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<blockquote data-quote="C-Note" data-source="post: 1486048" data-attributes="member: 9873"><p>I've had several non-penny small and mid-cap mining stocks on my watchlist for a couple of months, but the prices haven't come down on any of them until today. Kinross Gold had a fire at the processing plant at one of its mines which stopped production and its share price immediately went down about a dollar today. So, I pulled the trigger on a few shares. This company puts out some serious Au, but I think it's high number of outstanding shares plus its debt is hurting its share price.</p><p></p><p><strong>Kinross Gold- KGC </strong>(NYSE) $7.11, 16 June 2021</p><p></p><p>Outstanding Shares: 1.26b</p><p></p><p>Employees: ?</p><p></p><p>Market cap: 9.66b</p><p></p><p>Cash: 1b (900m debt)</p><p></p><p><u>Operations</u>: All mines primarily produce gold. All 100% owned except for Chirano which is 90%.</p><p></p><p>1. <strong>Paracatu, Brazil</strong>- 126,547 oz in Q1 2021; expected mine life ends 2032</p><p></p><p>2. <strong>Kupol-Dvoinoye, Russia</strong>- 122,252 oz in Q1 2021; expected mine life ends 2025</p><p></p><p>3. <strong>Chulbatkan-Udinsk, Russia</strong>- Exploration phase; production start est. 2025</p><p></p><p>4. <strong>Tasiast, Mauritania</strong>- 88,964 oz in Q1 2021; processing plant currently undergoing modernization to be completed in 2023 which will increase throughput; a June 16, 2021 fire shut down the processing plant and Kinross has not yet said when production will resume.</p><p></p><p>5. <strong>Chirano, Ghana</strong>- 39,505 oz in Q1 2021; expected mine life ends 2025</p><p></p><p>6. <strong>Fort Knox, Alaska</strong> (AK)- 55,815 oz Q1 2021; Gil satellite pits expansion to begin production in Q4 2021 with est. 160k oz production over two years</p><p></p><p>7. <strong>Manh Cho (Peak), AK</strong>- In exploration stage; production start est. 2023</p><p></p><p>8. <strong>Round Mountain, Nevada</strong> (NV)- 74,286 oz in Q1 2021; possible expansion to begin Q2 2022</p><p></p><p>9. <strong>Bald Mountain, NV</strong>- 51,408 oz in Q1 2021</p><p></p><p>10. <strong>La Coipa, Chile</strong>- Old mine that is being prepared for restart and expansion by mid-2022</p><p></p><p>11. <strong>Lobo-Marte, Chile</strong>- Feasibility study results expected Q4 2021; production start est. 2027</p><p></p><p><u>Notes</u>:</p><p></p><p>Company predicts it will produce 2.4m oz Au in 2021, 2.7m in 2022, and 2.9m in 2023. Has announced it will pay a $.03 per share quarterly dividend indefinitely. Earned a 1.3b net profit for 2020 and 150m net profit for Q1 2021. Company says its total average cost per oz for 2020 will be $1,025 vs an average predicted sales price of $1,500.</p><p></p><p> In contrast to the junior penny stock mining companies I’ve looked at, this company doesn’t appear to try to keep its debt as close to zero as possible, instead carrying a fairly high debt load. Is that normal for a mid-cap mining company? Their literature does not give any timeline or explanation for their debt-reduction strategy. Also, it seems to me that their outstanding shares amount is way too high and is greatly weakening their earnings-per-share. With as much gold as they’re producing, their stock price would be a lot higher if it wasn’t so diluted. I believe they would be better served doing a stock buy-back rather than paying a shareholder dividend.</p></blockquote><p></p>
[QUOTE="C-Note, post: 1486048, member: 9873"] I've had several non-penny small and mid-cap mining stocks on my watchlist for a couple of months, but the prices haven't come down on any of them until today. Kinross Gold had a fire at the processing plant at one of its mines which stopped production and its share price immediately went down about a dollar today. So, I pulled the trigger on a few shares. This company puts out some serious Au, but I think it's high number of outstanding shares plus its debt is hurting its share price. [B]Kinross Gold- KGC [/B](NYSE) $7.11, 16 June 2021 Outstanding Shares: 1.26b Employees: ? Market cap: 9.66b Cash: 1b (900m debt) [U]Operations[/U]: All mines primarily produce gold. All 100% owned except for Chirano which is 90%. 1. [B]Paracatu, Brazil[/B]- 126,547 oz in Q1 2021; expected mine life ends 2032 2. [B]Kupol-Dvoinoye, Russia[/B]- 122,252 oz in Q1 2021; expected mine life ends 2025 3. [B]Chulbatkan-Udinsk, Russia[/B]- Exploration phase; production start est. 2025 4. [B]Tasiast, Mauritania[/B]- 88,964 oz in Q1 2021; processing plant currently undergoing modernization to be completed in 2023 which will increase throughput; a June 16, 2021 fire shut down the processing plant and Kinross has not yet said when production will resume. 5. [B]Chirano, Ghana[/B]- 39,505 oz in Q1 2021; expected mine life ends 2025 6. [B]Fort Knox, Alaska[/B] (AK)- 55,815 oz Q1 2021; Gil satellite pits expansion to begin production in Q4 2021 with est. 160k oz production over two years 7. [B]Manh Cho (Peak), AK[/B]- In exploration stage; production start est. 2023 8. [B]Round Mountain, Nevada[/B] (NV)- 74,286 oz in Q1 2021; possible expansion to begin Q2 2022 9. [B]Bald Mountain, NV[/B]- 51,408 oz in Q1 2021 10. [B]La Coipa, Chile[/B]- Old mine that is being prepared for restart and expansion by mid-2022 11. [B]Lobo-Marte, Chile[/B]- Feasibility study results expected Q4 2021; production start est. 2027 [U]Notes[/U]: Company predicts it will produce 2.4m oz Au in 2021, 2.7m in 2022, and 2.9m in 2023. Has announced it will pay a $.03 per share quarterly dividend indefinitely. Earned a 1.3b net profit for 2020 and 150m net profit for Q1 2021. Company says its total average cost per oz for 2020 will be $1,025 vs an average predicted sales price of $1,500. In contrast to the junior penny stock mining companies I’ve looked at, this company doesn’t appear to try to keep its debt as close to zero as possible, instead carrying a fairly high debt load. Is that normal for a mid-cap mining company? Their literature does not give any timeline or explanation for their debt-reduction strategy. Also, it seems to me that their outstanding shares amount is way too high and is greatly weakening their earnings-per-share. With as much gold as they’re producing, their stock price would be a lot higher if it wasn’t so diluted. I believe they would be better served doing a stock buy-back rather than paying a shareholder dividend. [/QUOTE]
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