Kinross Gold (KGC) (Seite 50)

[Homy]

Hm, Zahlen leider unter den Erwartungen.. Dafür ist folgende Meldung m.E. top:


Kinross provides update on organic development projects and exploration / Bald Mountain doubles mineral reserves for potential significant mine life extension; Tasiast Phase One expansion on track, Phase Two feasibility study on schedule for Q3





TORONTO, ON--(Marketwired - February 15, 2017) - Kinross Gold Corporation (TSX: K) (NYSE: KGC) provided today updates to its organic development projects, exploration program and its estimated mineral reserves and resources.

(This news release contains forward-looking information about expected financial and operating performance of the Company. All mineral reserves and mineral resources, as well as mine life disclosures, are estimates.)

Organic development projects:
◾Bald Mountain: Company doubles proven and probable mineral reserves to 2.1 million gold ounces (Au oz.) for a potential significant mine life extension1.
◾Tasiast Phase One: Development is on schedule and on budget. Engineering and procurement are substantially concluded and major components for the SAG mill and primary crusher are now at site. Full commercial production is expected in Q2 2018. Phase One is expected to almost double production to approximately 400,000 Au eq. oz. per year at an all-in sustaining cost of $760 per Au oz.2
◾Tasiast Phase Two: Feasibility study progressing well and is expected to be completed in Q3 2017, at which time the Company expects to make a development decision. The Phase Two project is expected to produce approximately 780,000 Au eq. oz. per year at an all-in sustaining cost of $665 per Au oz.2
◾Round Mountain Phase W: Company upgraded 1.3 million Au oz. to measured and indicated mineral resources and added 1.7 million Au oz. to inferred mineral resources1 through geologic modelling, drilling and re-engineering of the Phase W project1. The Phase W feasibility study is expected to be completed in Q3 2017.
◾Russia projects: Stripping at September Northeast has commenced, and development at Moroshka is on schedule for mining to begin in the first half of 2018.

Exploration update:
◾Exploration activities at Bald Mountain, Round Mountain, Kupol and Dvoinoye added a total of 1.06 million Au oz. to the Company's estimated proven and probable mineral reserves and a total of 0.43 million Au oz. to its inferred mineral resources1.
◾Kinross is intensifying its exploration focus to extensions of known zones and mineralization at current mines, based on past successes extending mine life with this exploration strategy.
◾In 2017, Kinross is prioritizing exploration drilling at several operations, including Kupol, which is open at certain zones, and Fort Knox, where drilling is targeting opportunities for mineral resource additions.
◾Bald Mountain, Tasiast and Kettle River will also be exploration priorities for the Company in 2017.

Mineral Reserves and Resources update1:
◾Proven and probable mineral reserve estimates at year-end 2016 were 31.0 million Au oz. compared with 33.2 million Au oz. at year-end 2015, with additions at Bald Mountain partially offsetting depletions over the year. Measured and indicated mineral resources estimates were 30.3 million Au oz., a 7% increase compared with year-end 2015.

1 See also Kinross' Annual Mineral Reserve and Mineral Resource Statement, estimated as at December 31, 2016, and explanatory notes starting at page 12.

2 Forecast site-level all-in sustaining cost excludes corporate overhead costs. "All-in sustaining cost" is a non-GAAP financial measure.

[auro]

KINROSS REPORTS 2016 FOURTH-QUARTER AND FULL-YEAR RESULTS

Kinross Gold Corp. has released its results for the fourth quarter and year-end Dec. 31, 2016.
All dollar amounts are expressed in U.S. dollars, unless otherwise noted.

2016 full-year highlights:

Production 1 : record 2,789,150 Au eq. oz., compared with 2,594,652 Au eq. oz. for full-year 2015.
Revenue: $3,472.0 million, compared with $3,052.2 million for full-year 2015.
Production cost of sales 2 : $712 per Au eq. oz., compared with $696 for full-year 2015.
All-in sustaining cost 2 : $984 per Au eq. oz. sold, compared with $975 for full-year 2015. All-in sustaining cost per Au oz. sold on a by-product basis was $975 for full-year 2016, compared with $971 per Au oz. sold for full-year 2015.
Adjusted operating cash flow 2 : $926.7 million, compared with $786.6 million for full-year 2015.
Operating cash flow: $1,099.2 million, compared with $831.6 million for full-year 2015.
Adjusted net earnings (loss) 2,3 : earnings of $93.0 million, or $0.08 per share, compared with an adjusted net loss of $91.0 million, or $0.08 per share, for full-year 2015.
Reported net loss 3 : $104.0 million, or $0.08 per share, compared with a reported loss of $984.5 million, or $0.86 per share, for full-year 2015.
Capital expenditures: $633.8 million, compared with $610.0 million for full-year 2015.
Balance sheet: The Company ended the year with cash and cash equivalents of $827.0 million, total liquidity of approximately $2.3 billion, and no debt maturities until 2020.

