Kinross Gold: Great Earnings But No Dividend
Source: Mining review – Tasiast Open-pit Mine in Mauritania.
Investment Thesis
The Toronto-based Kinross Gold Corp. (KGC) released its second-quarter results on July 29, 2020. It was better than expected earnings with a non-cash impairment reversal of $48.3 million at Lobo-Marte and excellent cash flow from operations.
The average realized gold price was $1,712 per ounce this quarter, and it had a significant impact on the bottom line. Better, the next few quarters appear to be stellar for th…
