Kinross Gold Corporation (KGC) acquires, develops, and explores gold properties in the United States, the Russian Federation, and Brazil. Based in Toronto, Canada, the company extracts and processes gold-containing ores and produces and sells silver. In comparison, B2Gold Corp. (BTG), which is based in Vancouver, Canada, is a gold producer that operates primarily with three mines. The company operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and Otjikoto Mine in Namibia.
After a sharp correction in its last session, gold prices are again up on Thursday, bouncing above the $2,000 per ounce level as a lack of progress in talks between Russia and Ukraine led investors to seek safe-haven assets again. After declining 3% in its last session on Wednesday, spot gold prices have again jumped 0.7% to $2,004.89 per ounce, while United States gold futures were up 1.2% to $2,011.00 per ounce. Given the current geopolitical uncertainty, investment bank Goldman Sachs Group Inc. (GS) has raised its three-month horizon gold price projection to $2,300 per ounce, from $1,950 per ounce. It moved its six-month projection to $2,500 per ounce, from $2,050 per ounce previously. Both KGC and BTG are well-positioned players in the gold mining industry and might benefit from gold price increases.
