- Gold prices look to have established a new floor at $1,500/oz., Kinross Gold (KGC +2.5%) CEO Paul Rollinson says, as the miner announces plans to move forward with an expansion plan for the key Tasiast mine in Mauritania.
- "I don't see a lot of technical barriers above it, but I do believe that there’s people buying in to where we are today," Rollinson said today at the Denver Gold Forum.
- KGC is focused on investments for its internal projects and building a stronger balance sheet, including a restart for the La Coipa mine in Chile, which will be a "bridge" to looking at starting production at its Lobo-Marte project, the CEO said.
- Further internal investments will focus on projects the company already is completing including in Nevada and Alaska, Rollinson said.
- But the CEO said he "wants to see how this gold price holds" before considering dividends.