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Kinross rises on dividend news

Precious metals miners are in the spotlight as the action moves from Beaver Creek to the Gold Forum Americas event underway this week.
Kinross rises on dividend news Kinross rises on dividend news Kinross rises on dividend news Kinross rises on dividend news Kinross rises on dividend news

Kinross Gold bars

Staff reporter

Producers Kinross Gold (TSX: K) and Calibre Mining (TSX: CXB) both hit 52-week highs in Toronto on Friday, gaining 6.3% and 11.7% respectively.

Kinross had announced a three-year 20% guidance boost on Thursday and declared its first dividend since 2013.

Gold is up slightly, above US$1,949 an ounce on the spot market.

Market futures were pointing lower to start the week following a mainly muted finish on Friday.

Tit-for-tat TikTok tensions between the US and China continue, the global number of COVID-19 cases is now above 30.88 million and Elon Musk has promised "many exciting things" at Tesla's Battery Day tomorrow.

Elsewhere, base metals closed mixed in London on Friday, with nickel 1.2% lower and copper at a fresh 2020 high, closing up 0.68% to $6,852.75 per tonne.

Finally, Fresnillo gained 4.9% in London, Newmont closed down 2.4% in New York and BHP was down slightly in morning Australian trade.