Zacks Industry Outlook Highlights: Newmont and Kinross Gold Corp.

Chicago, IL – July 29, 2009 – Zacks.com announces the latest Industry Outlook. Today’s outlook from Zacks Equity Research analyst Paul Raman discusses the Metals & Mining sector. Highlighted stocks include: Newmont (NEM - Analyst Report) and Kinross Gold Corp. (KGC - Analyst Report).

Prices have peaked due to the record commodities run-up and also by slowing economies. Prices are steady in recent months. The slowdown in the U.S./Europe/Japanese economies remains a negative issue facing producers. Shipments are off at a double-digit rate. Pension deficits are rising due to lower interest rates, a weak stock market and less funding. Gold prices are staying high, but we remain bearish on gold due to the following:

1) An increase in stock offerings - Both Newmont (NEM - Analyst Report) and Kinross Gold Corp. (KGC - Analyst Report) have announced sizable stock offerings in recent weeks. They know when the gold market and their stocks have peaked

2) Slowdown in the Indian economy - GDP growth has slowed from 9% to 5% (and falling) in India. Nearly 45-50% of world production is consumed in India. Gold is a luxury item in this rapidly slowing economy, and the slowing is most rapid in large cities where gold is consumed the most

3) Gold has spiked recently - Other metals have peaked and fallen in price. Gold is economically sensitive. Most other commodities have collapsed in recent months. Gold historically has correlated with oil, which has fallen

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