Seeking Alpha

Kinross cuts capital cost estimate for Tasiast expansion, shares +2.2% AH

  • Kinross Gold (KGC) +2.2% AH after releasing a feasibility study for its Tasiast expansion with a much lower estimated capital cost than previous, but says it does not plan to make a final decision on the project until 2015 at the earliest.
  • KGC says the initial capital cost to expand the mine in Mauritania would total $1.6B, compared with its pre-feasibility estimate of $2.7B.
  • The study forecasts average annual production of 848K gold oz. with an internal rate of return of ~17% during the first five years (2018-22).
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Comments (2)
  • ddearborn
    , contributor
    Comments (132) | Send Message
     
    Hmmm

     

    Someone has to keep priming the pump. At least until it is time for them to stop.
    31 Mar 2014, 09:13 PM Reply Like
  • joelc
    , contributor
    Comments (75) | Send Message
     
    great company....great stock...at these prices
    2 Apr 2014, 06:06 PM Reply Like
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