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Kinross Gold Corporation (USA) (N:KGC)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 25 York St 17th Floor
TORONTO ON M5J 2V5
Tel: 1-416-3653390
Website: https://www.kinross.com
IR: See website
Key People
J. Paul Rollinson
President, Chief Executive Officer, Director
Andrea Susan Freeborough
Chief Financial Officer, Senior Vice President
Paul B. Tomory
Executive Vice President, Chief Technical Officer
Geoffrey P. Gold
Executive Vice-President, Corporate Development, External Relations and Chief Legal Officer
Claude J.S. Schimper
Senior Vice-President - Operations, Russia
 
Business Overview
Kinross Gold Corporation is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company's segments include Fort Knox, Round Mountain, Bald Mountain, Paracatu, Kupol, Tasiast and Chirano. Its projects include Tasiast 24k, Chulbatkan-Udinsk, Alaska projects and La Coipa Restart and Lobo-Marte. The Company's gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. Gold is produced in the form of dore, which is shipped to refineries for final processing. The Company also produces and sells a quantity of silver.
Financial Overview
For the nine months ended 30 September 2021, KinrossGold Corporation (USA) revenues decreased 6% to $2.85B. Netincome decreased 60% to $223.9M. Revenues reflect Tasiastsegment decrease of 21% to $288.1M, Corporate and Othersegment decrease of 66% to $3.5M. Net income also reflectsCorporate and Other segment loss increase from $47M to$213.3M, Tasiast segment loss totaling $26M vs. income of$103.7M.