Exploration
Kinross’ exploration philosophy is simple –
replace and grow reserves. We aim to achieve this annual goal
through exploration programs at our existing operations and in
the regions where we currently operate, through our joint
venture relationships or by injecting funds into junior
exploration companies and forming strategic partnerships.
Kinross has an impressive track record of
reserve growth over the last five years averaging a compound
annual growth rate of 37%.
In order to continue that growth momentum,
Kinross expects to spend $44 million on exploration in 2007, a
12% increase over 2006. Spending will be focused on four
distinct areas and will be distributed as follows:
Kinross
Operations
Focus on exploration activities at Fort Knox, Round
Mountain and Kettle River/Buckhorn |
|
Joint
Venture Operations
Opportunities at the Porcupine joint venture and La
Coipa |
|
Project
Exploration
Advance and upgrade Kinross’ project portfolio with
increased district presence in Chile, Brazil, Nevada,
Alaska and Russia |
|
Generative Exploration
Add a new advanced project or district which meets our
portfolio criteria
|
|
Business Development
Acquire properties which meet our strict acquisition
criteria and compliment our current portfolio
|
|
