|Company name||Kinross Gold Corporation (USA)|
|Live stock price||[stckqut]KGC[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=kgc
Kinross Gold Corporation (Kinross) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Kinross also produces and sells silver. Kinross’ gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana and Mauritania. The Company’s gold is produced in the form of dore, which is shipped to refineries for final processing. Kinross also produces and sells silver. The Company’s segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Crixas, La Coipa, Maricunga, Tasiast and Chirano. As of December 31, 2011, Kinross’ total estimated proven and probable mineral were 62.6 million ounces of gold.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Kinross Gold Corporation (USA). It is not possible to confidently invest in a company that is not currently profitable.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.