Vet67to82's Blog : Kinross Gold (KGC) 2012

Kinross Gold (KGC) Annual Report 2010 HIGHLIGHTS

( 1) Acquired Red Back Mining - The combination with Red Back expanded KGC's global portfolio, including the addition of the spectacular Tasiast project, giving Kinross the best "growth" profile among
senior gold producers.
( 2) Increased Revenue, Cash Flow and Earnings - For the first time, annual revenue exceeded $3 billion, an increase of 25% over 2009, while
adjusted operating cash flow exceeded $1 billion. Adjusted net earnings increased by 57%and adjusted net earnings per share increased by 32%.
( 3) Advanced Growth Projects - With new studies completed at Tasiast, Fruta del Norte, Lobo-Marte and Dvoinoye, KGC says it is making significant and steady progress advancing the projects that will fuel its next round of growth. By 2015, KGC expects production to grow to 4.5 to 4.9 million troy ounces, double its 2010 production.
( 4) Expanded Gold Reserves and Resources - In 2010, Kinross increased total proven and probable gold reserves by 23% to 62.4 million
gold ounces.

This info, and more is in the downloadable (pdf) Kinross (177 pages) annual report, Most companies now have downloadable quarterly and annual reports in pdf format. This is the stuff most brokers DO NOT read and it's your MONEY ... check out the fine print and the notes .... sooner or later there'll be something in there that even the analysts have missed .... like the hint of a takeover or merger.

From REQUIRED SEC filings:

"On Tuesday, the world's largest and most prominent asset manager, Blackrock Inc. (BLK), with more than $3.3 trillion in assets under management filed SEC Form SC 13G/A indicating that it held 149.2 million or 13.1% of outstanding KGC shares, an increase of 11.4 million shares from the 137.8 million shares that it held at the end of Q3. Blackrock, which was already the largest institutional holder of KGC at the end of Q3, ranks well ahead now of second place Van Eck Associates that held 46.8 million shares at the time of its Q3 filing. KGC trades at a discount 10 forward P/E compared to the 11.2 average for the gold mining group, while earnings are projected to increase from 57c in 2010 to $1.28 in 2012, at an annualized growth rate of 49.9%."

Grinning ... some else doing their HOMEWORK!

COMMODITIES . 1/17/2012 approximately 11:22 AM EST

NAME LAST CHANGE % CHANGE
Gold 1,659.20 +28.40 +1.74%
Silver 30.36 +0.84 +2.84%
Light Sweet Crude Oil 99.95 +1.07 +1.08%