Since Kinross acquisition of Red Back Mining Inc. for $7.

1 Billion, the companys largest yet in its 19-year history, in 2010, it also landed a project loss of $2.49 Billion in project amid soaring costs and changing project parameters. As of March 2014, Kinross Gold has acquired an unsecured debt of $500 Million. This debt will be used to pursue its operations in its Chirano mine in southwest Ghana. The plan at the time of Kinross' acquisition of Red Back was the exploitation of 11 gold deposits spread approximately 10 kilometers. While Kinross is a distant third behind GoldCorp in the Canadian market, its resuming of the Chirano and Tsiast mines in Ghana will add roughly 7,958,000 ounces of gold to its already existing reserves of 31,722,000 Ounces thus making it a firm third ahead of Yamana Gold Inc. with 17,676,000 ounces which adds $11.01 Billion in assets of the company . Kinross has moved to sequencing its capital expenditures to better absorb rising costs, tackling its three massive projects one at a time. Since the acquisition the companys share price has plummeted by 60% and a recovering market has only added to its woes.According to, Mr. Tye Burt, the companys CEO, Kinross will focus on resuming its mining operations across South America, North America, West Africa and Russia in the foreseeable future to restore its stock price and return value to its shareholders

Mineral Reserve and Resource Summary As at December 31, 2013 Tonnes Gold ( X 1,000) Grade (g/t) Ounces ( X 1,000)

Proven and Probable Reserves Measured and Indicated Resources(a) Inferred Resources

15,253 7,990 1,611

2.89 2.42 3.06

1,415 622 158

a) Measured and Indicated Resources exclude Proven and Probable Reserves