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5.0
Kinross Gold Corporation operates in the basic materials sector, within the precious metals mining subsector, with a focus on gold production and, to a lesser extent, silver.
Founded by a group of mining industry executives during a combination of assets in the early 1990s, the company is headquartered in Toronto, Canada, and maintains global operations in regions with geological potential for large-scale gold deposits.
Its portfolio includes open-pit and underground mining, as well as mineral processing, refining, and the commercialization of gold. Operations consist of active mines, development projects, and exploration areas located in countries such as the United States, Brazil, Chile, and Mauritania.
In Brazil, the Paracatu operation in Minas Gerais is one of the country’s most significant gold mines.
The company operates in the international market, with sales primarily directed to institutional buyers and global refineries. Activity is influenced by factors such as international gold prices, energy costs, labor availability, and regulatory stability in the jurisdictions where mining operations are conducted.
Key market drivers include gold price volatility, environmental policy changes, licensing requirements, and operational costs associated with mining at greater depths.
Competition involves major global mining companies such as Newmont Corporation, Barrick Gold, and AngloGold Ashanti, active in leading gold-producing regions worldwide.
The operational structure encompasses producing mines, processing plants, tailings storage facilities, logistical support units, and technical centers dedicated to geology and engineering.
Operations are managed by multidisciplinary teams responsible for feasibility studies, mine planning, environmental management, and safety processes. A global management structure oversees corporate strategy, governance, and financial performance.
With thousands of employees distributed across multiple countries, Kinross applies standardized operational policies, compliance practices, and technologies aimed at improving production efficiency. Internationally, Kinross Gold Corporation’s securities are traded on the NYSE under the ticker KGC.
History and when Kinross Gold Corporation was created
Kinross Gold Corporation was established in 1993 in Canada through the merger of three mining companies — CMP Resources Ltd., Plexus Resources Corp., and Corona Corporation — with the objective of creating a larger-scale company capable of competing in the global gold market. The initial focus involved consolidating assets with production potential and developing economically viable projects.
In its early years, the company concentrated on integrating operations, evaluating its portfolio, and advancing mines acquired during the merger. Initial commercial production solidified Kinross as an emerging mining company in the North American market.
The expansion phase included the acquisition of new mines in South America, North America, and Africa. The purchase of strategic assets increased reserves and diversified geological and operational risks.
Throughout the 2000s, the company strengthened its presence in Brazil and the United States, positioning itself as a mid-to-large-scale global gold producer.
Key historical milestones include expansion into high-potential geological regions, improvements in corporate governance, and technological advances in processing low-grade ore. Increased production capacity strengthened its position in the global precious metals market.
Between 2020 and 2024, the company carried out strategic adjustments to its portfolio, including divestments in higher-risk jurisdictions and investments in projects with greater regulatory stability.
The period was also marked by initiatives focused on sustainability, emissions reduction, digitalization of operations, and enhancements in operational safety controls. Expansions in established mines supported the maintenance of competitive production levels.
Additional Information
The Company Kinross Gold Corporation (United States), is listed on Nasdaq with a market cap of $ 33.15 Billions, having an equity of $ 8.08 Billions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 6.44 Billions, which generated a profit in the amount of $ 1.76 Billion.
As for its main indicators, the Company has a P/E ratio of 18.84, a P/BV ratio of 4.10 and in the last 12 months the dividend yield of KGC was at 0.44%.
The Company is traded internationally through the ticker KGC.
