Kinross releases 2021 Sustainability Report

 

Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" or the "Company") is pleased to announce the publication of its 2021 Sustainability Report (the "Report"), providing a fulsome and transparent summary of the Company's progress over the past year in furthering its Environmental, Social and Governance (ESG) strategy.

 

"Sustainability and mining responsibly are at the core of Kinross' culture and we believe that to be successful in this area you need a strong on-the-ground approach along with a clear strategy and strong governance," said J. Paul Rollinson, President and CEO. "Over the past year, we continued to perform well in major external ESG rankings and ratings and have made significant progress advancing our ESG goals. Kinross is committed to ensuring ESG continues to be at the core of our business and recognizes that we need to focus our efforts on material ESG topics which are key to both our Company and our stakeholders."

 

Kinross' 2021 Sustainability Report, available at    www.kinross.com/2021-Sustainability-Report    , details the Company's approach to responsible mining, which is inseparable from its operational success. The foundation of Kinross' ESG governance structure is its values and Safety and Sustainability Policy , which enshrines the Company's First Priorities and its commitment to environmental stewardship, social responsibility and governance.

 

In 2021, Kinross enhanced its ESG oversight by updating the charter of the Board Corporate Responsibility and Technical Committee and established an ESG Executive Committee that reports to the Company's Senior Leadership Team and to the Board on a quarterly basis. Further, in 2022 Kinross' Senior Leadership Team's short-term incentive compensation plan was enhanced to reflect two additional objectives linked to ESG strategy and diversity, and the weighting has increased to 25% from 20%.

 

Kinross obtained independent limited assurance of selected ESG performance metrics and, following its normal practice, have reported in alignment with the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks. The Company is working on its 2021 Task Force on Climate-Related Financial Disclosures (TCFD) Climate Report, which is scheduled for publication in Q2 2022. Kinross remains on track regarding conformance with the Responsible Gold Mining Principles and expects to complete external assurance in 2022.

 

Highlights from the Report, which is structured in line with Kinross' Safety and Sustainability Policy, include:

 

  Act Ethically and Transparently  

 
  • Completed the assessment of approximately 98% of Tier 1 suppliers at operating sites since the launch of an updated supply chain due diligence process
  •  
  • Maintained top-tier governance record and was the highest ranked gold mining company in the Globe and Mail's annual governance review.
  •  
  • Reported zero substantiated cases of corruption or bribery.
  •  

  Do No Harm  

 
  • Overall safety performance remained in line with three-year averages, but was overshadowed by a fatal accident at the Chirano mine in Ghana and a serious mill fire at Tasiast. As a result of these incidents and other near-incidents, the Company has undertaken numerous steps to improve safety culture, with a strong focus on people and their individual and collective responsibility.
  •  
  • Recorded over 96,000 stakeholder interactions, which represents approximately 17% of the local area populations around our sites, with positive feedback 17 times greater than negative.
  •  
  • Efficient use of water with 80% of water recycled at operating mine sites.
  •  
  • Maintained record of zero tailings breaches for the 29 th consecutive year.
  •  
  • Announced the target of a 30% reduction in intensity of Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2030, over the 2021 baseline, and to have net-zero GHG emissions by 2050.
  •  
  • Together with Trout Unlimited, established the Alaska Abandoned Mine Restoration Initiative and started its first project at Resurrection Creek, an area affected by historical placer mining.
  •  
  • Reclaimed more than 100 hectares of land during 2021 and in Paracatu, saw the return of endemic fauna in reclaimed areas.
  •  

  Make a Positive Contribution  

 
  • Generated $3.5 billion in economic benefits (Kinross' "benefit footprint") to host countries through taxes, wages, procurement and community support. Since 2010, the Company has contributed more than $40 billion to the economies of host countries.
  •  
  • Advanced inclusion and diversity targets including instituting a Global Inclusion and Diversity Leadership Council, maintaining 33% female representation of Board members, and started a "Women in Mining: Peer Networking Program" connecting women across the Company.
  •  
  • Achieved record high levels of local employment with 99% of total workforce and 92% of managers from within host countries.
  •  
  • Supported community programs that reached approximately 1,000,000 beneficiaries.
  •  
  • Sourced 84% of goods and services in country, working with approximately 6,000 suppliers globally.
  •  

The Company continued to mitigate the impacts of COVID-19 on its operations, prioritizing the health and safety of its employees. Access to vaccinations was facilitated for both employees and host communities, and a broad-based testing strategy for sites was implemented in line with regional and government guidelines.

 

  About Kinross Gold Corporation  

 

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, Canada, Russia and Ghana. Our focus on delivering value is based on our core principles of responsible mining, operational excellence, disciplined growth and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

 

  Media Contact  
Louie Diaz
Vice-President, Corporate Communications  
phone: 416-369-6469
louie.diaz@kinross.com  

 

  Investor Relations Contact  
Chris Lichtenheldt
Vice-President, Investor Relations  
phone: 416-365-2761
chris.lichtenheldt@kinross.com  

 

  ESG Contact  
Michal Kowalczyk
Vice-President, ESG Strategy  
phone: 647-788-4150   
michal.kowalczyk@kinross.com  

 

Source: Kinross Gold Corporation

 

 

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

K:CA,KGC
The Conversation (0)
Gold bars with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

Keep reading...Show less
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×