Kinross Gold
Kinross Gold is a Toronto-based senior gold producer operating seven mines across five countries (US, Brazil, Chile, Mauritania, Canada), producing ~2.0 million Au eq. oz. annually and selling at spot market prices to commodity counterparties while serving equity investors through capital-return programs.
- Company typePublic
- Founded1993
- HeadquartersToronto, Canada
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Kinross Gold does
Kinross Gold Corporation is a senior gold mining company headquartered in Toronto, Canada, founded in 1993 and listed on the TSX (K) and NYSE (KGC). The company produces gold — and silver as a by-product — from a diversified portfolio of seven operating mines across five countries: the United States (Fort Knox and Manh Choh in Alaska; Bald Mountain and Round Mountain in Nevada), Brazil (Paracatu), Chile (La Coipa), Mauritania (Tasiast), and Canada (Great Bear, in development). Its technology stack is conventional large-scale mining — open-pit and underground methods combined with heap-leach and milling/carbon-in-leach (CIL) processing — augmented by SART and rope-conveyor systems at Lobo-Marte and reuse of legacy mill infrastructure (e.g., Kettle River for Curlew; Fort Knox for Manh Choh ore). 2025 attributable production was approximately 2.0 million gold-equivalent ounces, with 2026 guidance unchanged at 2.0 million ounces (±5%) and AISC guided at $1,730 per ounce.
Kinross generates revenue by selling gold in doré and concentrate form to refineries, bullion banks, and commodity trading counterparties at prevailing spot market prices — there are no long-term offtake contracts and pricing is fully market-indexed. Q1 2026 revenue of $2.41 billion (up 61% year-over-year) reflects gold price appreciation rather than volume growth, with margins of $3,476 per ounce and record free cash flow of $837.5 million for the fourth consecutive quarter. The company's secondary 'customer' is the equity capital markets, served through investor relations, conference participation, and a capital-return program targeting 40% of free cash flow (dividends plus NCIB buybacks).
The business model is operationally driven: growth comes from organic development projects (Great Bear in Ontario, Lobo Marte in Chile, Kettle River-Curlew in Washington State) carrying a combined $4.1 billion post-tax NAV and potential to add ~3 million ounces of production through the late 2020s and beyond, supplemented by minority equity investments in junior explorers. The company maintains approximately $1 billion in net cash, employs ~6,000 people globally (99% host-country nationals), and differentiates on a 33-year zero-tailings-breach safety record and 13 consecutive years on the Dow Jones Sustainability World Index.
Kinross Gold firmographics
Firmographics- Name
- Kinross Gold
- Legal name
- Kinross Gold Corporation
- Website
- https://kinross.com
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Kinross Gold is a Toronto-based senior gold producer operating seven mines across five countries (US, Brazil, Chile, Mauritania, Canada), producing ~2.0 million Au eq. oz. annually and selling at spot market prices to commodity counterparties while serving equity investors through capital-return programs.
- Ownership category
- akta.pro rank
Kinross Gold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Precious Metals Smelting & Refining (IMAKAEAE)
Keywords
Where Kinross Gold is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices9 records
Markets served
Kinross Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Gold Production and Sales: Kinross generates the vast majority of its revenue from mining and selling gold in doré or concentrate form. Revenue is directly tied to the volume of gold equivalent ounces produced and the prevailing market price for gold. The company also produces silver as a by-product, contributing modestly to total revenue. Kinross sells its gold to refineries and commodity trading counterparties at market prices, with revenue highly sensitive to gold price movements. Kinross reported approximately $2.41 billion in Q1 2026 revenue (61% year-over-year increase), driven by record margins and gold price appreciation.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
Kinross Gold product offering
Product offeringCore offering
Kinross Gold operates a diversified portfolio of open-pit and underground gold mines across five countries (USA, Brazil, Chile, Canada, and Mauritania), producing gold doré and concentrate for sale to refineries, bullion banks, and commodity traders at prevailing spot market prices. The company's attributable production is approximately 2 million gold equivalent ounces per year, with silver produced as a by-product. Kinross also advances a pipeline of development projects (Great Bear, Lobo-Marte, Kettle River-Curlew) to sustain and grow production into the late 2020s.
