Kinross Gold (KGC +3.8%) rallies on a report from Veritas Investment that speculates Canadian...
Friday, July 13, 2012, 11:12 AM ETKinross Gold (KGC +3.8%) rallies on a report from Veritas Investment that speculates Canadian peer Barrick Gold (ABX) will make an offer. Veritas argues Barrick is motivated to increase its scale at a time when major new gold discoveries are difficult to find, and that the recent drop in Kinross' shares will make the miner amenable to a deal. Stifel thinks Kinross' valuation and growth profile will appeal to Barrick, though Barrick's high debt load makes an all-cash offer unlikely.
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