Read the huge loss amounting to billions for both comapanies in the last quarter. It is a eye opener. Kinross paid 7 billion dolars for 7.1 million ounces of 1 gram gold in West Africa and Barrick is another story.
Those who complain about Yukon gold are short on foresight. It could be a big play for any takeover at a premium price.
"Globe says Kinross charges into another huge writedown
Barrick reported a fourth quarter 2012 net loss of $3.06 billion ($3.06 per share), including a $4.2 billion after-tax impairment charge primarily related to our copper business unit. Adjusted net earnings were $1.11 billion ($1.11 per share)(1). "