The Financial Post reported that Kinross Gold posted a 50 percent increase in Q1 profits, year-over-year and that they are on track to meet production guidance for the year. As quoted in the Financial Post report: The gold miner, which keeps its books in U.S. dollars, said Tuesday it earned US$160.5 million or 14 cents [...]
Investors were shaken by the market's death-defying drop and recovery in a matter of minutes recently. But the "tweet retreat" hasn't changed the reasons why investors need gold companies in their portfolio. Ryan Walker, a mining analyst with Casimir Capital in Toronto, tells investors to look past the headlines to what underpins the market. In this interview with The Gold Report, Walker says that all that cash pumped into the economy at some point has to start driving inflation.
Goldcorp is sticking to its plan of increasing production while gradually bringing costs under control, the world's largest gold miner by current market value said Thursday in response to a negative earnings report.
Detour Gold, a mid-tier company sitting on what could be the largest gold mine in Canada, received an injection of cash this week.
There was little movement in the gold price this week as investors remained focused on US lawmakers' negotiations to avoid the "fiscal cliff."
J. Paul Rollinson, the newly-appointed CEO of Kinross Gold Corp. (TSX:G,NYSE:KGC), announced that Brant Hinze has been appointed to the position of chief operating officer. Prior to the promotion, Hinze was Kinross' executive vice president.
Forbes reported that J. Paul Rollinson, the new CEO of Kinross Gold Corp. (TSX:K,NYSE:KGC), said that the company plans to be "much more aggressive" about decreasing operating and capital costs.
Beleaguered Kinross Gold dropped a bombshell this week in deciding to replace CEO Tye Burt. The gold sector as a whole continues to struggle, with the price of bullion dropping Thursday after the European Central Bank's promise to shore up the euro fizzled.
Kinross Gold Corp. (TSX:K) announced that J. Paul Rollinson has replaced Tye W. Burt as CEO and on Kinross' board of directors.
The National Post reported that a flight, chartered by Canadian gold miner, Kinross Gold Corp (TSX:K), has crashed in Mauritania, killing seven including two pilots, three security personnel and two Mauritanian customs officials.
Get our independent commentary on gold trends and companies delivered to your inbox.
