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Kinross Gold Corporation Message Board

  • eyt_trub eyt_trub Apr 12, 2013 3:12 PM Flag

    $1500 Gold

    Gold at $1500 doesn't really surprise me, but the price of the stocks sure does. I only own some of the bigger ones, and it's mind boggling to look at the 10 year charts.

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    • As gold comes down in the near term, I think it could actually help some of the miners. All commodities have come down which helps mitigate a lot of the sectors cost overruns on building out new mines. I would assume $1,200 all-in-cost per ounce of gold is just as dynamic as the price of gold in this environment. Also, I think KGC will have a little more upper hand when dealing with Equador on tax issues. jmho....

      • 2 Replies to tennisrs
      • todd.rich@sbcglobal.net todd.rich Apr 14, 2013 10:32 AM Flag

        Tennis, this is a good point you make here.

      • Absolutely right. As projects are delayed and CAPEX cut we will see lower costs on an absolute basis as well as per ounce as emphasis is placed on higher margin ounces. Also I continue to read articles talking about the increasing risk of resource nationalism across the globe. It seems to me at this point they are looking in the rear view mirror. Resource nationalism and the higher royalties and occasional outright confiscation that go with it waxes and wanes with the commodity cycle, increasing as the price of commodity and profits from mining increase. With the price of gold down for a year and a half now and miners profits even worse, resource nationalism will ease as governments increasingly have to fight to keep international mining companies from packing up their picks and shovels and going home.

 
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