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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Significant mining properties and entities of Kinross

 

 

 

 

 

 

As at

 

 

 

 

 

 

 

December 31,

 

December 31,

 

Entity

 

Property/ Segment

 

Location

 

2017

 

2016

 

Subsidiaries:

 

 

 

 

 

 

 

 

 

(Consolidated)

 

 

 

 

 

 

 

 

 

Fairbanks Gold Mining, Inc.

 

Fort Knox

 

USA

 

100

%

100

%

Kinross Brasil Mineração S.A. (“KBM”)

 

Paracatu

 

Brazil

 

100

%

100

%

Compania Minera Maricunga

 

Maricunga and Lobo Marte / Maricunga and Corporate and Other

 

Chile

 

100

%

100

%

Compania Minera Mantos de Oro

 

La Coipa / Corporate and Other

 

Chile

 

100

%

100

%

Echo Bay Minerals Company

 

Kettle River - Buckhorn

 

USA

 

100

%

100

%

Chukotka Mining and Geological Company

 

Kupol

 

Russian Federation

 

100

%

100

%

Northern Gold LLC

 

Dvoinoye/ Kupol

 

Russian Federation

 

100

%

100

%

Selene Holdings LP (b)

 

White Gold/ Corporate and Other

 

Canada

 

(b)

100

%

Tasiast Mauritanie Ltd. S.A.

 

Tasiast

 

Mauritania

 

100

%

100

%

Chirano Gold Mines Ltd. (Ghana) (a)

 

Chirano

 

Ghana

 

90

%

90

%

KG Mining (Bald Mountain) Inc.

 

Bald Mountain

 

USA

 

100

%

100

%

Round Mountain Gold Corporation / KG Mining (Round Mountain) Inc.

 

Round Mountain

 

USA

 

100

%

100

%

 

 

 

 

 

 

 

 

 

 

Investment in associate:

 

 

 

 

 

 

 

 

 

(Equity accounted)

 

 

 

 

 

 

 

 

 

Compania Minera Casale (c)

 

Cerro Casale/ Corporate and Other

 

Chile

 

(c)

25

%

Interest in joint ventures:

 

 

 

 

 

 

 

 

 

(Equity accounted)

 

 

 

 

 

 

 

 

 

Sociedad Contractual Minera Puren

 

Puren/ Corporate and Other

 

Chile

 

65

%

65

%

Bald Mountain Exploration LLC

 

Bald Mountain Exploration Joint Venture/ Bald Mountain

 

USA

 

50

%

50

%

 

 

(a)

The Company holds a 90% interest in the Chirano Gold Mine with the Government of Ghana having the right to the remaining 10% interest.

(b)

On June 14, 2017, the Company completed the sale of its interest in Selene Holdings LP and the White Gold exploration project in the Yukon Territory to White Gold Corp.  See Note 6 ii.

(c)

On June 9, 2017, the Company completed the sale of its interest in Compania Minera Casale and the Cerro Casale project in Chile to Goldcorp Inc.  See Note 6 i.