Thursday, August 12, 2010

the farce that is Kinross Gold

2 charts that tell you everything you need to know about Kinross Gold, down for over 1 and a half years in real terms and against Gold. The issues with Redback mining are at best a distraction from the real long term structural issues with most gold mining outfits. If mining gold proved so unprofitable and if obtaining more ounces in the ground only kept the stock loosing ground, why would the acquisition of more gold help this train-wreck?

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