Kinross Gold (NYSE:KGC) has been one of the more disappointing investments in the gold mining sector. Despite the sharp rise in the gold price over the past decade Kinross shares are actually down. Furthermore the shares are down more than 80% since peaking nearly 20 years ago.
(click to enlarge)
Nevertheless from the chart it is evident that Kinross shares are actually in a bull market, having risen from $1.30/share in 2000--roughly when the gold bull market started--to $5.25/share today. As is the case with any bull market there are going to be tremendous setbacks such as that seen in Kinross shares, which fell from about $27/share in 2008 to just over $4/share in December....
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