In June 2016, due to "government allegations of invalid work permits" for expatriate employees, the mine suspended operations, resuming them in August that same year. In 2015, the parties reached no-fault settlement agreements which included payments by Kinross totaling approximately $US 40 million. and Canada, alleging Kinross Gold overstated the value of Tasiast mine in its financial statements, misrepresented some of the mine's project expansion schedules, and made other false statements. In 2012, securities class action lawsuits launched in the U.S. Kinross acquired the Tasiast mine (located in Mauritania) in 2010, expanding the operation twice by 2017. The open-pit Paracatu gold mine, located in northwest Minas Gerais, Brazil. Located in White Pine County, Nevada, the Bald Mountain mine is operated by subsidiary KG Mining (Bald Mountain) Inc. Expected to run out of ore in 2021, the mine's life has been extended to 2030 following a $100 million expansion investment announced in 2018, increasing life-of-mine production by about 1.5 million gold equivalent ounces. This property includes a mill, tailings storage, heap leach facility, the Gil project, and the True North open pit mine, which is closed and under monitoring. Assetĩ0% (the remaining 10% is held by the Government of Ghana) In 2022, 58% of Kinross gold production is expected to come from the Americas. Kinross Gold operates mines in North and South America, and West Africa. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange. The company's mines are located in Brazil, Mauritania, and the United States. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada.
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