Sunday, April 02, 2006

Kinross Gold Corp.( KGC )

Incorporated in 1993, Kinross(KGC) has grown from a junior gold producer to become the seventh largest primary gold producer in the world with approximately 1.6 million ounces of annual gold equivalent production. Kinross has varying interests in 11 operating mines on four continents and a robust pipeline of advanced exploration and development projects. Approximately 50% of our production is in the US and over three-quarters in North America. This largely North American presence provides Kinross with a stable base for our global portfolio of mines. Since completion of the merger with TVX and Echo Bay on January 31, 2003, which vaulted the company into the ranks of the senior producers, Kinross has successfully increased its reserve base from 13.2 million ounces at the end of 2002 to 19.4 at the end of 2004 through exploration and acquisitions.

Off course Kinross (KGC) it's not the hottest gold stock, and the 250K oz hedge will certainly degrade the bottom line. But the volume is high enough for trading , the all time high was above 30$ and the relatively large reserve base could make it a bidding target.

Kinross (KGC) since first IPO
Kinross (KGC) since first IPO

Kinross (KGC) Elliot wave count
Kinross  (KGC) Elliot wave count

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