Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Some, But Not Enough, Progress At Kinross Gold

I wasn't overly fond of Kinross Gold (NYSE:KGC) in December of 2013, and the shares have definitely lagged the Market Vectors Gold Miners ETF (NYSEARCA:GDX) since - falling about 5%, while the GDX has risen more than 30%. I'm still not overly fond of Kinross today. The company is making progress with its operational turnaround efforts at Paracatu, Chirano, and Maricunga, and the market likely is overestimating the risks to the company's high-quality Russian assets, but Kinross remains what it was before - a relatively higher-cost miner with iffy production growth potential and a lot riding on higher gold prices.

From Russia With Less Love

Kinross shares started off the year doing alright, following that Market...

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