- Business
- Kinross Gold Corporation is a Canadian-based senior gold mining company focused on the acquisition, exploration, development, extraction, processing, and sale of gold-bearing properties and silver as a byproduct; its core operations include producing gold doré bars sold to bullion banks, precious metals traders, and refineries, alongside silver production targeting industrial consumers and traders. The company operates a diverse portfolio of mines and projects across the United States (including Fort Knox), Canada (including Great Bear), Brazil (Paracatu), Chile (Lupaka), and Mauritania (Tasiast), with activities encompassing open-pit and underground mining, ore processing through crushing, grinding, and chemical treatment, and reclamation of mining properties. Founded in 1993 and headquartered in Toronto, Ontario, Kinross targets global markets through its six active high-grade mines, emphasizing operational excellence, cost efficiency, and responsible mining practices with approximately 8,452 employees. Recent developments include strategic equity investments such as a 9.9% stake in Eminent Gold Corp. in 2025 for exploration in Nevada's Hot Springs Range Project and Celts project, alongside increasing ownership in Relevant Gold to 19.9% with warrants for further expansion; the company also acquired the Spanish Moon project from Gold Royalty Corp. retaining a royalty interest, while advancing the Great Bear project post-2022 acquisition with a positive Preliminary Economic Assessment in September 2024 outlining over 500,000 ounces annual production at low costs, ongoing Advanced Exploration drilling exceeding 50,000 metres in 2025, and procurement for mill infrastructure.