You never forget your first, and Bema Gold was my first gold mining stock.
After years of speculation, Kinross Gold
Since Kinross Gold had forewarned of this massive write-down, the market took the latest earnings release in stride, encouraging Fools to bury the hatchet and focus on the company's operations and outlook. With three projects achieving production in 2008, Kinross delivered a 43% increase in gold production in the fourth quarter for a 72% bump in revenue. After reaching 1.8 million ounces in 2008, Kinross is targeting a further 33% increase to 2.4 million ounces of gold production in 2009.
Further corroborating the trend of declining costs -- predicted by executives of both Barrick Gold
Kinross sees the Lobo-Marte project in northern Chile as its future star. Kinross purchased the project for an incredible $42 per ounce of gold in the ground from two miners feeling debt-related stress from the financial crisis: Teck Cominco
While I approach Kinross Gold with restraint because it holds assets in some potential geo-political hotspots like Ecuador and Russia, I continue to believe very strongly in the company's earnings potential and opportunistic growth strategy. Fools seeking operations in more predictable jurisdictions might consider my top pick: Agnico-Eagle Mines