BUZZ-Kinross Gold Corp: Goldman Sachs cuts to sell - StreetInsider

Mon Jan 26, 2015 9:05am EST
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** Canadian miner's U.S.-listed shares down 5.3 pct at $3.19 premarket

** Goldman Sachs downgrades the stock to "sell" from "neutral," according to

** Spot gold was down 1 pct at $1,281.90 an ounce by 1315 GMT, off an earlier low of $1,275.75.

** Kinross, world's fifth-biggest gold producer, told Reuters in November that it is unlikely to go ahead with the expansion of its Tasiast gold mine in Mauritania if the price of gold does not recover

** Gold prices had fallen more than 1 pct between October and December

** Kinross' Toronto-listed stock had declined nearly 30 pct in 2014