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Monday, August 2, 2010

Kinross (NYSE:KGC) Follows Gold Prices Up

Gold prices have been up for the last three trading sessions, helping gold miners recover some from an otherwise slow week and month.

Underlying fundamentals remain the same, and gold prices are expected to resume their upward run, although it may take until sometime in August before that happens, as the typical summer doldrums are still here, and investors have been ignoring the economic signs pointing to ongoing difficulties.

Kinross Gold Corporation (NYSE:KGC)(TSE:K) on their part, moved up with gold prices over the last three days, ending the week at $16.39, gaining $0.22, or 1.36 percent.

The gold mining company will provide their earnings report on August 4.

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