On August 29, Kinross fell 5.01% in regular trading, trading at $30.875/share, with turnover of $224 million.

On the news front, spot gold recently broke below the $4,600/oz level as market expectations for a Fed rate hike rose significantly. The U.S. July core PCE came in at +3.3% year-over-year, in line with expectations, but the market strengthened its pricing for a rate hike next month. A stronger dollar weighed heavily on gold, dragging mining stocks lower across the board.

Within the Gold sector, the overall sector declined broadly. Among individual stocks, Barrick Mining Corporation down 3.99%, Agnico Eagle Mines down 4.63%, Newmont Mining down 3.72%, Coeur Mining down 5.74%, Wheaton Precious Metals down 3.78%. Kinross led declines among major gold miners, reflecting market concerns over gold price retracement in a higher interest rate environment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)