The World 5th Producer Of Yellow Gold: Kinross Gold

kinross gold

Canada’s Kinross Gold is currently the world’s fifth largest producer of the yellow metal.

In Latin America, Kinross owns the Maricunga and La Coipa mines in Chile and the Paracatu operation in Brazil, the largest gold mine in the country. It also owns or has stakes in the Fruta del Norte project in Ecuador; the Lobo-Marte and Cerro Casale projects in Chile; and the Crixás mine in Brazil. In addition, the company has operating mines and projects in Russia, the US and West Africa. Kinross Gold was founded in 1993 and is headquartered in Toronto, Canada.

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. Kinross also produces and sells silver. Its gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana and Mauritania.

The Company’s gold is produced in the form of dore, which is shipped to refineries for final processing. Kinross also produces and sells silver. The Company’s segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Crixas, La Coipa, Maricunga, Tasiast and Chirano. As of December 31, 2011, Kinross total estimated proven and probable mineral were 62.6 million ounces of gold.

Kinross Gold operates mines and projects in North and South America, Russia, and Africa. In 2012 the company’s gold production was 2,617,813 gold equivalent ounces.