In September 2020, Kinross acquired 70% of the Manh Choh project (formerly the Peak project) in Alaska, located approximately 400 kilometres southeast of Fort Knox.

In mid-2022, Kinross, as operator of the joint venture, announced that it is proceeding with the Manh Choh project. Initial production is expected to commence in the second half of 2024 and the project is expected to increase Kinross’ production profile in Alaska by a total of approximately 640,000 attributable Au eq. oz. over the life of mine.

Kinross plans to process Manh Choh ore at Fort Knox utilizing the existing mill and infrastructure to benefit both the project and the mine.

Exploration

In 2022, Kinross is budgeting approximately $10 million for exploration programs at Fort Knox and Manh Choh, testing near-mine, regional and generative targets around both deposits. Exploration at Fort Knox will focus on testing the extent and continuity of higher-grade ore-shears outside of the current resource shell. Brownfields exploration will continue in and around Manh Choh, as well as on the encouraging reconnaissance results in the broader land package.