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Sicart Associates sells Kinross Gold shares, but company's stock surges 264.7% as it beats earnings expectations.
Sicart Associates LLC sold 1,500 shares of Kinross Gold Corporation (KGC), reducing their holdings by 9.7% to 14,000 shares.
Kinross Gold's stock rose 264.7% in the first quarter, with Bessemer Group Inc. buying an additional 112,800 shares.
The company reported $0.30 EPS, exceeding analysts' expectations of $0.22, with revenue at $1.44 billion.
Kinross operates mines in the US, Brazil, Chile, Canada, and Mauritania, and has a market cap of $18.22 billion.
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Sicart Associates vende las acciones de Kinross Gold, pero las acciones de la compañía suben un 264.7%, ya que superan las expectativas de ganancias.