- Business
- Kinross Gold Corporation is a Canadian-based senior gold mining company engaged in the acquisition, exploration, development, extraction, processing and reclamation of gold-bearing properties; it produces and sells gold doré bars and silver as a by-product from operations including the Fort Knox and Manh Choh mines in Alaska and the Round Mountain mine in Nevada in the United States, the Paracatu mine in Brazil, the La Coipa mine in Chile, the Tasiast mine in Mauritania and the Great Bear project in Canada. Founded in 1993 and headquartered in Toronto, Ontario, the company conducts gold production and exploration activities principally in Canada, the United States, Brazil, Chile, Mauritania and Finland, delivering value through operational excellence, balance sheet strength, disciplined growth and responsible mining to target markets including bullion banks, precious metals traders and refineries. Recent developments include ongoing advancement of the Great Bear project with detailed engineering near completion for its Advanced Exploration program, procurement for major process equipment scheduled for late 2025 and more than 50,000 metres of regional exploration drilling anticipated by year-end 2025 following its acquisition in February 2022; in May 2025, Kinross completed the acquisition of a 9.9% stake in Eminent Gold Corp. for approximately $3 million; and in 2025 it announced the redemption of $500 million in Senior Notes on December 4 alongside strong third-quarter results reported in November, targeting 2 million gold equivalent ounces of production for the year.