BUZZ-Kinross Gold Corp: Biggest intraday pct fall in nearly 4 months

Wed May 11, 2016 1:07pm EDT
 
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** Canadian miner's shares down 8.5 pct at C$6.54 in afternoon trading; U.S.-listed shares down 8 pct at $5.08

** Company's Canada-listed shares fell as much as 11.3 pct to C$6.34; Biggest intraday pct fall in nearly 4 months

** Deutsche Bank cuts rating to "sell" from "hold"

** Earlier in the day, the company's Toronto-listed stock had risen as much as 4.8 pct to more than 3-year high of C$7.49

** Company on Tuesday said it would suspend mining activities at the Maricunga mine in Chile by the end of October

** Maricunga mine produced about 8.5 pct of the company's total production in the quarter ended March 31

** Company also posted lower-than-expected Q1 revenue as the world's fifth biggest gold miner struggled with lower realized gold prices

** Up to Tuesday's close, stock had more than doubled its value in the last 12 months