Kinross Gold Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates eight active gold mines, and was ranked fourth of the "10 Top Gold-mining Companies" of 2017 by InvestNews. The company's mines are located in Brazil, Ghana, Mauritania, Russia and the United States. It trades under the KGC ticker in the New York Stock Exchange and under K in the Toronto Stock Exchange. History Founding and early years Kinross Gold Corporation was founded in 1993 following the amalgamation of three companies: Plexus Resources Corporation, CMP Resources and numbered company 1021105 Ontario Corp., resulting in the new company owning a stake and royalties in a mining property in Fallon, Nevada and the QR Mine in British Columbia. On June 1, 1993, Kinross was listed on the Toronto Stock Exchange and NASDAQ, then on the New York Stock Exchange in 1994. Kinross' first project – now operated by its subsidiary Fairbanks Gold Mining – was the Fort Knox Gold Mine, an open-pit mining operation in Alaska. The area, including surrounding deposits, was prospected as early as 1913, but no mining took place until 1996. In 1998, a wholly owned subsidiary of Kinross merged with Amax Gold, forming Kinam Gold, the company's largest subsidiary. effectively transferring ownership of the mine back to Kinross, along with Maricunga Gold Mine in Chile, as part of the merger. 1999 – 2006 Kinross acquired Hollinger Mines in 1999 as part of a land package prior to the bankruptcy of Royal Oak Mines. Management of ground subsidence resulting from the collapse of drifts and stopes that had not been backfilled was the company's main site activity, which included extensive subsidence southwest of the mine site, at the Hollinger Golf Course. The Hollinger property was sold to Goldcorp in 2006, and is slated for closure and land rehabilitation in 2019. In February 1999, Kinross amalgamated acquired LA Teko Resources Ltd. through its wholly owned subsidiary, LT Acquisition Inc. division. In July 2002, Kinross and Placer Dome combined their assets in Timmins, Ontario and formed the Porcupine Joint Venture (51% Placer Dome, 49% Kinross). Also in 2002, Kinross TVX Gold, and Echo Bay Mines proposed a $3-billion merger, which would combine the three companies, while retaining the name Kinross Gold. The merger was delayed from its original closing due to Kinross' inability to raise the necessary funds, but was approved by shareholders in January 2003. The TVX merger resulted in Kinross' stake in the La Coipa open pit mine, the remainder being purchased from Goldcorp in 2007. Kinross took control of the Lupin mine in Nunavut Territory, Canada, in 2003. In 2006, Kinross sold the Lupin Mine and the Blanket Mine located in Zimbabwe, completing the sale in 2007. By 2013, the Lupin mine was inactive. The acquisition of Rio Paracatu Mineração followed in 2004. In 2005, Kinross sold the Aquarius Project (acquired as part of the Echo Bay merger) to St. Andrews Goldfields (who operated the nearby Stock Gold Mine). In 2006, Kinross bought Crown Resources Corporation, which gave them ownership of the mineral resource Buckhorn Mountain (later Buckhorn Gold Mine) and the associated mineral processing facilities. That year saw the sale of Kinross' Blanket mine in Zimbabwe to Caledonia Mining Corporation. Kinross had never operated the mine given it was written down in 2002. 2007 – present In 2007, Kinross traded assets with Goldcorp; Kinross received $200-million and the remaining portion of the La Coipa Gold Mine it had acquired with the TVX merger, in exchange for giving up its 49% of the Porcupine