TSX:KMetals and Mining
Why Kinross Gold (TSX:K) Is Up 7.8% After Greenlighting Self-Funded U.S. Projects And Buybacks
Kinross Gold has now moved ahead with construction of three U.S. growth projects, Round Mountain Phase X, Bald Mountain Redbird 2, and Kettle River-Curlew, while completing a US$600 million share repurchase that reduced its share count by 2.5%.
The decision to self-fund these higher-grade, mine-life-extending projects from operating cash flow, alongside buybacks, highlights Kinross’s emphasis on internally generated growth and capital returns.
We’ll now assess how Kinross’s choice to proceed...