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Kinross Gold’s Geopolitical Concerns Are Scaring Away the Bulls

Annie Gilroy
Kinross Gold’s Geopolitical Concerns Are Scaring Away the Bulls

Kinross Gold has underperformed its peers YTD (year-to-date), returning -31.9% as of September 24. The VanEck Vectors Gold Miners ETF (GDX) has returned -19.1%, and the SPDR Gold Trust (GLD), which tracks gold’s physical price, has returned -8.2%. Kinross Gold’s second-quarter results were in line, but its lower revenues due to lower production disappointed investors.