i agree, this will turn out to be another good deal for kinross. teck is in bad shape, and tye burt is not known for overpaying for acquistions (cough, cough) so i think kinross will get its money's worth and then some. burt was even willing to come up with some cash ($40 million now, $140 million later) and not just stock, so this deposit must be worth something. so far 5.9 million resource ounces, but with a huge land package of 30,000 hectares.

even though it is a low grade deposit (1-2g/ton) lobo-marte goes to the front of the line, ahead of fdn and cerro casale. this will also give the company more leverage in dealing with ecuador. if correa enacts a punitive mining law, kinross can spend its capex funds in chile instead.

http://www.kinross.com/news/11202008...