Kinross Completes Great Bear Preliminary Economic Assessment; Annual Production Over 500K Ounces; Margins With Low AISC Of ~$800/oz; Drilling Beyond PEA Inventory Shows High-Grade Mineralization At Depth
Portfolio Pulse from Benzinga Newsdesk
Kinross Gold Corporation has completed a Preliminary Economic Assessment for the Great Bear project, indicating annual production over 500,000 ounces with low all-in sustaining costs of ~$800/oz. The project shows high-grade mineralization at depth, supporting Kinross's acquisition strategy.
September 10, 2024 | 3:26 pm
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POSITIVE IMPACT
Kinross Gold's Great Bear project PEA indicates strong production and low costs, supporting its acquisition strategy. The project is expected to produce over 500,000 ounces annually with an AISC of ~$800/oz, highlighting its potential as a high-margin operation.
The completion of the PEA for the Great Bear project confirms Kinross's acquisition strategy by demonstrating high production levels and low costs, which are likely to positively impact the company's stock price. The project's potential as a high-margin operation in a stable jurisdiction is a significant positive factor.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100