The best thing I think I can say about Kinross Gold (NYSE:KGC) is that this senior gold miner may be one of the better picks in 2014 for investors who believe gold prices will rebound. For those not so bullish on gold, the combination of high cash costs, limited production growth potential, and elevated political risk may well outweigh the benefits of substantially lower capex spending needs in the next year or two. Although these shares look undervalued today, I don't see enough undervaluation to want to be a buyer with my own money.
Sizable Assets And Diversification, But Cost And Politics Are A Risk
Kinross may not produce as much gold as peers like Barrick (NYSE:ABX...
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