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Message: lobo-marte $44/oz

lobo-marte $44/oz

posted on Nov 21, 2008 06:44AM

according to a credit-suisse analyst, the $250 million purchase of lobo-marte works out to $44 per resource ounce, and should not require the company to seek any addtional financing through 2009.



Kinross had $706-million in cash and cash equivalents at the end of the third quarter. Its fourth quarter and 2009 capital cost and debt repayment commitments, along with cash flow projections based on $700 gold and $9.50 per ounce silver, Ms. Soni said the acquisition should not affect Kinross’ ability to self-fund for the next 15 months.

http://seekingalpha.com/article/1072...

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