Kinross Gold.
KGC.US | Mining of iron ores
Kinross Gold Corporation is a Canadian-based senior gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Ghana, Mauritania, and Russia. The company is primarily involved in the acquisition, exploration, and development of gold properties, as well as the production...Show More
Better Health for All
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Kinross Gold has a history of workplace safety and health violations, with seven instances of "Workplace Safety or Health Violation" recorded between 2021 and 2023.
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The company also incurred a $275,000 fine from the U.S. EPA in 2025 for an environmental violation, indicating significant health-harming externalities.
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Its total community investment of $13.0 million represents 0.25% of its $5.1 billion revenue, which is a minimal funding level for health equity programs.
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Despite these issues, the company's core product, gold, has no significant positive or negative health impact, and it has no business involvement in sectors with established serious health harms.
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Kinross demonstrates strong risk transparency through its comprehensive sustainability report, which includes independent assurance for 49 performance metrics and aligns with multiple international reporting standards.
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The company provides substantial mental health initiatives for employees and their families, including online well-being tools, 24/7 tele-health counseling, on-site psychologists in remote Russian regions, and workshops for leaders.
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It also supports the 'Not Myself Today' initiative and addresses behavioral health in youth programs.
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Kinross provides basic support for the healthcare workforce, including a $100,000 donation for a hospital care centre that offers training spaces for healthcare professionals.
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Additionally, its 'Level Up 4 Health' program provides health education to over 1,750 students and 800 family members in rural communities.
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Fair Money & Economic Opportunity
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Kinross Gold Corporation is a gold mining company, and its core operations do not involve lending, insuring, moving, or storing money for consumers, which are the activities covered by the 'Fair Money & Economic Opportunity' value. Consequently, all Key Performance Indicators (KPIs) related to financial services, such as customer segments, pricing, fees, loan books, data accessibility for financial products, fair lending compliance, wealth building outcomes from financial products, debt burden ratios, geographic inclusion for financial access points, product simplicity for financial products, profit reinvestment in community finance, and financial literacy initiatives tied to financial services, are not applicable to the company's business model. While Kinross engages in various community support, employment, and education initiatives, these do not constitute the provision of financial services or financial products to consumers as defined by the rubric's KPIs, and therefore, no specific, concrete data points for these KPIs can be extracted or scored.
Fair Pay & Worker Respect
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Kinross Gold recorded 12 substantiated workplace safety or health violations by the Mine Safety and Health Administration (MSHA) between 2021 and 2023.
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In 2024, the company's Total Reportable Injury Frequency Rate (TRIFR) for employees and contractors was 0.33, with zero fatalities.
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For pay equity, the senior management female to male base salary ratio was 0.89 in 2024, while for non-management positions, the female/male ratio of base salary was 1.22.
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In 2024, 56% of the Kinross workforce was covered by collective bargaining agreements, specifically at operations in Brazil, Chile, and Mauritania.
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Voluntary employee turnover was 6.4% in 2024.
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Employee reviews indicate that 85% of employees would recommend the company to a friend and 85% approve of the CEO.
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Fair Trade & Ethical Sourcing
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In 2022, Kinross Gold directed 81% of its total procurement spend for operating jurisdictions to procurement in host countries.
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Honest & Fair Business
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Kinross Gold's anti-corruption policy was deemed 'inadequate' by SEC findings, which cited insufficient internal controls for vendor selection and disbursement, payments without reasonable assurances of proper use, and lack of due diligence for politically-connected consultants.
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A whistleblower policy is in place, allowing confidential and anonymous reporting of concerns without fear of retaliation, and includes separate procedures for external parties.
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However, there is no evidence of independent investigation processes for these reports. Seven of eight board members, or 87.5%, are considered independent of management.
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Kind to Animals
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Kinross Gold has demonstrated efforts in wildlife conservation, including donating water rights representing 3 billion gallons of water
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and protecting a 549-acre elk migration route near Yellowstone National Park
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. The company also donated 6,400 hectares of land to the State Forest Institute for the Paracatu state park
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and protects 8,357 hectares (89%) of ranch land under the Sage Grouse Conservation Protection Credit System
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. Additionally, Kinross Alaska partnered to restore over two miles of a salmon stream
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. In public policy, Kinross collaborated to advance Good Samaritan legislation, passed by the U.S. Senate in 2024
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, aimed at cleaning up and restoring natural ecosystems at abandoned mine lands
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.
No War, No Weapons
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The provided articles do not contain specific, concrete data points relevant to Kinross Gold's involvement in arms manufacturing, military contracts, conflict facilitation, or initiatives to mitigate the impact of war, which are the core aspects of the 'No War, No Weapons' ethical value. While one article mentions a fine for failing to implement anti-corruption compliance programs, this information does not directly pertain to any of the defined KPIs for this value. Kinross Gold was fined $950,000 for failing to implement and maintain anti-corruption compliance programs after purchasing African subsidiaries.
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No specific percentage data was provided for conflict mineral compliance.
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Planet-Friendly Business
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No evidence available to assess Kinross Gold on Planet-Friendly Business.
Respect for Cultures & Communities
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Kinross Gold has formal partnership agreements with 14 Indigenous communities.
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The company reports 99.1% of its overall workforce is employed from host countries, and all operational sites have formal community grievance mechanisms in place.
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A Cultural Heritage Management Standard has been introduced, which includes procedures for "chance finds" and protection of cultural sites.
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In 2024, Kinross directed 27% of its total spend for goods and services to local communities.
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However, in 2017, the federal public ministry denounced a letter of intent with a Quilombola Association as an attempt to circumvent rules regarding the inalienability of quilombola territory.
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In 2024, the company's total community investment was $13.0 million, representing approximately 0.25% of its $5.1 billion revenue.
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Safe & Smart Tech
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Kinross reported zero material breaches pertaining to confidentiality of information and privacy in 2022.
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The company achieved a 91% cybersecurity training rate among its technology users in 2022, providing annual cybersecurity education for all employees, contractors, and the Board of Directors, with additional tailored training for high-risk functions and external experts for the Board.
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Kinross's compliance program is designed to align with applicable regulatory requirements, and the company actively monitors developments in laws, international standards, and best practices.
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Zero Waste & Sustainable Products
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Kinross Gold reported a 56% waste diversion rate for total solid waste in 2024.
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The company has implemented several waste reduction initiatives, including AI-powered digital mining platforms that reduced waste by 12% (2024-2025),
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advanced water recycling systems, and programs to convert 286 tonnes of used oil into fuel in 2024.
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A 10% reduction in single-use plastics was achieved at its Paracatu mine,
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and Tasiast eliminated single-use plastics where alternatives were available.
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Kinross has set targets for 100% water recycling at all major sites by 2026
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and to eliminate single-use plastics by 2030.
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For hazardous waste, 74% was recycled in 2024,
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and total hazardous waste generated declined by 12% in 2021 from 2020 levels.
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The company maintains best-in-class tailings management standards with a 32-year record of zero breaches,
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and all operations are certified under the International Cyanide Management Code.
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Operational sites undergo internal safety and sustainability audits every three years.
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In 2024, Kinross received one Level 3 Notice of Violation at its Fort Knox mine,
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resulting in a $275,000 fine paid in 2025.
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The company requires its sites to optimize material use,
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and 100% of surveyed suppliers have incorporated circular economy principles, including water recycling and reuse.
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