|Bid||6.31 x 0|
|Ask||6.35 x 0|
|Day's Range||6.31 - 6.51|
|52 Week Range||3.15 - 6.86|
|Beta (3Y Monthly)||-0.50|
|PE Ratio (TTM)||∞|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.22|
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to provide an update on its fully funded $13 million 2019 exploration program, announcing initial diamond drilling results on its recent high-grade Vertigo discovery and on its flagship Golden Saddle deposit, located in the prolific White Gold District in Yukon, Canada. This first phase of diamond drilling was designed to test the geometry of the Vertigo target and previously underexplored portions of the Golden Saddle deposit and surrounding area. The ongoing 2019 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) includes diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) as well as soil sampling, prospecting, GT Probe sampling , trenching and RAB/RC drilling on various other properties across the Company’s expansive land package.
(Bloomberg) -- Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy.The metal advanced as much as 2.6% an ounce on the Comex to the highest since 2013. The move extends this year’s climb to 19%, with gains underpinned by inflows into exchange-traded funds and central bank purchases. China’s central bank expanded its gold reserves for an eighth straight month in July.Gold has been one of the chief beneficiaries of the turmoil in global financial markets as Washington and Beijing spar over trade. In recent days, the Trump administration threatened fresh tariffs against Chinese goods, the yuan was allowed to sink, and the U.S. branded China a currency manipulator. The stand-off has boosted the odds of more easing from the Federal Reserve. Mounting “growth worries,” prompted Goldman Sachs Group Inc. to predict prices will climb to $1,600 an ounce over the next six months.“Gold is serving its traditional role as a safe-haven asset,” said Wayne Gordon, executive director for commodities and foreign exchange at UBS Group AG’s wealth management unit. Under the bank’s risk case, marked by a further escalation of the trade fight, prices could go as high as $1,600, he said.Futures for December delivery rose 2.4% to settle at $1,519.60 an ounce at 1:30 p.m. in New York, gaining for a fourth day. Silver also surged, with futures climbing above $17 for the first time since June 2018.Miners also benefited from the rally, with AngloGold Ashanti Ltd. rising 4.8% to its highest price in more than seven years. Kinross Gold Corp., Barrick Gold Corp. and Newmont Goldcorp Corp. also soared.Lower RatesLast month, the Fed reduced borrowing costs for the first time in more than a decade, responding in part to the impact of the trade war. Lower rates boost the appeal of non-interest-bearing bullion.On Wednesday, New Zealand’s Reserve Bank shocked markets with a half-percentage point interest-rate reduction, while India’s central bank also delivered a bigger-than-expected move. Those cuts were followed by the Bank of Thailand unexpectedly lowering its benchmark interest rate for the first time in more than four years.The latest ructions have sent investors rushing to havens, pushing the world’s stockpile of negative-yielding bonds to a record, with the market value of the Bloomberg Barclays Global Negative Yielding Debt Index closing at $15.01 trillion Monday. The yield on 10-year Treasuries has tumbled.Bullion has plenty of fans among veteran investors. Mark Mobius said in July prices were poised to top $1,500 as interest rates headed lower, declaring: “I love gold.” Billionaire hedge-fund manager Ray Dalio has suggested the market may just be at the start of a period that would be very positive for gold.In addition to the challenges thrown up by the trade war, there are other risks. In Europe, investors are tracking the chances of a no-deal Brexit later this year, while there are tensions in the Middle East between Iran and the U.S.Further support for the rally has come from central-bank buying, with authorities in China, Russia, Poland and Kazakhstan all boosting holdings. That trend shows no sign of slowing, with the People’s Bank of China adding almost 10 tons to reserves in July.“We see the ongoing steep rise in the gold price as an expression of the high risk aversion among market participants,” said Daniel Briesemann, an analyst at Commerzbank AG. “Gold is quite clearly still in demand as a safe haven in the current market environment, as reflected, among other things, in continuing ETF inflows. ”\--With assistance from Krystal Chia.To contact the reporters on this story: Ranjeetha Pakiam in Singapore at email@example.com;Rupert Rowling in London at firstname.lastname@example.org;Justina Vasquez in New York at email@example.comTo contact the editors responsible for this story: Phoebe Sedgman at firstname.lastname@example.org, ;Luzi Ann Javier at email@example.com, Jake Lloyd-Smith, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A look at the shareholders of Kinross Gold Corporation (TSE:K) can tell us which group is most powerful. Generally...
The following are the top stories from selected Canadian newspapers. ** Kinross Gold Corp has struck a $283 million deal to buy Chulbatkan project in Russia for a combination of cash and stock, its first gold acquisition in four years. ** Government of Albarta has paused a tax credit which offers a 30% tax rebate on the amount of equity capital someone invests in a small business and meant to boost investment in the province's small businesses, a move some entrepreneurs and angel investors say could discourage innovation and growth.
NYSE: KGC) (“Kinross”) is pleased to announce an agreement with N-Mining Limited (“N-Mining”) to acquire Chulbatkan, a high-quality, heap leach development project with significant upside potential and low relative execution risk, for total fixed consideration of $283 million, including approximately $113 million in cash and approximately $170 million in Kinross shares. Estimated indicated resource of approximately 3.9 million ounces of gold and estimated inferred resource of 80,000 ounces of gold1.
Three largest producing mines – Paracatu, Kupol and Tasiast – achieve lowest costs in portfolioOn track to meet production and cost of sales guidanceFirst gold produced at both.
Kinross Gold (NYSE: KGC ) unveils its next round of earnings this Wednesday, July 31. Get prepared with Benzinga's ultimate preview for Kinross Gold's Q2 earnings. Earnings and Revenue Kinross Gold EPS ...
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce that further to its news release dated June 10, 2019, the Company has filed a National Instrument 43-101 ("NI 43-101") technical report outlining an increased Mineral Resource Estimate for the White Gold property located in Yukon, Canada. The update was performed based on the results of the Company’s 2018 exploration work on the Golden Saddle & Arc deposits. The Company’s 2019 fully funded $13 million program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) is underway and includes 17,000 metres of diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) and QV property.
Investors are usually interested in gold miners’ ability to generate FCF (free cash flow), as it helps them invest in future growth.
That gold has an undying allure may not be a secret, but the extent of its use in everything from food to space travel may surprise you
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
Kinross Gold Corp NYSE:KGCView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for KGC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KGC. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding KGC are favorable, with net inflows of $2.20 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
TORONTO, June 27, 2019 -- Kinross Gold Corporation (TSX:K; NYSE:KGC) plans to release its financial statements and operating results for the second quarter of 2019 on.
The real space race has finally kicked off, and it’s not about tourism, it’s about quintillions in dollars’ worth of precious metals
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce it has commenced its 2019 diamond drill program on two of its highest priority properties: the JP Ross and White Gold properties. The diamond drill program is a central component of the Company’s $13 million fully funded 2019 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).