Kinross Gold Corporation
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Kinross Gold Corporation
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by ''InvestingNews''. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange. Operations Kinross Gold operates mines in North and South America, and West Africa. In 2022, 58% of Kinross gold production is expected to come from the Americas. Fort Knox This property includes a mill, tailings storage, heap leach facility, the Gil project, and the True North open pit mine, which is closed and under monitoring. Expected to run out of ore in 2021, the mine's life has been extended to 2030 following a $100 million expansion investment announced in 2018, increasing life-of-mine production by about 1.5 million g ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Tasiast Gold Mine
The Tasiast gold mine is an open-pit gold mine in Mauritania, owned and operated by Kinross Gold. The mine is located north of the capital of Nouakchott in a wadi Wadi ( ar, وَادِي, wādī), alternatively ''wād'' ( ar, وَاد), North African Arabic Oued, is the Arabic term traditionally referring to a valley. In some instances, it may refer to a wet (ephemeral) riverbed that contains water ... called Khatt Atui. History The Tasiast Gold Mine began production in 2008. In 2010, Kinross Gold purchased it as part of a $7.1-billion takeover of Red Back Mining in 2010. Expansion Following the purchase, Kinross began an expansion of the mine, which is scheduled to finish in 2014, increasing production from 56,000 ounces per year (as of 2010) to 1.5 million. the expansion project was expected to be $1 billion over budget, but it later got scaled back. Kinross plans to build training facilities in the area, including a School of Mines. Controversies In ...
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Securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equities and Fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic ( dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning they entitle the holder to rights only if they appear on a secur ...
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Mauritania
Mauritania (; ar, موريتانيا, ', french: Mauritanie; Berber: ''Agawej'' or ''Cengit''; Pulaar: ''Moritani''; Wolof: ''Gànnaar''; Soninke:), officially the Islamic Republic of Mauritania ( ar, الجمهورية الإسلامية الموريتانية), is a sovereign country in West Africa. It is bordered by the Atlantic Ocean to the west, Western Sahara to the north and northwest, Algeria to the northeast, Mali to the east and southeast, and Senegal to the southwest. Mauritania is the 11th-largest country in Africa and the 28th-largest in the world, and 90% of its territory is situated in the Sahara. Most of its population of 4.4 million lives in the temperate south of the country, with roughly one-third concentrated in the capital and largest city, Nouakchott, located on the Atlantic coast. The country's name derives from the ancient Berber kingdom of Mauretania, located in North Africa within the ancient Maghreb. Berbers occupied what is now Mauritania ...
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Minas Gerais
Minas Gerais () is a state in Southeastern Brazil. It ranks as the second most populous, the third by gross domestic product (GDP), and the fourth largest by area in the country. The state's capital and largest city, Belo Horizonte (literally "Beautiful Horizon"), is a major urban and finance center in Latin America, and the sixth largest municipality in Brazil, after the cities of São Paulo, Rio de Janeiro, Salvador, Brasília and Fortaleza, but its metropolitan area is the third largest in Brazil with just over 5.8 million inhabitants, after those of São Paulo and Rio de Janeiro. Nine Brazilian presidents were born in Minas Gerais, the most of any state. The state has 10.1% of the Brazilian population and is responsible for 8.7% of the Brazilian GDP. With an area of —larger than Metropolitan France—it is the fourth most extensive state in Brazil. The main producer of coffee and milk in the country, Minas Gerais is known for its heritage of architecture and colonia ...
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Paracatu, Minas Gerais
Paracatu is a municipality in the state of Minas Gerais in Brazil. The name is of Tupi origin, translated "good river", from "Para" (river) and "katu" (good). History The region of Paracatu has been explored by Europeans since the end of the 16th century. In the middle of the 18th century deposits of gold and silver were discovered, and the area was settled. The settlement became the town Vila de Paracatu do Príncipe by royal charter in 1798. The economy The economy is centered on gold mining and agriculture. Mining In Paracatu, gold has been mined since 1722. The Morro do Ouro (Paracatu) open-pit mine is operated by Rio Paracatu Mineração (RPM), a 100% owned subsidiary of the Canadian company Kinross Gold Corporation. The gold content of the ore is comparatively low, about 0.41 gram of gold for every ton of ore extracted. Annual production is about 15 tonnes of gold and 5 tonnes of silver. Kinross Gold owns the open-pit Paracatu gold mine operated as Kinross Brasil Miner ...
