Kinross Gold Corporation

Gécamines SA logo
Gécamines SA
September 1, 2016
John Parker
Sir Thomas John Parker
August 27, 2016

Kinross Gold Corporation

Kinross logo
  • Year Founded: 1993
  • Key Founding Individuals: Robert M Buchan
  • Key Executives: J. Paul Rollinson, President and CEO; John E. Oliver, Independent Chair
  • Mined Resources: Gold
  • Operational Regions: United States, Brazil, Chile, Ghana, Mauritania, and Russia. Headquarters in Toronto, Canada.

Kinross is the third-largest gold-mining operation in North America. It is regarded as a compelling investment opportunity in the gold market, boasting a diverse portfolio of mines and projects which employ approximately 9,300 people worldwide. The company holds a track record of operational excellence. It is committed to responsible mining through disciplined growth and sound fiscal practice. Kinross is listed on the New York Stock Exchange as well as the Tokyo Stock Exchange.

History

Kinross was listed on the Tokyo Stock Exchange and NASDAQ on June 1, 1993. Kinross merged with Amax Gold in 1998 and in so doing, acquired the Fort Knox Gold Mine (USA). In 2003, Kinross formed a $3 billion merger with TVX Gold (TVX) and Echo Bay Mines. Over the years, Kinross bought and sold various mines. Today, its portfolio consists of mines at Fort Knox, Alaska, USA; Kettle River, Buckhorn, USA; Round Mountain, USA; Bald Mountain, USA; Paracatu, Brazil; Maricunga, Chile; Tasiast, Mauritania; Chirano, Ghana; Kupol, Russia; and Dvoinoye, Russia.

Corporate Mission and Vision

The corporate governance practices and global compliance program at Kinross are aligned with applicable regulatory requirements. Developments in applicable laws, international standards, and best practices are consistently monitored to ensure that the highest standards are maintained.

Kinross has a Code of Business Conduct and Ethics for all directors, officers, employees, and contractors. The following four core values guide the board of directors in the management of the opportunities and responsibilities inherent to a global mining company:

• “Putting people first” – Kinross prioritises health and safety among all stakeholders by upholding the values of fairness and respect, and providing a climate for professional development and personal growth amongst its workforce whilst recognising diversity in cultures, customs, and practices.

• “Outstanding Corporate Citizenship” – Kinross’ commitment to the highest ethical and governance standards ensures vigilance in environmental protection whilst striving to minimise its footprint. There is a strong focus on sustainable community initiatives in its areas of operation.

• “High Performance Culture” – Kinross is a results-orientated company that values innovation, adaptability, and accountability in the execution of its business strategy. It seeks industry-wide recognition for the passion, sense of urgency, ability, and initiative of the individuals comprising the Kinross team. Excellence is recognised and rewarded so as to create a culture of continuous improvement.

• “Rigorous Financial Discipline” – Discipline is the cornerstone of Kinross’ management philosophy. Prudence with shareholders’ funds is paramount, as such the pursuit of efficiency and cost-effectiveness is assured.

Founder and Management

Robert M Buchan, a Scottish-Canadian mining engineer, businessman, and philanthropist founded Kinross Gold in 1993.He retired as president and CEO of Kinross Gold Corporation in January 2005 and went on to found Katanga Copper, which developed one of the world's largest copper deposits. He retired from Katanga Copper in 2007. Today he is the Director of The Buchan Family Foundation, a philanthropic body. The current president and Chief Executive Officer of Kinross is J. Paul Rollinson.