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Kinross Gold Corporation
Type Public
(TSXK
NYSEKGC)
Founded 1993
Headquarters Toronto, Canada Canada
Key people Tye Burt, President and CEO
Industry Mining
Products Gold
Revenue $1,617 million (2009)
Net income $309.9 million (2009)
Employees 5,500 (2008)[1]
Website www.kinross.com

Kinross Gold Corporation (TSXK, NYSEKGC) is a Canadian-based gold mining company with mines and projects in the United States, Brazil, Chile, Ecuador and Russia, employing approximately 5,500 people worldwide. It is the third-largest gold mining company in North America by reserves and seventh in the world in production.[2]

Kinross’ core purpose is to lead the world in generating value through responsible mining.

Kinross was the top-performing senior gold equity on the Toronto Stock Exchange [3] and New York Stock Exchange for two consecutive years in 2006 and 2007. [4]

Contents

Corporate Social Responsibility

Kinross is strongly committed to responsible mining. The company has articulated Ten Guiding Principles for Corporate Responsibility [5] to guide its global activities and completed its first company-wide Corporate Social Responsibility report in May, 2008 [6]. Kinross also achieved an A- ranking in Maclean's magazine’s annual assessment of socially responsible companies, the highest ranking for a Canadian mining company, and was selected as a constituent of the Jantzi Social Index.[7]. In January 2008, Kinross established the Canada-Brazil Resource Network in cooperation with the University of Guelph, creating a unique model for an international partnership in sustainability between the private sector and advanced educational institutions.[8]

In June, 2009 Kinross was recognized as one of Canada's Top 50 Most Responsible Corporations by Maclean's magazine and Jantzi Research.[9]

Recent history

In February, 2007, Kinross completed its acquisition of Bema Gold Corp. for approximately $3.5 billion.[10]

In December, 2007, Kinross completed an asset swap with Goldcorp, selling the Porcupine Joint Venture and Musselwhite properties in Ontario in exchange for 100 per cent ownership of La Coipa in Chile and $200 million in cash, strengthening the company’s presence in the key Maricunga region in Chile.[11]

In September, 2008, Kinross announced that it was successful in its friendly bid to acquire Aurelian Resources, including the 13.7 million ounce Fruta del Norte property in Ecuador.[12]

In October, 2008, Kinross was named one of Greater Toronto's Top Employers by Mediacorp Canada Inc., which was announced by the Toronto Star newspaper.[13]

In January, 2009, Kinross completed the acquisition of the Lobo-Marte gold project located in the Maricunga district of Chile.

In March, 2009, Kinross announced that it had acquired a 19.9% interest in Harry Winston Diamond Corporation.[14]

See also

References

  1. ^ "Company Profile for Kinross Gold Corp (KGC)". http://zenobank.com/index.php?symbol=KGC&page=quotesearch. Retrieved 2008-10-08. 
  2. ^ Kinross Gold Annual Report
  3. ^ NYSE Euronet article
  4. ^ June 12, 2008 Press Release
  5. ^ Kinross Corporate Responsibility Page
  6. ^ Corporate Responsibility Reports
  7. ^ MacLean's Articl - Doing Business the Right Way
  8. ^ December 1, 2008 Press Release
  9. ^ [1]
  10. ^ February 27, 2007 Press release
  11. ^ January 21, 2007 Press Release
  12. ^ September 30, 2008 Press release
  13. ^ "Reasons for Selection, 2009 Greater Toronto's Top Employers Competition". http://www.eluta.ca/top-employer-kinross-gold. 
  14. ^ "Kinross acquires interest in Diavik diamond mining partnership". 19 March 2009. http://www.kinross.com/news/3192009-1.pdf. Retrieved 7 June 2009. 

External links

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