Kinross also stands to gain from Barrick Gold Corp.'s (ABX.TO: Quote, Profile, Research) acquisition of Placer Dome Inc. (PDG.TO: Quote, Profile, Research), which has a number of joint ventures with Kinross.
Once the deal closes, Barrick will transfer a number of Placer's gold assets, including the joint ventures, to another Canadian producer, Goldcorp Inc. (G.TO: Quote, Profile, Research), and Burt is eager to start talking.
Although the two companies have not spoken yet, Burt said: "We would be happy to sit down with (Goldcorp CEO) Mr. Telfer and talk about rationalizing those."
Has Kinross been beaten down to value-investing levels? Let's check out Graham's screening tools.
P/E = 20.6. Well that was quick...