2017 outlook:

2017 Outlook: Kinross expects to produce 2.5 - 2.7 million Au eq. oz. at a production cost of sales per Au eq. oz. of $660 - $720 and an all-in sustaining cost per Au eq. oz. of $925 - $1,025. Total capital expenditures are forecast to be approximately $900 million (+/- 5%), which includes sustaining capital of $420 million, in-line with previous levels, and non-sustaining capital of approximately $455 million to advance development projects, including Tasiast.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:K-2444161

[marty44]

http://oracledispatch.com/2017/02/02/kinross-gold-corporatio…

[marty44]

Salute, ziehe mal hierher um, hab aus Versehen ein neues Forum aufgemacht, weil ich die existenten nicht gefunden habe. Kinross halt mit einem s geschrieben.

[Osito2011]

warum sind die minen heute alle rot??

[edorado]

Schwieriger Markt wegen Goldpreis und Zinsentwicklung.
Anbei Chart-/technische Bewertung eines Analysten:

Die Verkaufswut am Edelmetallmarkt selbst lässt natürlich die entsprechenden Minen keineswegs kalt. So verschlechterte sich unlängst bei zahlreichen Minen der charttechnische Bias. Das heute im Fokus stehende kanadische Minenunternehmen Kinross Gold Corp. macht dabei keine Ausnahme und doch gibt es auch gewisse Lichtblicke im Sinne vorausliegender Unterstützungen. Doch schauen wir uns die Details im Nachgang an die Langfristcharts doch einmal näher an.

Fazit:

Seit dem Hoch vom Frühjahr bei 5,82 USD und dem nachfolgenden Versuch vom Sommer mit einem Hochpunkt bei 5,81 USD eben dieses Niveau zu toppen, tendiert die Aktie stetig schwächer. Zuletzt wurde das Unterstützungsband bei 3,60 USD gebrochen, sodass weiterer Verkaufsdruck Einzug hielt. Allein gestern verlor die Aktie 2,49% und markierte ein neues Mehrmonatstief.

Allem Anschein nach ist ein weiterer Kursverfall bis zur nächsttieferliegenden Unterstützung bei 2,60 USD kaum mehr zu vermeiden. Dort besteht allerdings unter charttechnischen Gesichtspunkten die Chance eines Rebounds. Ob der Minentitel diese Chance zu nutzen weiß? Wir wissen es nicht und doch besteht eben diese Möglichkeit.

Tendenziell wäre eine korrektive Erholungsbewegung bis zum nunmehrigen Widerstandsbereich bei 3,60 USD denkbar. Dort angelangt besteht die weitere Option eines Ausbruchs darüber, was dementsprechend einem Kaufsignal gleichkommen würde. In Folge dessen wären Kurse über 4,00 USD bis hin zur Marke von 5,00 USD vorstellbar. Im Idealfall könnte es sogar zu einer erneuten Attacke auf das Hoch vom Frühjahr bei 5,82 USD kommen.

Was jedoch wenn die Unterstützung bei 2,60 USD keinen Halt bieten sollte? Hierbei lässt sich nur eines feststellen. Kurse unterhalb von 2,50 USD würden das Chartbild weiter schwächen und so Abgaben bis 2,00 USD und 1,65 USD möglich werden lassen. Hierbei wäre dann auch die Performance des Jahresstarts komplett relativiert, was im weiteren Sinne eine denkbar schlechte Ausgangsbasis für die zukünftige Entwicklung wäre.

[edorado]

Aus USA:
Summary

Kinross Gold reported solid Q3 2016 results as production beat market estimates, despite the pre-announced operational issues at Tasiast and Maricunga.

