January 20, 2023 – Toronto, Canada
Historic Achievement
Kinross Gold Corporation, a leading gold mining company, is pleased to announce that its global production has reached an all-time high, surpassing 2.6 million ounces of gold in 2022. This impressive milestone marks a significant achievement for the company, solidifying its position as a major player in the global gold mining industry.
Production Growth
Kinross’s production growth is attributed to the successful operation of its mines, including its flagship Paracatu mine in Brazil, the Kettle River mine in the United States, and the La Coipa mine in Chile. The company’s efforts to increase efficiency, optimize mining processes, and invest in exploration and development activities have contributed to this significant production increase.
Consistent Performance
Kinross has consistently delivered strong production results over the past year, with 2022 being the company’s best production year to date. The company’s focus on safety, environmental stewardship, and community engagement has also helped to maintain its positive reputation and social license to operate.
Long-Term Potential
The achievement of this all-time high production record is not only a testament to Kinross’s current operations but also underscores its long-term potential for continued growth and success. The company’s diversified portfolio of mines and ongoing exploration and development activities position it well to meet growing demand for gold and to drive future production growth.
Management’s Perspective
"Reaching an all-time high production record is a remarkable achievement for our company, and we are extremely proud of our employees and contractors who have worked tirelessly to deliver these results," said Jodie Euclid, Kinross’s President and CEO. "This milestone is a testament to our commitment to safety, sustainability, and operational excellence. We are well-positioned for continued growth and look forward to building on this success in the years to come."
Looking ahead, Kinross is focused on maintaining its production momentum and driving long-term value for its shareholders. The company’s robust balance sheet, low-cost production profile, and ongoing exploration and development activities provide a solid foundation for future growth.
For more information, please contact:
Kinross Gold Corporation
100 King Street East, Suite 1600
Toronto, ON M5C 1X5
Phone: 416-364-5000
Email: [email protected]
Note: This article is for illustrative purposes only and does not reflect actual data or company performance.
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