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As the bullion metal glitters, gold mining stocks like Barrick Gold and Kinross Gold have a fair chance to gain.
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Not for dissemination in or into the United States or through U.S. newswires All dollars are Canadian unless otherwise noted VANCOUVER, BC / ACCESS Newswire / February 11, 2025 / Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") is pleased to announce a non-brokered private placement to raise gross proceeds of up to $5,000,000 through the sale of up to 16,666,667 shares at the price of $0.30 per share led by two strategic investors. Kinross Gold Corporation ("Kinross") (NYSE:KGC)(TSX:K) has committed to increase its equity position in the Company to 19.9% of the issued and outstanding common shares with this financing.
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KGC is likely to have benefited from higher average realized gold prices in the fourth quarter.
Kinross Gold (KGC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The trend of gold has continued its strong momentum from 2024, with the precious metal soaring to record highs in early 2025. In 2024, gold delivered an impressive return, surging over 30% for the year.
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Ahead of their earnings release, BofA Securities analyst Lawson Winder upgraded Kinross Gold Corporation KGC and downgraded Barrick Gold Corporation GOLD.
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