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FEATURED MINING COMPANY
Kinross Gold Corporation: is a Canadian-based gold mining
company with mines and projects
in the United States, Brazil, Chile,
Ecuador, Ghana, Russia and Canada
employing approximately 5,500 people worldwide.
Kinross’ strategic focus is to maximise
net asset value and cash flow per share
through a Four-Point Plan built on:
Delivering mine and financial performance; attracting and retaining the best people in the industry; achieving operating excellence through the Kinross Way; and delivering future value through profitable growth opportunities.
Kinross maintains listings on the Toronto Stock Exchange and the New York Stock Exchange.
GHANA
Chirano: consists of several open pits and one underground operation.
Quick Facts:
Ownership: 90% Kinross; Government of Ghana holds a 10% carried interest
Location: Ghana, West Africa
Mining: Open pit, underground
Processing: milling, carbon-in-leach
2010(1) gold equivalent production: 47,689 oz. (90% Kinross share)
2010(1) cost of sales: US$605/oz.
2010 Proven and Probable Reserves: 2.4 M oz.
AFRICAN BARRICK GOLD
African Barrick Gold has four producing gold mines in northwest Tanzania — North Mara, Bulyanhulu, Tulawaka and Buzwagi — in addition to a suite of exploration properties, and as at year end 2009 had 16.8 million oz of proven and probable gold reserves1 (100% basis). Production in 2009 was 716,000 oz of gold at total cash costs of $545 per ounce (100% basis).
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