Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.

Institution	Shares	Value	Change
Van Eck Associates	54,855,608	$1.3B	DECREASED
Vanguard	52,154,162	$1.2B	INCREASED
Boston Partners	36,038,587	$900M	INCREASED
Royal Bank of Canada	32,981,828	$779M	INCREASED
Arrowstreet Capital, Limited Partnership	29,515,179	$698M	NEW

Kinross Gold Corporation (KGC) Ownership & Trading Activity

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