Articles Tagged "Kincross gold"

Kinross CEO Burt says `Tiny Perfect Storm’ makes deals likely

Bloomberg.com reports Kincross Gold, 4th largest gold producer on the market, CEO Burt says: smaller mining companies face a “tiny perfect storm” that has devastated share prices and opened the door for acquisitions. Tye Burt, CEO of Kincross Gold says: “It’s an opportunity-rich environment. There are lots of young companies we’d like to have a relationship [...]

(EDITORIAL)Gold majors go shopping: who’s next?

Seeking Alpha(Editorial) reports that the gold majors aren’t dumb, they have cash and are going shopping.  On Thursday, Goldcorp (NYSE: GG) announced that it is planning to buy Canadian junior, Gold Eagle Mines [TSX: GEA] for $1.5 billion.  Last week Kinross Gold Corp [TSX:K] made a friendly $1.2 billion all-stock offer for Aurelian Resources Inc. [TSX: AUR] [...]