Kinross Gold (NYSE:KGC), AngloGold Ashanti (NYSE:AU) Underperforming Peers

When Kinross Gold (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) can't excel in the hot gold market, you know there are some issues with the companies, as they've widely underperformed their competitors during the gold bull run.

Kinross does have some potential if they can take their approximate $1 billion in cash and equivalents, which they received when selling a portion of their stake in Cerro Casale stake to Barrick Gold (NYSE: ABX), and invest it in quality projects.

AngloGold Ashanti has a lot of challenges as their gold production decreases from quarter to quarter, while cost continue to rise, especially those they have no control over like royalties and tariffs.

AngloGold said cost will increase 10 percent to $660 an ounce, while production in the first quarter will fall again, this time by about 9 percent.