Core Viewpoint - Kinross Gold is advancing construction on three strategic growth projects in the US, aiming to extend mine life and optimize costs, with a projected production of approximately three million ounces of gold equivalent by 2038 [1][2]. Group 1: Project Details - The three projects include Round Mountain Phase X, Bald Mountain Redbird 2 in Nevada, and the Kettle River-Curlew project in Washington [1]. - Production from these projects is expected to commence in 2028, with an average annual output of 400,000 ounces from 2029 to 2031 [2]. - The Round Mountain Phase X project has a post-tax NPV of $1.9 billion and an IRR of 67% at a gold price of $4,300 per ounce [3][4]. Group 2: Financial Projections - The combined internal rate of return (IRR) for the projects is estimated at 55%, with a net present value (NPV) of around $4.1 billion [2]. - The Kettle River project is expected to yield around 100,000 gold ounces annually over the first five years, totaling approximately 940,000 ounces over an initial 11-year mine life [6]. - Bald Mountain's Redbird 2 project forecasts a post-tax NPV of $1 billion and an IRR of 58% at the same gold price [6][7]. Group 3: Cost and Production Efficiency - The all-in sustaining cost (AISC) for the Round Mountain Phase X project is projected at $1,680 per ounce, with a production cost of sales of $1,576 per ounce [4]. - The Kettle River project forecasts a life-of-mine AISC of $1,726 per ounce [6]. - The addition of Redbird 2 and surrounding satellite deposits could produce a combined total of 643,000 ounces, maintaining an annual output of approximately 155,000 ounces [7].