Product overview
Kinross Gold is a senior gold mining company with a diverse portfolio of mining operations and development projects. The company operates and develops gold mines primarily focused on gold production with silver as a by-product. Key producing assets include the Fort Knox, Manh Choh, Bald Mountain, and Round Mountain mines in the United States, the Tasiast mine in Mauritania, the Paracatu mine in Brazil, and the La Coipa mine in Chile. Development projects include the Kettle River-Curlew project in Washington, the Lobo Marte project in Chile, and the Great Bear project in Canada. The company generates economic value through gold and silver production, with operations spanning the Americas and West Africa.
Differentiator
Problem solved
Functional benefit
Products and services
- Bald Mountain Mine
Quantifiable outcome
- Record free cash flow of $837.5M in Q1 2026 — fourth consecutive quarter of record cash flows
- +6 more outcomes
Companies that use Kinross Gold
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Kinross Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Kinross Gold partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Puma Exploration Inc.minorKinross Gold completed a 1,870-metre Winter 2026 diamond drilling campaign at Puma Exploration's Williams Brook Gold Project in Northern New Brunswick, Canada, funded under its option agreement with Puma Exploration. At the Jaguar Gold Zone, hole WB26-195 intersected 0.45 g/t Au over 56.50 metres including higher-grade intervals up to 1.03 g/t Au over 16 metres. Kinross has launched its 2026 Summer Exploration Program with three field crews, with potential $13M+ in additional exploration expenditure over the next four years.
- Contango Silver & Gold Inc.coreKinross holds a 70% interest in the Peak Gold Joint Venture, with Contango ORE Inc. holding the remaining 30%. KG Mining (Alaska) Inc., a subsidiary of Kinross Gold, serves as operator of the Manh Choh project in Alaska. The Manh Choh mine produced approximately 60,200 gold-equivalent ounces in 2025 (on a 100% basis), with Contango receiving a $9 million cash distribution from the JV in March 2026. Feasibility studies for Lucky Shot, Johnson Tract, and Kitsault Valley are targeted for completion in H1 2027.
- Dolly Varden Silver CorporationminorContango Silver & Gold Inc. completed its merger with Dolly Varden Silver Corporation, resulting in a combined entity with assets including Contango's gold mine in Alaska (Manh Choh, operated by Kinross) and Dolly Varden's Kitsault Valley silver-gold project in British Columbia (where Kinross holds a 70% interest through the Peak Gold JV). The new company holds combined resources of approximately 2 million ounces of gold and 65 million ounces of silver.
- Ontario Government (One Project One Process Framework)coreKinross Gold's Great Bear gold mine project in Northwestern Ontario was officially designated for inclusion in Ontario's One Project One Process framework — a coordinated single-window permitting approach targeting a 50% reduction in government review timelines. The Great Bear project is one of three mining projects initially designated for participation, alongside Frontier Lithium's PAK lithium project and Canada Nickel's Crawford nickel-cobalt-palladium development.
- Riley Gold Corp.minorKinross Gold U.S.A., Inc. operates the Pipeline West/Clipper Gold Project (PWC) in Nevada's Cortez district under an exploration earn-in agreement executed in March 2024. Kinross completed an expanded soil geochemistry survey extending the gold soil anomaly by 2 km to approximately 6 km in strike length, and submitted an Exploration Plan of Operations (EPO) to the Bureau of Land Management for up to 500 drill sites and 250 acres of proposed disturbance. A seismic survey and new exploration drilling are planned for 2026.
Scale indicators12 records
Recent moves9 records
Expansion highlights5 records
Kinross Gold competitors and assessment
Company assessmentDirect peers
- Newmont Corporation: World's largest gold mining company with diversified global operations across the Americas, Africa, and Australia. Most direct large-cap gold producer peer to Kinross with overlapping geographic footprint (Americas, Africa) and similar product offering (gold doré/concentrate).
