Kinross Gold Corp
Monday, June 26, 2006 at 06:37AM
Gold Prices in Gold Mining Companies
Kinross Gold Corp is now the seventh largest primary gold producer in the world with approximately 1.6 million ounces of yearly gold production. Kinross has a no-gold hedging policy, which means you as an investor have the benefit of being exposed to gold price. The volatility of the gold price will directly affect the price of this stock so you must be prepared to ride out the pullbacks and enjoy the advances. This company is actively looking to expand through exploration and acquisition.

Kinross has a Market Capitalisation of $3.48 billion and recently traded at a high of $13.0 before the correction in gold prices, which pulled the stock back to the $9.0 level. This stock has stabilised and is currently priced at $10.08. Kinross is traded on the TSE as K and on the NYSE as KGC.

Looking at the chart, Kinross has bounced from its 200 day moving average, which in our opinion shows the strength of the stock. It may become cheaper over the summer however we are happy to accumulate at these levels.

Kinross Gold Corp
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