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Kinross Gold

Title: Kinross Gold
Category: Mining
Clicks: 10
Added on: Nov 27, 2011
PageRank:
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Kinross Gold is a Canada-based gold miner which operates mining sites and projects in the US, Canada, Russia, Chile, and Ecuador. Other mines of the company are found in Mauritania and Ghana.

Kinross Gold was established in 1993 and together with Placer Dome Inc., it established the Porcupine Joint Venture, combining the Bell Creek Mill, Pamour Nighthawk Mines, Hoyle Pond, and Dome mine. Completing its merger with TVX Gold in 2007, Kinross Gold acquired ownership in La Coipa, found in Chile. In 2007, Kinross Gold acquired the Bema Gold Corporation and ownership in different mining operations. In 2011, the company’s ownership in the Kupol mine increased from 75 percent to 100 percent.

The company has interest in the Julietta Mine and Kupol mine found in the Russian Federation and in the Chilean Maricunga Mine. The Kupol mine is a world-class mine with a strong cash flow, low costs, significant production, and location in a key region. The mining site consists of both an open pit and underground operation and is jointly owned by the regional government and Kinross Gold. The La Coipa mine comprises of 3 open pit mines and is found in the Atacama Desert. Maricunga is a cold weather, high altitude heap leach operation situated in the northern part of Chile. In total, the miner has operations in eight mining-friendly states, with 5 development projects and 10 operating mines. Its development projects are found in Chile (Fruta del Norte and Lobo-Marte) and in Ecuador. Cerro Casale is among the largest undeveloped copper and gold deposits in the world.

Kinross Gold follows a number of guiding principles, among which prioritizing the safety of every employee, maintaining high standards of corporate governance, and promoting engagement with the communities in which it operates. The company is listed on TSX under the ticker symbol K and on NYSE under KGC. Its main competitors are Freeport- McMoRan Copper & Gold Inc., Coeur d'Alene Mines Corporation, and AngloGold Ashanti Limited.

Jantzi Research and Maclean’s magazine have recognized Kinross God as one of the Top 50 Most Responsible Corporations in Canada.
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