Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Nov. 24, 2011) – Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced today that it is adjusting its forecast for depreciation, depletion and amortization in 2011 to approximately US$600 million compared with the previously-stated forecast of US$651 million. The Company’s guidance for production and cost of sales in 2011 remains unchanged.
