Friday, February 24, 2006

Company News |

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...

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