Cowen Downgrades Kinross Gold (KGC) to Market Perform
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Canaccord Genuity Downgrades Kinross Gold (KGC) to Hold
June 11, 2013 7:07 AM EDTCanaccord Genuity downgraded Kinross Gold (NYSE: KGC) from Buy to Hold with a price target of $7.70 (from $8.00).
For an analyst ratings summary and ratings history on Kinross Gold click here. For... More
Kinross (KGC) to Cease Fruta del Norte Development; Sees $700M non-Cash Charge
June 10, 2013 5:02 PM EDTKinross Gold Corporation (NYSE: KGC) announced that the Company will not proceed with further development of the Fruta del Norte (FDN) project in Ecuador. The Company also informed the Government of Ecuador of this decision, and requested its cooperation in ensuring an orderly transition that respects the interests of both parties.
After more than two years of negotiations on exploitation and investment protection agreements for the project, the Government of Ecuador and Kinross have been unable to agree on certain key economic and legal terms which balance the interests of all stakeholders. Therefore,... More
