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Kinross Gold (KGC) Initiates 2025 Drill Program at Riley Gold’s PWC Gold Project

Kinross Gold Corporation (NYSE:KGC) is one of the best high growth stocks. At the end of May, Riley Gold Corp announced that its 2025 drilling program had officially started at the Pipeline West/Clipper Gold Project (PWC), which is being run by Kinross Gold U.S.A., a subsidiary of Kinross Gold Corporation.

A detailed geological study was done to guide new drilling near past major gold finds in the Cortez District. The new drilling sites are being placed about 2.5 km northwest of an earlier 2024 drill hole, aiming toward areas where soil tests showed high gold levels. The goal is to find a large gold deposit in a similar location to another well-known gold site nearby.

Svetlana Lukienko/Shutterstock.com

Kinross plans to collect more soil samples in 2025 to build on Riley Gold’s 2023 survey. That earlier survey found signs of gold in the soil over a 3 km area, along with other elements that usually appear near certain types of gold deposits. This new sampling will help explore a larger area for potential gold.

On March 13, 2024, Riley Gold made a deal with Kinross that gives Kinross the chance to own up to 75% of Riley Gold’s PWC project if it invests at least $20 million. The PWC project is in a well-known gold-rich area in Nevada. Kinross is paying for and running the project and also owns about 10% of Riley Gold through a separate investment.

Kinross Gold Corporation (NYSE:KGC) is a mining company engaged in the acquisition, exploration, and development of gold assets across the United States, Brazil, Chile, Canada, and Mauritania.

While we acknowledge the risk and potential of KGC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KGC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index and 10 Unstoppable Dividend Stocks to Buy Now.

Disclosure. None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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