Kinross Bald & Round Mountain

Kinross is a generous partner to the White Pine Chamber of Commerce since 1987, and has been providing economic support to communities of White Pine and Nye for decades. Bald Mountain is an open-pit mine with a large estimated mineral resource base located in Nevada along the southern extension of the prolific Carlin trend, and was acquired by Kinross in January 2016.

In October 2018, Kinross acquired the remaining 50% of the Bald Mountain joint venture zone from Barrick Gold to consolidate ownership, of the property, the largest private mining land package in the U.S.

With approximately 3.7 million gold ounces of estimated measured and indicated gold resources (as of December 31, 2022) and a pipeline of high-quality targets, the Company is exploring further opportunities for additional resource conversions and exploration success.

Exploration is focusing on the North area with six target areas. A priority in 2022 was adding volume to Top underground where drilling documented high-grade mineralization in a critical space and confirmed oxide mineralization continues at significant distances beyond previously known intercepts.

Round Mountain is a long-life, open-pit mine located in Nevada, one of the top mining jurisdictions in the world. Round Mountain uses conventional open-pit mining methods and processes ore by mill and heap leach.

In January 2016, Kinross consolidated ownership by acquiring the 50% of Round Mountain it did not already own from Barrick Gold. The Company continues to advance promising initiatives to optimize the operation and potentially extend estimated mine life. In 2023, Kinross approved mining of the optimized Phase S open pit, which is expected to extend production to the end of the decade and increase life-of-mine production by ~750,000 Au eq. oz.

Kinross began operating the mine in 2003, and it has since become a continuous improvement leader in the Company’s portfolio. Round Mountain poured its 15 millionth ounce in 2018.

Exploration

In 2024, the Round Mountain exploration program will focus on supporting Phase X underground development, geological modeling, and additional drilling. Kinross plans to begin to delineate the Phase X mineralization from the underground exploration decline. At Gold Hill, additional drilling from the surface and the bottom of the pit will test the numerous, high-grade gold veins.