page_title: Kinross Gold
section_title: Round Mountain
hierarchical_section_title: Kinross Gold / Operations / Round Mountain
caption_attribution_description: English: Mills at Paracatu mine in Brazil, 2014.
context_page_description: Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates eight active gold mines, and was ranked fourth of the "10 Top Gold-mining Companies" of 2017 by InvestNews. The company's mines are located in Brazil, Ghana, Mauritania, Russia and the United States. It trades under the KGC ticker in the New York Stock Exchange and under K in the Toronto Stock Exchange.
context_section_description: The Round Mountain Gold Mine is located in Nye County, Nevada and has operated since 2003. Round Mountain was a joint venture between Round Mountain Gold Corporation (a Kinross subsidiary) and Barrick Gold. Kinross' merger with Echo Bay Mines gave them a 50% share of Round Mountain, with Barrick retaining the remainder. In 2016 Kinross purchased Barrick's 50% interest. Round Mountain is located in an area where mining has taken place since 1906, having produced 350,000 ounces of gold over a sixty-year period. Its production volume was approximately 197,000 gold equivalent ounces for 2015. As of 2011 the mine was undergoing expansion to increase the size of the pit and related infrastructure.
  In September 2017, Kinross announced the Phase W expansion project for Round Mountain. Phase W is expected to extend mining at the site by five years and to increase its life-of-mine production by 1.5 million Au oz. and is predicted to generate incremental cash flow of $265 million, with a sustained annual production of about 341,000 au oz. through 2024. This top performing mine benefits from one of the top mining locales in the world.
  Near the Round Mountain mine, Kinross operates a smaller open-pit mine, the Gold Hill mine.
caption: Mills at Paracatu mine in Brazil, 2014.
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