Red Back Mining Inc. is an unhedged[4] Vancouver based mineral resource company.
While independent it was considered one of Canada's Largest gold companies with a market capitalization of $ 5.8 billion or 3/4 as much as the 10th largest gold mining company in the world[5] however at the time its key mines hadn't yet reached full potential or critical mass.
When the deal is completed Kinross will be the company's largest shareholder next to Fidelity Management which currently owns 6%.
[12] In 2003 it was formed after a merger between Red Back Mining NL of Australia and Champion Resources Inc of Canada.
[15][16] 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.