Non-operating and divested mines Kinross Gold

1 non-operating , divested mines

1.1 kettle river-buckhorn
1.2 mineral hill
1.3 cerro casale
1.4 crixás
1.5 lobo-marte
1.6 fruta del norte
1.7 la coipa
1.8 maricunga

non-operating , divested mines

kettle river-buckhorn

the buckhorn mine , kettle river mill located in state of washington , acquired kinross in 2006 part of acquisition of crown resources corporation. subsidiary operates buckhorn mine, while echo bay minerals operates kettle river mill. mine produces 97,000 gold equivalent ounces.

the kettle river-buckhorn mine expected close in second quarter of 2017.

in august 2017, marketwired reported, kettle river-buckhorn mine , mill had outperformed during previous quarter, up-tick in production, compared q1 2017 , q2 2016, citing higher grades decrease in cost of sales per ounce. in july, final batch of ore hauled buckhorn, though kinross anticipates mill continue process stockpiles. minimal production predicted third , fourth quarters of 2017.

mineral hill

located on east side of crevice mountain, in state of montana, ten miles north of yellowstone national park, wyoming; mineral hill mine operated during 1990-1996. kinross inherited responsibility cleaning closed mine 2003 tvx gold merger.

on august 17, 2017, trout unlimited , rocky mountain elk foundation announced kinross donated water rights representing approximately 3 billion gallons of water trout unlimited permanently protect vital fish habitat in tributaries of yellowstone river. reached conservation easement agreement rocky mountain elk foundation permanently protect 549-acre land corridor used important elk migration route , scenic yellowstone national park viewshed.

cerro casale

the cerro casale mine located in chile. kinross acquired cerro casale in 2007 part of acquisition of bema gold corporation. in 2010, kinross sold 25% interest in cerro casale s copper deposit barrick gold $474 million. kinross owns 25% interest , barrick owns remaining 75%, project being owned compañía minera casale. project inactive of 2015.

round mountain pit in nevada, 2013.

on june 9, 2017, kinross divested interest, completing sale of 25% interest in cerro casale, , of 100% interest in adjacent quebrada seca exploration project, goldcorp inc. $260 million usd cash, plus other considerations.

crixás

the crixás mine located in brazil. in 2012, kinross sold 50% interest in crixás anglogold ashanti $220 million.

lobo-marte

in 2008, kinross acquired 40% interest in lobo-marte, located in chile, anglo american plc $141 million. in 2009, kinross acquired remaining interest $41 million, via daughter company cmm. @ december 31, 2013, kinross reported property contained 6.0 million ounces of probable gold reserves. in 2014, reserves reclassified probable measure & indicated . of december 31, 2015, kinross reported lobo-marte significant development property, although prefeasibility studies have been performed on site.

kinross withdrew permit application lobo-marte mine.

fruta del norte

in september 2008, kinross acquired 100% of outstanding shares of aurelian resources inc. total of $809 million, acquiring 100% of fruta del norte , condor ecuadorian deposits. kinross described fruta del norte 1 of significant gold discoveries in last 15 years . on june 20, 2013, kinross announced not proceed further development of project, , in october 2014 sold interest $233 million.

la coipa

the la coipa gold mine located in chile. in october 2013, however, mine , plant suspended , mine undergoing further exploration.

in 2013, kinross announced halting of development @ la coipa, sale of interest in aurelian resources inc. following year. in 2014, impairment charge of $124 million recorded.

maricunga

kinross first acquired 50% ownership in maricunga gold mine property merger amax gold (which changed name kinam). 2007 purchase of bema gold brought other 50%, being owned compañía minera maricunga (cmm). production re-started in october 2005.

in august 2016, kinross suspended operations @ maricunga, resulting in layoff of 300 employees. decision close mine result of chilean government shut[ing] down water system linked operation on environmental concerns. company has pending appeals chile s environmental tribunal. book value of maricunga $373 million @ december 31, 2015, producing approximately 212,000 gold equivalent ounces same year.

kinross incurred impairment charge of $68 million reduced carrying value (10.9) million.