Kinross Tasiast

What Kinross Tasiast does

Kinross Tasiast is the Mauritanian operating arm of Kinross Gold Corporation (NYSE: KGC, TSX: K), conducted through wholly-owned subsidiary Tasiast Mauritanie Limited S.A. (TMLSA). It operates the Tasiast open-pit gold mine located approximately 300 km north of Nouakchott in the Inchiri region of northwestern Mauritania, where it extracts and processes gold ore using crushing, Carbon-in-Leach (CIL), heap leaching, and Inline Leach Reactor (ILR) recovery techniques. The mine employs approximately 4,000 permanent workers, 97.9% of whom are Mauritanian nationals, with 70.5% of management positions held by nationals. Following the 24k expansion completed in 2023, processing capacity reached 24,000 tonnes per day, supporting 2025 production of 503,429 ounces of gold equivalent at a production cost of $884/oz, with 4.4 million ounces of proven and probable reserves underpinning a mine life through 2033.

The business model is a single-commodity, direct-to-market operation: gold doré is sold to refineries and bullion traders on global commodity markets at prevailing spot prices, with no named customer concentration disclosed. The asset is supported by a 34 MW photovoltaic solar plant with 18 MW battery storage (operational March 2024), supplying 22% of site electricity, and by International Cyanide Management Code certification held since 2017. Revenue is therefore a direct function of gold price multiplied by ounces produced, with cost discipline anchored to a sub-$1,000/oz all-in cost base. Kinross Gold reports cumulative TMLSA investment of over $5 billion in Mauritania between 2011 and 2024, alongside a $6/oz Tasiast Fund launched in 2024 to channel production-linked contributions into local community development, and partnership programs for healthcare (Project C.U.R.E.), biodiversity (Parc National du Banc d'Arguin), and archaeological heritage (IMRS).

Name

Kinross Tasiast

Legal name

Tasiast Mauritanie Limited S.A.

Website

https://kinrosstasiast.mr

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Kinross Tasiast operates the Tasiast open-pit gold mine in Mauritania through subsidiary TMLSA, a wholly-owned unit of Kinross Gold Corporation. It produces gold at 24,000 tonnes/day for sale to global bullion markets, with 2025 output of 503,429 oz at $884/oz cost.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment) (IMAKAOAF), Comminution (Crushing, Grinding & Milling) (IMAKALAA)

Keywords

• Gold mining
• Open-pit mining
• Mineral processing
• Gold bullion production
• Heap leaching extraction

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Gold Production and Sales: Kinross Tasiast operates an open-pit gold mine producing gold through crushing, heap leaching, and processing. Gold is sold on commodity markets. The mine produced 503,429 ounces of gold equivalent in 2025 at a production cost of $884 per ounce.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Kinross Tasiast operates the Tasiast open-pit gold mine in Mauritania through its wholly-owned subsidiary Tasiast Mauritanie Limited S.A. (TMLSA). The operation extracts and processes gold ore using crushing, CIL (Carbon in Leach), and heap leaching methods at a capacity of 24,000 tonnes per day, producing gold bullion that is sold to refineries and commodity markets.

Product overview

Kinross Tasiast operates the Tasiast gold mine through its wholly-owned subsidiary Tasiast Mauritanie Limited S.A. (TMLSA). The core offering is open-pit gold mining and processing, with ore treated through crushing and CIL (Carbon in Leach) circuits at 24,000 tonnes per day capacity following the 24K expansion. Supporting infrastructure includes a 34 MW solar power plant providing renewable energy, the Fonds de Tasiast community investment fund, mobile healthcare clinics, and vocational training programs for local communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Bullion (Tasiast Mine Production) Gold bullion produced from open-pit mining at the Tasiast mine, extracted via crushing, CIL (Carbon in Leach), and heap leaching from ore grades of 0.4 to 2.5 grams per tonne. Sold to gold refineries and bullion traders on global commodity markets. In 2025, the mine produced 503,429 ounces of gold equivalent at a production cost of $884 per ounce.

Quantifiable outcome

• 503,429 oz gold equivalent produced in 2025
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Parc National du Banc d'Arguin (PNBA)coreStrategic or Co-development Partner · 1 January 2024Environmental protection partnership for biodiversity conservation. In 2024, Kinross reinforced its partnership by organizing steering committee meetings, extending annual protocols, and training park rangers in species monitoring. Over $350,000 invested in environmental monitoring, biodiversity protection, and support for traditional communities.
• Project C.U.R.E.coreStrategic or Co-development Partner · 1 January 2012Partnership with the American NGO and Mauritanian Ministry of Health for medical equipment and supplies donations totaling $7.3 million. Since 2012, this initiative has provided medical care to over 1 million Mauritanians across 72 medical facilities. In 2026, coverage expanded to all 13 regions of the country.
• Institut Mauritanien de Recherches Scientifiques (IMRS)minorStrategic or Co-development PartnerCollaboration for cultural heritage protection through archaeological studies in mining and exploration zones. Tasiast was the first to develop a long-term fencing program for archaeological sites and supported capacity building for archaeological knowledge in Mauritania.

Scale indicators15 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• Newmont Corporation: Newmont is the world's largest gold miner with West African assets (Ahafo, Akyem in Ghana) and a globally diversified portfolio, broadly comparable in scale to Tasiast though more diversified across geographies and asset types.
• Kinross Gold Corporation: Kinross Gold is the parent company of TMLSA/Tasiast and operates other gold mines (Paracatu in Brazil, Round Mountain in the US, Chirano in Ghana, Kupol in Russia), making it the most directly comparable incumbent with full operational and financial insight into Tasiast.
• AngloGold Ashanti plc: AngloGold Ashanti is a major global gold producer with significant African operations (Geita in Tanzania, Obuasi in Ghana), comparable to Tasiast in terms of large-scale African open-pit gold mining, though with broader geographic diversification.

Direct peers

• IAMGOLD Corporation: IAMGOLD operates the Essakane open-pit gold mine in Burkina Faso and has West African development projects (Boto, Diakha), directly comparable to Tasiast in operational model, scale, and regional exposure.
• Perseus Mining Limited: Perseus operates the Edikan and Sissingué gold mines in Ghana and Côte d'Ivoire, directly comparable to Tasiast as a West Africa-focused mid-tier gold producer with similar open-pit mining and heap leach/CIL processing.
• Resolute Mining Limited: Resolute operates the Syama and Mako gold mines in Mali and Senegal, directly comparable to Tasiast as a mid-tier West African open-pit gold producer using similar CIL processing technology with comparable production scale.
• Barrick Gold Corporation: Barrick is one of the world's largest gold producers with significant West African operations (Loulo-Gounkoto complex in Mali), directly comparable to Tasiast in scale, open-pit mining model, and exposure to regional Sahel geopolitics.
• B2Gold Corp. B2Gold is a mid-tier gold producer with the Fekola mine in Mali (now under reduced operations due to regional issues), directly comparable to Tasiast as a West African open-pit gold producer of similar scale and processing capacity.
• Endeavour Mining plc: Endeavour is a pure-play West African gold producer operating multiple mines (Houndé, Ity, Mana, Sabodala-Massawa), directly comparable to Tasiast as a regional peer focused on West African open-pit gold operations of similar scale.

Regional players

• Centamin plc: Centamin operates the Sukari gold mine in Egypt, comparable to Tasiast as a single-asset open-pit gold producer in Africa, though geographically distinct (North Africa vs. West Africa) and serving different regional dynamics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/KinrossTasiast
• Facebookfacebook.com/KinrossTasiast
• LinkedInlinkedin.com/company/kinrosstasiast

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kinross Tasiast