The company finished the quarter with a cash balance of $756 MM, down from $968 MM at the end of Q2 2016.

I am upgrading my recommendation to Buy on the expected return of 42% to the C$8.00 target price.



Kinross Gold Corp. (NYSE:KGC) is among the largest North American gold producers with a portfolio of eight operating mines and three mines in development. Geographically, Kinross is primarily focused on assets in the Americas (the US, Brazil, Chile), Russia and West Africa.

Kinross has designed its new corporate strategy to fit within its expected cash flows. The company decided not to proceed with the original $1.5bn Tasiast expansion plan. It will advance Tasiast as a two-phase expansion and recently made a decision to proceed with the phase 1 expansion. It recently acquired Nevada assets from Barrickheld resource potential, and exploration work has already begun.

Kinross offers steady near-term production, a relatively safe liquidity position, above-average gold price leverage and a geopolitical risk profile that offsets Russia and Mauritania with significant output in the US.

Highlights

Kinross reported solid Q3/16 results as production beat our estimates, despite the pre-announced operational issues at Tasiast and Maricunga. The company is now guiding to finish off the year at the lower end of 2.7-2.9 MMoz production and the higher end of cash costs of $675-735/oz and AISC of $890- 990/oz. Kinross generated strong free cash flow in the quarter, further bolstering the company's balance sheet to pursue the Tasiast expansion as well as other external opportunities.

The company finished the quarter with a cash balance of $756 MM, down from $968 MM at the end of Q2/16 due to the $250 MM debt repayment offset by positive FCF of $112 MM. Available credit is currently $1.43 BB for total liquidity of roughly $2.2 BB.

I am upgrading my recommendation to Buy on the expected return of 42% to the C$8.00 target price. I continue to value Kinross on target multiples of 1.0x NAV and 8.0x 2017 CF. The shares currently trade at 1.01x NAV and 4.1x CF, a discount to senior producing peers at 1.21x NAV and 8.2x 2017 CF.

Since November 4, 2016, the medium-term technical trend is positive, at a price of CAD 5.50. Its adjusted technical reverse point is CAD 5.21, or 5.2% under the current price. The four-week relative performance against the reference index TSX Composite is 16.9%. The technical trend is also positive, which validates this overperformance and confirms the investors' interest in this stock. The four-week relative performance of its reference group («Basic Resources») is positive. According to estimates, no dividend is foreseen in the next 12 months.

In order to assess whether Kinross Gold Corp. is currently fairly priced, I focus on the Peter Lynch's broadly accepted methodology which compares the projected earnings growth and dividend with the estimated PE ratio. Based on this, Kinross Gold is fundamentally undervalued compared to its theoretical fair price.

Its valuation is less attractive than the World «Basic Resources» aggregate.

The "Forecasted Growth + Estimated Dividend Yield/ Estimated Price Earnings" ratio higher than 1.6 often suggests the projected growth is a result of a base effect, meaning the company can often be in a turn around situation. In this case, the estimated PE is a better indicator of a stock's expected growth than the Long Term Growth.

The fundamental price potential for Kinross Gold is good, even if other stocks in the same industry group present an even better valuation. Note that the projected earnings growth to the estimated PE ratio is very high (3.85), which indicates a base effect, a sign that the past earnings experienced a strong decline before shooting upward again.

[Osito2011]

Antwort auf Beitrag Nr.: 53.881.430 von Mark333 am 13.12.16 11:20:16

Sieht alles toll aus - nur was nutzt es wenn der Goldpreis so massiv ( politisch) maniluliert wird. beim nächsten kleinen peak bin ich raus - und lasse die finger davon.
der Markt wird ausschließlich von den amis manipuliert. Mit Angebot und nachfrage hat das ja gar nix mehr zu tun.

[Mark333]

Scotiabank Mining Conference - KGC Präsentation

http://s2.q4cdn.com/496390694/files/doc_presentations/2016/1…

Stand 5. Dezember

[pw1961]

Antwort auf Beitrag Nr.: 53.760.807 von Keilfleckbarbe am 24.11.16 04:42:10

http://www.tradesignalonline.com/ext/edt.ashx/wo/00409de4-cb…


http://www.tradesignalonline.com/ext/edt.ashx/wo/00409de1-cb…