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White Pine County, Nevada
White Pine County is a largely rural, mountain county along the central eastern boundary of the U.S. state of Nevada. As of the 2010 census, the population was 10,030. Its county seat is Ely. The name "(Rocky Mountain) white pine" is an old name for the limber pine (''Pinus flexilis''), a common tree in the county's mountains. The county boasts dark skies, clean air and millions of acres of unspoiled public land. It is the home of Great Basin National Park, one of America's most remote and least visited national parks. It is also home to no less than 14 federally designated wilderness areas, offering an abundance of terrain available to explore for hikers, backpackers, skiers, hunters and anglers. The Ely Shoshone Indian Reservation is located in the county, on the south side of the City of Ely. The reservation has a land area of 104.99 acres (0.4249 km2) and a 2000 census official resident population of 133 people. History European settlement in White Pine County be ...
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Barrick Gold
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2019, it produced 5.5 million ounces of gold at all-in sustaining costs of $894/ounce and 432 million pounds of copper at all-in sustaining costs of $2.52/pound. the company had 71 million ounces of proven and probable gold reserves. Barrick has met or beaten market consensus on its financial and operating results for eleven consecutive quarters as of Q3 2021. Barrick had been the world's largest gold mining company until Newmont Corporation acquired Goldcorp in 2019. Barrick expects to produce between 4.6 and five million ounces of gold and between 440 and 500 million pounds of copper in 2020. Chief executive Ma ...
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Nye County, Nevada
Nye County is a county in the U.S. state of Nevada. As of the 2020 census, the population was 51,591. Its county seat is Tonopah. At , Nye is Nevada's largest county by area and the third-largest county in the contiguous United States, behind Coconino County of Arizona and San Bernardino County of California. Nye County comprises the Pahrump Micropolitan Statistical Area, which is included in the Las Vegas-Henderson Combined Statistical Area. In 2010, Nevada's center of population was in southern Nye County, near Yucca Mountain. The Nevada Test Site and proposed Yucca Mountain nuclear waste repository are in southwestern Nye County, and are the focus of a great deal of controversy. The federal government manages 92% of the county's land. A 1987 attempt to stop the nuclear waste site resulted in the creation of Bullfrog County, Nevada, which was dissolved two years later. The county has several environmentally sensitive areas, including Ash Meadows National Wildlife Refu ...
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Round Mountain Gold Mine, Aerial
Round or rounds may refer to: Mathematics and science * The contour of a closed curve or surface with no sharp corners, such as an ellipse, circle, rounded rectangle, cant, or sphere * Rounding, the shortening of a number to reduce the number of significant figures it contains * Round number, a number that ends with one or more zeroes * Roundness (geology), the smoothness of clastic particles * Roundedness, rounding of lips when pronouncing vowels * Labialization, rounding of lips when pronouncing consonants Music * Round (music), a type of musical composition * ''Rounds'' (album), a 2003 album by Four Tet Places * The Round, a defunct theatre in the Ouseburn Valley, Newcastle upon Tyne, England * Round Point, a point on the north coast of King George Island, South Shetland Islands * Grand Rounds Scenic Byway, a parkway system in Minneapolis * Rounds Mountain, a peak in the Taconic Mountains, United States * Round Mountain (other), several places * Round Valley (di ...
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Heap Leaching
Heap leaching is an industrial mining process used to extract precious metals, copper, uranium, and other compounds from ore using a series of chemical reactions that absorb specific minerals and re-separate them after their division from other earth materials. Similar to in situ mining, heap leach mining differs in that it places ore on a liner, then adds the chemicals via drip systems to the ore, whereas ''in situ'' mining lacks these liners and pulls pregnant solution up to obtain the minerals. Heap leaching is widely used in modern large-scale mining operations as it produces the desired concentrates at a lower cost compared to conventional processing methods such as flotation, agitation, and vat leaching. Additionally, dump leaching is an essential part of most copper mining operations and determines the quality grade of the produced material along with other factors Due to the profitability that the dump leaching has on the mining process, i.e. it can contribute substanti ...
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