- Business
- Kinross Gold Corporation (KIN2.DE) is a senior gold mining company focused on the acquisition, exploration, development, extraction and processing of gold ore. The company produces gold doré bars, which it sells to bullion banks, precious metals traders and refineries, and silver as a by-product from its mining operations; its principal assets include operating mines such as Fort Knox in Alaska, United States; Round Mountain in Nevada, United States; Bald Mountain in Nevada, United States; Paracatu in Brazil; Tasiast in Mauritania; and La Coipa in Chile, with additional projects in Canada including Great Bear. Kinross operates across the Americas, West Africa and other regions, targeting institutional investors and gold markets, from its headquarters in Toronto, Ontario, Canada where it was founded in 1993. Recent developments include the acquisition of the Spanish Moon exploration project in Nevada from Gold Royalty Corp in 2025, retaining a 3% net smelter return royalty for the seller; ongoing advancement of the Great Bear project in Canada with AEX construction commenced in Q4 2024 and initial exploration decline development targeted for December 2025; a renewed option agreement with Puma Exploration for the Williams Brook gold project in New Brunswick, Canada committing at least $3 million in year-two exploration expenditures pending board approval; reactivation of its share buyback program with $225 million repurchased year-to-date toward a $500 million 2025 target alongside quarterly dividends; and strong 2025 second-quarter results featuring record free cash flow exceeding $600 million driven by robust operating margins.