To mine in Russia to bury in Africa
Edited by Rhod Mackenzie / 2016-05-04 05:34:30
Recently, Kinross Gold’ shares outperform the market and the majority of its competitors in price. Last year, the index of gold mining companies (GDX) rose by 15% and Kinross’ one by 101%. Since the beginning of 2016, GDX grew by 64%, Kinross’ one by 154%.
After previous unsuccessful acquisitions and unfulfilled predictions, Kinross begins to restore the confidence of investors: the company fulfills its forecasts, reduces the cost of production, successfully deals with the problematic Mauritanian mine Tasiast.
The subject of the investors’ concerns is the presence of Kinross Gold in Russia. The presentation to investors, which consists of 46 slides, has only two slides, devoted to the topic of foreign companies operating in Russia.
