Wednesday, May 5, 2010

Kinross Profit Up, Yamana Boosts Dividend

Although the company only met expectations, Kinross Gold's first-quarter profit was up 45% from the same quarter a year ago. It had some trouble in the last fiscal year, but seems to be surmounting it.

Also: Yamana Gold is hiking its dividend by 50% from 4 cents/share annually to 6 cents, or 1.5 cents per quarter.

Both provide further evidence that the senior golds are improving on a fundamental basis.

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