Friday, May 21, 2010

Kinross Gold (NYSE:KGC) Slightly Up Friday

Kinross Gold (NYSE:KGC) (TSE:K) finished the Friday session slightly up in New York, as a number of gold miners began to rebound a little after a brutal week where they were down, as speculators took profits after a stretch where gold prices surged to record highs, reaching the all-time high of $1,249.70 an ounce before the sell-off.

The gold producer didn't do quite as well in Toronto, but that was the pattern for Friday.

In New York, Kinross ended the day up 4 cents, or $0.24 percent higher.

After a large number of gold miners had volume much higher throughout the week, things settled a little back more toward normal, and that was the case with Kinross, which was a little above the 3-month average of 6,162,850, ending at 7,040,665 for the day.

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