• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Kinross Ranks Sixth Largest Gold Miner Globally Despite Sale of Russian Asset in Q1 2022

June 23, 2022
Stephen M.Cby Stephen M.C
in Extractives/Energy
0
gold

gold

Kinross Gold, a top gold miner with assets in Ghana ranked sixth largest gold mining company in the world on the basis of the company’s production volume in Q1 2022, despite its prolonged sale processes of the company’s assets in Russia.

Since the company announced its exit from Russia, in March 2022, the company has continued to operate the Kupol mine until the completion of the deal this month (June). However, the company is still upbeat about its high production volume potential as it rebalances its portfolio.

 J. Paul Rollinson, Kinross President and CEO, said:

RelatedPosts

Nigeria’s Gas Production Dips in May, Fuel Supply Drops to 62% 

Ghana Sets Ambitious Course to Become West Africa’s EV Hub 

Small-Scale Miners Urge Government to Implement Cooperative Mining Scheme 

“After the completed divestment of our Russian business, Kinross’ rebalanced portfolio maintains a substantial production outlook anchored by its two tier one assets– Tasiast and Paracatu – as well as a strong portfolio of mines in the Americas, a growing business in Chile, and the large, world-class Great Bear project in Canada.”

J.Paul Robinson

In Q1 2022, Kinross produced 506 thousand gold equivalent ounces produced in Q1 2022. The decrease compared to Q1 2021 (559 thousand ounces) was largely due to lower production at Round Mountain and Paracatu, partially offset by record high quarterly production at Tasiast.

Top miners with Assets in Ghana

Among the top gold miners in the quarter who have assets in Ghana apart from Kinross were Newmont (1st), AngloGold Ashanti (4th) and Gold Fields (fifth).

Based on the rankings, Newmont was the top gold producer in Q1 2022. However, the company’s attributable gold production decreased 8 per cent to 1,344 thousand ounces from the prior year’s quarter.

This was primarily due to lower mill throughput at CC&V, Tanami, Porcupine and Nevada Gold Mines, lower ore grades milled at Peñasquito, Pueblo Viejo, Éléonore and Porcupine, and a build-up of in-circuit inventory.

gold
Gold bar amid gold bullion coins

These decreases were partially offset by higher ore grade milled at Boddington and higher production at Yanacocha due to the acquisition of Buenaventura’s 43.65 per cent ownership in February 2022.

AngloGold Ashanti took the fourth place and produced 588 thousand ounces of gold in Q1 2022. Production was flat year-on-year as AngloGold Ashanti continued to progress its reinvestment across key assets.

Production was notably up year-on-year at Sunrise Dam (+33%), Cerro Vanguardia (+21%), Siguiri (+17%) and Tropicana (+14%), driven by a combination of higher throughput and generally improved overall yields across these operations.   

Gold Fields came fifth. It said that despite the global challenges, the company had a solid Q1 2022. Group attributable equivalent gold production was 580 thousand ounces, up 7% year-over-year.

Performance of Other Top Gold Miners

Other gold miners outside Ghana that were among the first ten gold mining producers include Barrick Gold, Agnico Eagle, Northern Star and Freeport-McMoRan.

Barrick Gold came second with 990 thousand ounces of gold produced on Q1 2022, a 10% decrease compared to Q1 2021 (1,101 thousand ounces).

Lower gold production was due to the depletion of stockpiled higher-grade Carlin and Cortez underground ore. Production at Kibali, Turquoise Ridge and North Mara impacted by planned mill maintenance.

Agnico Eagle came third with payable gold production in the first quarter of 2022 of 661 thousand ounces. These results include a full quarter of production from the Agnico Eagle mines and 52 days of production from the legacy Kirkland Lake Gold mines (Detour Lake, Macassa and Fosterville).

Freeport-McMoRan and Northern Star came ninth and tenth respectively.  Freeport-McMoRan produced 415 thousand ounces of gold in Q1 2022, up 40 per cent over Q1 2021, primarily due to the ramp-up of underground mining at the Grasberg minerals district.

Northern Star, on the other hand, produced 380 thousand ounces of gold in Q1 2022, a 4 per cent increase over Q1 2021.        

READ ALSO: Samini Wins GIMPA SRC Elections

Tags: AngloGoldAssetsGold fieldsKinrossminingProduction
Please login to join discussion
Previous Post

Samini wins GIMPA SRC Elections

Next Post

Blue Chip Stocks See Early Gains Reversed As Broader Index Closes Flat

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Ghana Police cracks down foils gold robbery attempt
General News

Police Foils Gold Robbery Plot Near Akuapem

July 2, 2025
Communication Minister Engages MTN Over Data Price Glitch and Delays
General News

Communication Minister Engages MTN Over Data Price Glitch and Delays

July 1, 2025
Kepa Arrizabalaga
Sports

Arsenal Signs Kepa from London Rival

July 2, 2025
Hamza Suhuyini Sayibu, President, GBA
General News

Why Hasn’t GBA Sued Over Chief Justice Suspension?

July 1, 2025
President John Dramani Mahama
General News

Mahama Calls for National Unity, Moral Renewal at Muslims’ National Day of Prayer

July 1, 2025
Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating
Banking

Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating

July 1, 2025
Ghana Police cracks down foils gold robbery attempt
General News

Police Foils Gold Robbery Plot Near Akuapem

by Lilian AhedorJuly 2, 2025
Communication Minister Engages MTN Over Data Price Glitch and Delays
General News

Communication Minister Engages MTN Over Data Price Glitch and Delays

by Silas Kafui AssemJuly 1, 2025
Kepa Arrizabalaga
Sports

Arsenal Signs Kepa from London Rival

by Evans Junior OwuJuly 2, 2025
Hamza Suhuyini Sayibu, President, GBA
General News

Why Hasn’t GBA Sued Over Chief Justice Suspension?

by Silas Kafui AssemJuly 1, 2025
President John Dramani Mahama
General News

Mahama Calls for National Unity, Moral Renewal at Muslims’ National Day of Prayer

by Evans Junior OwuJuly 1, 2025
Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating
Banking

Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating

by Stephen M.CJuly 1, 2025
Ghana Police cracks down foils gold robbery attempt
Communication Minister Engages MTN Over Data Price Glitch and Delays
Kepa Arrizabalaga
Hamza Suhuyini Sayibu, President, GBA
President John Dramani Mahama
Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating
[/vc_row_inner]

Recent News

  • Police Foils Gold Robbery Plot Near Akuapem
  • Communication Minister Engages MTN Over Data Price Glitch and Delays
  • Arsenal Signs Kepa from London Rival
  • Why Hasn’t GBA Sued Over Chief Justice Suspension?
  • Mahama Calls for National Unity, Moral Renewal at Muslims’ National Day of Prayer
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.