Kinross Price Targets Slashed

Financial Post reported that some analysts are cutting their price targets for Kinross Gold (NYSE:KGC) on new of project delays.

As quoted in the market news:

The three development projects facing likely delays are Tasiast, Fruta del Norte and Lobo-Marte. [Analyst] Walker increased his construction cost estimates for each project by 25%, and also assumed that they will each be delayed by a year.

Click here to read the full Financial Post report.