Kinross Gold Corporation (USA) (N:KGC)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 25 York Street, 17th Floor TORONTO ON M5J 2V5 |
| Tel: | 1-416-3652854 |
| Website: | https://www.kinross.com |
| IR: | See website |
| Key People | ||
| Geoffrey P. Gold President | J. Paul Rollinson Chief Executive Officer, Director | Andrea Susan Freeborough Chief Financial Officer, Executive Vice President |
| Claude J.S. Schimper Executive Vice President, Chief Operating Officer | Kathleen M. Grandy Senior Vice President - Human Resources | William D. Dunford Senior Vice President - Technical Services |
| Business Overview |
| Kinross Gold Corporation is a Canada-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The Company's projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast and Great Bear projects. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska. Round Mountain is a long-life, open pit mine located in Nevada. Bald Mountain is an open pit mine with an estimated mineral resource base located in Nevada along the southern extension of the prolific Carlin trend. Manh Choh project is in Alaska, located approximately 400 kilometers southeast of Fort Knox. Paracatu is a long life, cornerstone operation located near the city of Paracatu in Brazil's Minas Gerais region. It operates the La Coipa mine in the Atacama region and owns the Lobo-Marte development project, which is located approximately 50 kilometers southeast of La Coipa. |
| Financial Overview |
| For the three months ended 31 March 2024, Kinross Gold Corporation (USA) revenues increased 16% to $1.08B. Net income increased 19% to $107M. Revenues reflect Tasiast segment increase of 28% to $313.4M, Round Mountain segment increase of 29% to $140.9M, La Coipa segment increase of 26% to $147.9M. Net income benefited from Tasiast segment income increase of 26% to $120M, Bald Mountain segment income totaling $17.5M vs. loss of $3.4M. |
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