- Barrick Gold Corporation: Tier-1 senior gold producer with diversified operations across the Americas, Africa, and the Middle East. Direct competitor to Kinross with similar scale, multi-country portfolio, and focus on operational leverage to gold prices.
- Agnico Eagle Mines: Senior Canadian gold producer with operations in Canada, Mexico, Finland, and Australia. Comparable to Kinross in scale, jurisdictional mix (Canada-centric), capital return philosophy, and gold-focused production profile.
- Gold Fields Limited: Major gold producer with operations in Australia, South Africa, Ghana, Peru, and Chile. Comparable senior peer with similar size, gold-only production focus, and exposure to South American and African jurisdictions overlapping with Kinross.
- AngloGold Ashanti: Global gold miner with operations across Africa, the Americas, and Australia. Similar multi-jurisdictional senior gold producer profile to Kinross, with comparable ESG focus and scale of production.
- Iamgold Corporation: Canadian-based mid-tier gold producer with operations in Canada, West Africa, and South America. Comparable mid/large-cap peer with overlapping operations in Ontario (Côté Lake) and Mauritania, and similar capital allocation dynamics.
- Endeavour Mining: Senior West Africa-focused gold producer with operations in Côte d'Ivoire, Senegal, and Burkina Faso. Comparable to Kinross as a senior producer with exposure to African jurisdictions and similar gold-price leverage business model.
- B2Gold Corporation: Mid-tier gold producer with operations in Mali, Namibia, and the Philippines. Smaller-scale but directly comparable gold-focused producer with similar growth-project optionality and emerging-market jurisdictional exposure.
- Harmony Gold Mining Company: South African-headquartered gold producer with operations in South Africa and Papua New Guinea. Comparable gold-only producer of similar scale with operations in African jurisdictions, similar to Kinross's Tasiast exposure.
Broad incumbents
- Pan American Silver Corp. Major silver producer with growing gold production following the Yamana Gold acquisition. Comparable precious metals miner operating in the Americas with overlapping jurisdictional exposure (Chile, Canada via Contango/Dolly Varden tie-in), though with a silver-skewed portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Kinross Gold social profiles
Digital presenceKinross Gold compliance and trust
Trust signalCompliance1 record
Kinross Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kinross Gold leadership team
Management profileNumber of profiles
Profiles8 records
Kinross Gold subsidiaries and ownership
Company hierarchySubsidiaries5 records
Kinross Gold funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kinross Gold M&A and investment
M&A and investmentM&A3 records
Investments15 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kinross Gold
What does Kinross Gold do?
Kinross Gold operates a diversified portfolio of open-pit and underground gold mines across five countries (USA, Brazil, Chile, Canada, and Mauritania), producing gold doré and concentrate for sale to refineries, bullion banks, and commodity traders at prevailing spot market prices. The company's attributable production is approximately 2 million gold equivalent ounces per year, with silver produced as a by-product. Kinross also advances a pipeline of development projects (Great Bear, Lobo-Marte, Kettle River-Curlew) to sustain and grow production into the late 2020s.
Is Kinross Gold a public or private company?
Kinross Gold is a public company. It is classified as public and is currently operating.
When was Kinross Gold founded?
Kinross Gold was founded in 1993. It employs 5,001 to 10,000 people.
Where is Kinross Gold based?
Kinross Gold is headquartered in Toronto, Canada, in the North America region.
How does Kinross Gold make money?
One revenue line is on record: gold Production and Sales.
Who are Kinross Gold's main competitors?
Direct peers on record are Newmont Corporation, Barrick Gold Corporation, Agnico Eagle Mines, Gold Fields Limited, AngloGold Ashanti, Iamgold Corporation, Endeavour Mining, B2Gold Corporation and Harmony Gold Mining Company. Pan American Silver Corp. is listed as a broad incumbent.
Does Kinross Gold have an API?
No public API is recorded for Kinross Gold.
What industry is Kinross Gold in?
Kinross Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAB, Silver Mining. Its NAICS code is 21222 and its SIC code is 1040.