Precious Metals Prospects

Kinross Gold Corporation(KGC)is on course to increase its production of gold and silver.The Canadian mining firm has exploration,construction and production projects from Brazil to Russia.The Brazilian Paracatu project will increase gold production from 174,254 ounces in 2006 to 557,000 ounces in 2008.The Buckhorn project in Washington state will yield 160,000 ounces of gold annualy beginning in 2008.In the Russian Far East,the Kupol project will yield 418,000 ounces of gold per year beginning in 2008.It also contains more than 40 million ounces of silver.Kinross acquired Bema Gold in early 2007.It is headed by CEO Tye W. Burt in Toronto.As of this morning,the price of gold was up,as were shares of KGC.