18 Facts About Kinross Gold

Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada.

Kinross Gold operates mines in North and South America, and West Africa.

Kinross Gold acquired the Tasiast mine in 2010, expanding the operation twice by 2017.

In 2012, securities class action lawsuits launched in the US and Canada, alleging Kinross Gold overstated the value of Tasiast mine in its financial statements, misrepresented some of the mine's project expansion schedules, and made other false statements.

Kinross Gold Corporation was founded in 1993, following the amalgamation of three companies: Plexus Resources Corporation, CMP Resources and numbered company 1021105 Ontario Corp.

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On June 1,1993, Kinross Gold was listed on the Toronto Stock Exchange and NASDAQ, then on the New York Stock Exchange in 1994.

In 1998, a wholly owned subsidiary of Kinross merged with Amax Gold, forming Kinam Gold, the company's largest subsidiary.

In 2006, Kinross bought Crown Resources Corporation, which gave it ownership of the mineral resource Buckhorn Mountain and the associated mineral processing facilities.

Also that year, Kinross Gold acquired the Dvoinoye deposit and the property in Vodorazdelnaya, about 90 kilometres north of Kinross Gold' Kupol operation.

In December 2017, Kinross acquired mineral rights to Gilmore, or Parcel G, a 709-acre tract adjacent to its Fort Knox Gold Mine, about 25 miles northeast of Fairbanks, Alaska.

In December 2021, Kinross Gold offered to acquire Great Bear Resources for $29 per share, or about $1.

In 2015 in the wake of declining gold prices, Kinross closed their office in Denver and eliminated 110 corporate positions in Denver, Chile, Spain, and Toronto.

In 2015, Kinross Gold achieved an A- ranking in Maclean's magazine's annual assessment of socially responsible companies, the highest ranking of any Canadian mining company.

Also with the university, Kinross Gold provided $100 thousand towards its Fight Against Hunger.

In 2010, Kinross Gold committed to contribute $10 million over a three-year period towards developing a mining school in Mauritania.

In 2013, Kinross Gold was named to the Dow Jones Sustainability World Index for the third consecutive year, as well as the DJSI North American Index, the Ethibel Excellence Investment Register, and the Ethical Global Equity and ECPI Global Carbon Indices.

In 2016, Kinross Gold was ranked the 8th best of 92 oil, gas, and mining companies on indigenous rights in the Arctic.

In May 2021, Kinross Gold committed to reaching net-zero greenhouse gas emissions by 2050.