Paracatu, Brazil

Paracatu is long life, cornerstone operation located near the city of Paracatu in Brazil’s Minas Gerais region. Paracatu is the largest gold mine in Brazil and one of the largest in the world.

Paracatu is an open-pit mine with ore processed in ball and SAG mills. The mills are expected to continue processing stockpiled ore until 2031.

In February 2018, Kinross acquired two hydroelectric power plants that are expected to lower production costs over the life of mine and increase the use of renewable power to support the Company’s goals of reducing greenhouse gas emissions.

At Paracatu, the tailings facilities are constructed using a centerline design and are engineered compacted zoned earth fill dams. All of Kinross’ tailings facilities are designed and constructed to the highest engineering and best practice standards and are not constructed with tailings.