Red Back Mining

In 2003 it was formed after a merger between Red Back Mining NL of Australia and Champion Resources Inc of Canada.

Its flagship mine, Chirano began producing gold in 4th quarter of 2005 through its subsidiary Chirano Gold Mines Limited (CGML).

In August 2007 acquired the Tasiast gold mine from Lundin Mining Corporation for 225 million USD which opened on July 18, 2007.

The Chirano mine produced 30,427 ounces of gold its first year and was scheduled to produce 123,000 ounces in each of the next 8.5 years.

2007 saw a 76% increase in gold production on a rising gold price; acquisitions; and higher probable reserve estimates for its key mines.

In 2009 it failed in its attempt to acquire Moto Goldmines whose key asset was a 70% stake in one of Africa's largest undeveloped gold deposits.

The company produced 342,085 ounces in 2009, a 31% increase over 2008 production, and has set a target of 800,000 oz for 2012. Red Back's 90% share of Chirano and 100% share of Tasiast produced 402,000 ounces of gold equivalent in 2010.

The Tasiast Mine produced 158,660 oz in 2009, 185,000 in 2010 (2010 was previously forecast to be 245-265,000 ounces).

The Chirano Mine produced 185,425 oz in 2009, 240-260,000 oz projected for 2010. 4.4 million ounces of gold.

Cash operating costs per ounce in 2009 rose to $391 compared to $325–$350 for the previous year.