million shares of Red Back (TSE:RBI) in a private placement, an overall investment of $588 million. Kinross paid a slight premium for the shares, acquiring them at C$25 a share, a little above the C$24.46 close on the Toronto Stock Exchange. Recent acquisitions by Kinross include the Dvoinoye project in Russia, for which they paid $368 million, and gold

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Gold Highest Close in 2010

Gold Closes at highest level in 2010 Gold surged on concerns over the euro, closing the session at $1,153 and ounce, its highest close in 2010. That was a $17 gain for the day. The safety factor helped major gold companies like Barrick Gold (TSE:ABX), Eldorado Gold (TSE:ELD) and Kinross Gold (TSE:K) make nice gains on the day, led by Eldorado with a huge increase of 7.38 percent. With little

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Exeter Resource (TSE:XRC) Looking for Buyers

Exeter ResourceExeter Resource (TSE:XRC) has reportedly attracted significant interest in selling the company and its Caspiche gold-copper-silver project in Chile.Along with some interest from the Chinese, other major gold companies interested are Newmont (NYSE:NEM), Barrick (TSE:ABX) and Kinross (TSE:K).It could be a very good deal for either Kinross or Barrick, as they already have operations

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Millrock finalizes Alaskan exploration agreement with Kinross

Filed in Gold, Gold Holdings, Gold Investing by on April 5, 2010 0 Comments

April 5 – Millrock Resources Inc: * Finalizes Alaskan exploration agreement with Kinross; drill program to commence at council gold district Alaska in July * Says now planning an initial exploration program for 2010, scheduled to begin early Ju Millrock finalizes Alaskan exploration agreement with Kinross

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Kinross says underworld Resources supports the takeover offer

Filed in Gold, Gold Holdings, Gold Investing by on March 15, 2010 0 Comments

March 16 – Kinross Gold Corp: * Announces definitive agreement to acquire Underworld Resources * Says will offer to acquire 100% of the outstanding common shares of underworld * Says deal involves 0.141 of a Kinross common share plus $0.01 in c Kinross says underworld Resources supports the takeover offer

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