Kinross Gold CEO Rollinson on Tasiast, Expansion, M&A

The transcript discusses a mining company's expansion projects, focusing on stabilizing production and reducing costs. It covers strategies for exploration and acquisition, emphasizing internal opportunities and disciplined M&A. Financial considerations, risk management, and project returns are highlighted, with specific examples like Round Mountain. The company aims for growth through portfolio management and collaboration with industry peers.

What is the primary goal of the company's expansion projects?

• To reduce workforce

• To increase production and cash flow

• To sell off assets

• To maintain current production levels

How does the company plan to achieve growth?

• Through exploration and acquisitions

• By reducing production

• By increasing prices

• By cutting costs

What is a key factor in the company's decision to pursue M&A?

• The requirement to increase workforce

• The desire to expand into new markets

• The need to reduce debt

• The potential to create value for shareholders

What is the company's approach to managing execution risks?

• Ignoring oil price fluctuations

• Reducing project budgets

• Accepting lower hurdle rates for low-risk projects

• Increasing project timelines

How does the company view its relationship with Barrick Gold?

• As a past partnership with no future plans

• As a potential for future synergies

• As a competitive rivalry

• As a minor player in the industry

What challenge does the mining industry face regarding growth?

• Lack of skilled labor

• Difficulty in finding new deposits

• High taxation rates

• Environmental regulations

What is the company's strategy for extending the life of its mines?

• Doubling reserves and production

• Increasing workforce

• Reducing production

• Selling older mines