The Globe and Mail reports in its Monday, June 15, edition that Benoit Gervais at Mackenzie Investments reduced his gold exposure significantly earlier this year. The Globe's Brenda Bouw writes that Mr. Gervais said in an interview: "We've trimmed our gold exposure to 15 per cent from 35 per cent between the last quarter of 2025 and the first quarter of this year. We believe the combination of rising operating costs and declining expectations for gold prices would squeeze them out." He adds: "We trimmed several of our gold stocks and fully exited our position in Kinross Gold. We believe the company will likely face an important investment cycle to replenish its reserves over the coming five years, which could mean less free cash flow will be available for shareholders." The Globe reported on Oct. 23 that Stifel analysts said Kinross was poised to have a stellar year. It was then worth $32.94. The Globe reported on Feb. 11 that Stifel analysts rated Kinross "buy." It was then worth $47.33. The Globe reported on April 17 that National Bank Financial analysts rated Kinross "outperform." The shares could then be had for $47.88.