Is Kinross Gold (NYSE:KGC) a Buy?

It seems Kinross Gold (NYSE:KGC) is among the least appreciated of the big gold miners, as their recent acquisition of Red Back Mining hasn't been priced into the stock as it could and should be, and they haven't moved up like many of their peers, even though they are going to be among the top five gold miners as measured by production.

One reason for the poor performance of Kinross is they're a little above the industry average for the cash-cost of production, which seems to be keeping the share price down.

With the ongoing increase in the price of gold, that will be overcome, although if times get tough for gold, it does put Kinross at a disadvantage against those who have lower production costs.

Kinross seems to be getting punished more than it deserves, and even with higher costs, could be a bargain gold mining stock at this time.