TORONTO (miningweekly.com) – Canadian gold producer Kinross Gold hopes to see a noticeable rerating of its shares in the coming months, as the firm completes feasibility studies and makes decisions on a slew of new projects, CEO Tye Burt told delegates at the Denver Gold Forum on Wednesday.

“Of course, like every CEO up here we think we are undervalued,” he quipped.

“But the reason we think we are a little lower on the multiple scale today is that we haven't rolled out the technical components for the next leg of our growth strategy,” Burt added.

“So that's the rerating we would hope to see over the next six to 12 months as we make those technical studies public and define our growth profile for the future.”

The company has a price-to-earnings ratio, or multiple, of just 22,2, compared with rivals like Goldcorp and Agnico-Eagle Mines, which sit in the 60s and even 90s, even though they have exposure to base-metal byproducts, while Kinross is a pure gold and silver producer.

“So we are looking for a serious rerating as we roll out our project suite,” Burt said.

Kinross shares edged up 0,6% on Wednesday, to C$24,74 apiece by 16:37 in Toronto.

The company owns mines in the US, Brazil, Chile and Russia.

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