Kinross Mergers and Acquisitions Summary

Metals/miningCompany

Kinross has acquired 5 companies, including 2 in the last 5 years. It has also divested 4 assets.

Kinross’ largest acquisition to date was in 2010, when it acquired Red Back Mining for $7.1B. It’s largest disclosed sale occurred in 2022, when it sold Kinross Gold - Russian assets to Highland Gold Mining for $680M. Kinross has acquired in 1 US state, and 4 countries. The Company’s most targeted sectors include metals/mining (100%).

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M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity5
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 5
  • M&A Advisors 7

Kinross

Kinross Gold Corp.

25 York Street 17th Floor,
Toronto, Ontario M5J 2V5
Canada,
(416) 365-5123
www.kinross.com

Kinross is a Canadian gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Ecuador and Russia. The Company was formed in 1972 and employs approximately 5,500 people worldwide. Kinross Gold was founded in 1993 and is based in Toronto, Canada.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.4/yr) # 3 - 1 1 - - 5
vol $8.0B $94M $1.4B $9.5B
Sell (0.2/yr) # 3 - - - 1 - 4
vol $240M $680M $920M
  9

Most Recent M&A

Company Date Value Type
Kinross Gold - Russian assets 2022-04-05 680M USD Divestiture
, Russia
Great Bear Resources Ltd. 2021-12-08 1.4B CAD Add-on Acquisition
Vancouver, British Columbia · www.greatbearresources.ca
Peak Gold Project 2020-09-30 94M USD Divestiture
, Alaska
Aurelian Resources Inc. 2014-10-21 240M USD Divestiture
Toronto, Ontario
Red Back Mining Inc. 2010-08-02 7.1B USD Merger
Vancouver, British Columbia
Aurelian Resources Inc. 2008-07-24 912M CAD Add-on Acquisition
Toronto, Ontario
Kinross Gold Corp. - Porcupine Gold Mines 2007-09-25 - Stake Purchase
, Ontario
Kinross Gold Corp. - Musselwhite Gold Mine 2007-09-25 - Stake Purchase
, Ontario
Goldcorp, Inc. - La Coipa silver-gold mine 2007-09-25 - Stake Purchase
, Chile
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Metals/Mining 5 (100%) 9.5B (100%) 4 (100%) 920M (100%)
Total 5 $9.5B 4 $920M

By Geo

State/Country Buy Value Sell Value
Canada 2 8.5B 2 -
  British Columbia 2 8.5B - -
  Ontario - - 2 -
Australia 1 912M 1 240M
  Ontario 1 912M 1 240M
Chile 1 - - -
Russia - - 1 680M
United States 1 94M - -
  Alaska 1 94M - -
Domestic 2 (40%) 8.5B (89%) 2 (50%) -
Cross-border 3 (60%) 1.0B (11%) 2 (50%) 920M (100%)
Total 5 $9.5B 4 $920M

Top M&A Advisors

Financial Deals
CIBC Capital Markets
 1
Rothschild Global Advisory
 1
Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)
 1
Legal Deals
Osler, Hoskin & Harcourt LLP
 3
Davis Graham & Stubbs LLP
 1

Deal Values

buy # Total
> $1B 2 $8.5B
$100M to $1B 1 $912M
< $100M 1 $94M
TOTAL $9.5B
Largest Red Back Mining Inc.
$7.1B (2010-08-02)
sell # Total
$100M to $1B 2 $920M
TOTAL $920M
Largest Kinross Gold - Russian assets
$680M (2022-04-05)

M&A Connections

Deals
Acquired from
Strategic(s)
40%
2 (40%)
Divested to
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Metals/Mining

Revenue

3,455   8% 2022
3,729   12% 2021
4,213   21% 2020
3,497   9% 2019
3,213   3% 2018
3,303   5% 2017
3,472   14% 2016
3,052   12% 2015
3,466   2014
(millions of USD) Show More Show Less

Employees

8,447

Established

1993

Public

NYSE: KGC

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