TSE:K

Kinross Gold (K.TO)

39.25
-0.62 (1.56%)
as of Sep 18, 2026, 8:00:00 pm Market Open.
174 watching
0
COMMENT
As gold prices rise, gold stocks should too but last quarter they had some operating issues, creating a pullback. Solid producer and relatively low cost and will probably work through its problems. Every portfolio should have some gold exposure.
PAST TOP PICK
(A Top Pick Nov 7/08. Up 38%.) Still owns a little but has shifted down to more reliable gold companies. Earnings report was not very good. Likes it for the leverage to gold.
SELL
(Market Call Minute.) Had some problems with their mine in Russia, which is their 2nd most important mine. Earnings were pretty rough.
BUY
Major component of TSX and most ETF’s.
PAST TOP PICK
(A Top Pick Jan 19/09. Up 10.3%.)
BUY
Bullish on the whole gold area mainly because of the situation with the US$. Good operating gold company. Increased their dividend recently. Near its all-time high. (See Top Picks.)
COMMENT
His favourite in golds is Barrick (ABX-T) especially since they eliminated their hedges.
PAST TOP PICK
(Top Pick Sept 9/08, Up 42%) Largest senior gold producer that is not hedged. Good production growth over next 2-3 years. Would still hold it.
COMMENT
Gold. Impressive production growth over the last number of years from 1.6 million ounces to about 2.4 million ounces. Have good projects that will be coming on stream after 2013 but until that time it has limited scope for production growth. Great stock longer-term but not for short-term production growth. (See Top Picks.)
BUY
Gold. He is excruciatingly bullish on gold. Gold just had a major technical breakout.
BUY
There is room for gold in portfolios of about 3% to 5%. This is one of the majors and well positioned. Production profile over the next few years is positive.
COMMENT
Some decent Fair Market Value potential. Gold group appears to be waiting for a big move in bullion to $2000 an ounce that the gold bulls are talking about. He doesn't believe in this but rather it will be the industrial application that affects the price of gold. (See Top Picks.)
BUY
Kinross (K-T), GoldCorp (G-T) and Barrick (ABX-T) are excellent core holdings in the gold space. You might also like to take a look at some smaller names as well.
TOP PICK
Likes gold for the coming seasonal play. Very good production growth profile in the next 2 or 3 years in Russia, Chile, etc. The only pure gold in the seniors’ stocks.
BUY
Have some good growth projects. They will benefit from the expected increase in gold prices. Has a big growth project in Russia, which is a fantastic asset and is doing quite well. Also have assets in Ecuador, which has been tied up in regulations on mining and trying to get permits. Permits should be in place in the next few weeks.
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