They both lied to innocent people in 2008 and now 2015..!
Kinross recognized the efforts of its team for successfully restarting operations despite the challenging conditions. The ADR plant operated throughout the restart effort, producing gold from existing material in the heap leach. The company has installed an additional backup power plant to support the return to full operation.
At lowest GOLD price this was traded in double digits......after split the first time KGC is taking upward movement regardless of Gold Prices.
Fooling around people with short interest!!!!!!LOL
Kinross might double very soon as Maricunga Mine now started productions before the schedule.
KGC getting tremendous run as positive balance sheet and now increased productions as 4th largest gold producer..
Kinross will provide a grant of US$167,000 per year for three years to fund the logistics surrounding the procurement and transport of the donated medical supplies, training costs for the Helping Babies Breathe program, and to support the monitoring and evaluation of the donation's impact on improving capacity, affordability, accessibility and quality of care at the recipient healthcare facilities
The U.S. denied that President Barack Obama told fellow Group of Seven leaders the strong dollar is a problem, saying that he made a different point about the need to promote growth including by means of monetary policy.
“The president did not state that the strong dollar was a problem,” the White House said in a statement Monday. “He made a point that he has made previously a number of times: that global demand is too weak and that G-7 countries need to use all policy instruments, including fiscal policy as well as structural reforms and monetary policy, to promote growth.”
Earlier on Monday, a French government official with knowledge of the G-7 discussions at Schloss Elmau in southern Germany said that geopolitical risks including Greece create volatility on financial markets, affecting interest rates and currencies. In that context, Obama had said that the strong dollar posed a problem, according to the official, who asked not to be named because the discussions were private.
Greece’s bailout program with the European Union and IMF expires at the end of this month, and Athens must make big debt repayments by then that may be impossible without funds from its creditors.
June 9, 2015 0.6109
June 8, 2015 0.6014
About Price to Book Ratio
Price to book value is a financial ratio used to compare a company's book value to its current market price. Book value is an accounting term denoting the portion of the company held by the shareholders at accounting value (not market value). In other words, book value is the company's total tangible assets less its total liabilities.
The ratio has two calculation methods. In the first way, the company's market capitalization is divided by the company's total book value from its balance sheet. The second way, using per-share values, is to divide the company's current share price by the book value per share. In general, a low price to book value indicates that a stock is undervalued and thus more desirable.
In theory, if you purchased stock with a price to book value less than 1 and the company immediately went bankrupt, you would gain money on your investment. In reality, this may not be true since there are times when liquidation value, or the price at which a company's assets can be sold, is less than the book value of those assets.
Acquisition there were rumors that Kinross Gold Corp. (NYSE: KGC) might be interested, following the sale of a Kinross mine in Nevada
After AU.... Probably KGC buyout is on the way as lawyers doing due diligence in Toronto?