It's a significant milestone: Kinross Gold has been operating for a quarter of a century. Twenty-five years of growth, value, responsible mining and almost 40 million ounces of gold produced.
What follows is a timeline representing key moments, accolades and milestones in Kinross' rich 25-year history.
Kinross enters the global gold mining business.
Founder Robert M. Buchan (P. Eng.), establishes Kinross through the amalgamation of CMP Resources Ltd., Plexus Resources Corp. and 1021105 Ontario Corp.
Kinross is listed on the Toronto Stock Exchange
in estimated proven and probable reserves
Kinross’ first entry into Russia with a minority interest in the Aginskoe project
Kinross welcomes the Fort Knox mine in Alaska, which continues to be a top producer, and 50% of the Maricunga mine in Chile, through the acquisition of Amax Gold.
Contributes to international standards and codes for the use of cyanide in the gold industry and commits to the International Cyanide Management Code.
50% ownership with the acquisition
49% ownership with the acquisition
100% ownership of Kettle River mill with the acquisition
Kinross is listed on the New York Stock Exchange
Consolidates 100% ownership of Paracatu, purchasing the remaining 51% interest from Rio Tinto
Tye W. Burt is appointed President and Chief Executive Officer
Kettle River receives the MSHA Sentinels of Safety National Award for two consecutive years (2005 and 2006) and has zero lost-time injuries
Kinross acquires Crown Resources Corporation gaining 100% ownership of the Buckhorn deposit in Washington.
Kinross acquires Bema Gold adding to our growing global portfolio. Acquisition includes:
Receives an “A” rating in the Maclean’s magazine annual corporate responsibility survey, the highest grade earned by a Canadian mining company
Chosen as a constituent of the Jantzi Social Index®, a leading index of socially responsible, Canadian-based companies
Receives top honours for safety practices at Round Mountain, Kettle River-Buckhorn and Paracatu
Completes construction of the Kupol gold mine and begins commercial production, overcoming logistical challenges associated with remoteness of Russia’s Far East
First gold pour at the Paracatu expansion project, transforming it into one of Brazil’s largest gold mines
Commercial production begins at Kettle River-Buckhorn, a model for environmentally responsible small footprint mining
Launches four core values company-wide — the pillars of Kinross’ culture
Introduces the “Living Our Values Awards” (LOVA) program to celebrate employees who exemplify our values every day
Receives reclamation excellence award for Fort Knox’s reclamation of Fish Creek
Expands our global portfolio through the acquisition of the Tasiast mine in Mauritania and the Chirano mine in Ghana
Acquires the high-grade Dvoinoye deposit approximately 100 km north of Kupol, located in Russia’s Far East
Advances corporate-wide culture of “Continuous Improvement” to ensure operational excellence globally
Commits to major funding of mining education in Alaska and Mauritania
Named to Dow Jones Sustainability World Index for first time and maintains place on the Dow Jones Sustainability Index North America
Increases ownership at Kupol to 100%
J. Paul Rollinson is appointed Chief Executive Officer
Drives company focus on:
Commercial production gets underway at Dvoinoye, on schedule and on budget
Contributes to 687 local community programs, initiatives and events to an estimated 805,000 people through cash and in-kind donations
Celebrates 20 years of successful operation in Russia
Achieves 33% board gender diversity target with six men and three women.
Achieves highest gold production in the company’s history
Fort Knox pours seven millionth ounce of gold since beginning operations 20 years ago
Kupol celebrates five million ounces poured since the start of operations
Focuses on high quality Nevada assets: Completes acquisition of Bald Mountain mine and remaining 50% of Round Mountain mine
Launches Phase One expansion at Tasiast, part of a two-phased expansion of the mine
Receives its fourth award for reclamation from U.S. Bureau of Land Management, this time for the social closure plan at Kettle River-Buckhorn
Doubles mineral reserves at Bald Mountain to support potential significant mine life extension
Announces decision to proceed with the Tasiast Phase Two expansion to transform the operation into a large, low-cost mine with a long life.
Announces decision to advance the Round Mountain Phase W project to extend mining for five years at one of our top performing operations
Mining operations come to an end at Kettle River-Buckhorn, two years later than scheduled and after producing 200,000 ounces more than originally planned (Opens in new window)
Mining operations come to an end at Kettle River Buckhorn, two years later and after producing 200,000 ounces more than originally planned
Announces a unique partnership with Trout Unlimited and the Rocky Mountain Elk Foundation to protect wildlife habitat near Yellowstone National Park as part of Mineral Hill reclamation
Named one of Canada’s Top 50 Corporate Citizens by Corporate Knights for the eighth consecutive year, and ranked as the top gold mining company for the third consecutive year
Addition of over 2 million ounces to our mineral reserve estimates after gaining mining rights to land adjacent Fort Knox