PEA

Kinross Gold Maintained at Outperform at National Bank After Great Bear PEA; Price Target Kept at C$16.00 National Bank Financial on Tuesday reiterated its outperform rating on the shares of Kinross Gold (K.TO, KGC) and its C$16.00 price target after the company released a preliminary economic analysis (PEA) for its Great Bear project in northwestern Ontario."This morning before market open, Kinross announced the results of its Great Bear PEA and updated mineral resources as of April 2, 2024. We would note that management highlighted today's PEA is a first look given the orebody remains open at depth which we believe will result in larger total resources as drilling from depth continues over the coming years, which has the potential to greatly increase the value of the asset from an already strong starting point. The study calls for LOM production of ~5.3moz of gold at average production costs of US$594/oz (NBFe US$741/oz) and AISC of ~US$800/oz (NBFe US$925/oz) over the first eight ye

时间：2024-09-11 00:03:47 市场： 综合 美股

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