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How Might Kinross Gold’s Balance Sheet Support Its Future Growth?

Annie Gilroy
How Might Kinross Gold’s Balance Sheet Support Its Future Growth?

Kinross Gold’s (KGC) liquidity position at the end of the third quarter was reflected its strategic investments. The company had cash and cash equivalents of $500 million in the third quarter compared to $918.7 million at the end of the second quarter. This liquidity position is significant given that the company doesn’t have any debt maturity until 2021.