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Kinross CEO Tye Burt (Anthony Jenkins/The Globe and Mail/Anthony Jenkins/The Globe and Mail)
Kinross CEO Tye Burt (Anthony Jenkins/The Globe and Mail/Anthony Jenkins/The Globe and Mail)

The Lunch

Kinross CEO Tye Burt: Staking his claim, and his reputation Add to ...

At the end of our lunch at the Cafe de Flore, our conversation turns to sailing. Mr. Burt owns a remarkable bit of Canadian seafaring history. At Expo 67 in Montreal, the hit of the Maritimes Pavilion was the on-site construction by boat designer David Stevens of a 50-foot mahogany schooner called Atlantica. As a young boy, Mr. Burt was there to see it. Thirty-three years later, while killing some time in Halifax, “I spotted a little sign by the waterfront that said ‘Schooner for sale.’ It was Atlantica, in ill repair. I bought it on the spot, restored it and we’ve been sailing and racing it ever since.”

Today Atlantica is the queen of Mahone Bay, N.S. Mr. Burt says he has no retirement plans, but I can already imagine what he’ll be doing when he gives up the helm at Kinross – reading Hemingway in the helm of Atlantica, undoubtedly pleased it is powered by the wind, and not unsustainable hydrocarbons.

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THE CURRICULUM VITAE


BEGINNINGS
 

  • Born in 1957 in Toronto, raised on a farm near Brooklin, Ont.
  • Educated at University of Guelph (history) and Osgoode Hall Law School.

HOME LIFE
 

  • Lives in Toronto and has a holiday home in Mahone Bay, N.S.
  • Married to Janet MacDuff, who owns a golf course and restaurant in Muskoka.
  • Three children: Andrew, 19, Annie, 17 and Mary, 12


SPORTS AND OTHER PASSIONS

  • Owner of Atlantica, a 50-foot mahogany racing schooner, moored in Mahone Bay
  • Loves to ski; favourite spot: Sun Peaks, in central British Columbia
  • Fly fishing
  • Self-described “voracious reader,” whose favourite authors include Ernest Hemingway, Robbie Burns and Joseph Conrad
     

CAREER

  • Began Bay Street career in 1986 at Burns Fry in Toronto
  • Became head of Deutsche Bank’s metals and mining group in 1997
  • Head of corporate development at Barrick Gold in 2002
  • Named chief executive officer of Kinross Gold in 2005


OTHER INTERESTS

  • Vice-chairman of University of Guelph and head of Guelph’s $200-million BetterPlanet Project
     

IN HIS OWN WORDS

On corporate responsibility:


“If that makes us a little bit more expensive, so be it. I’m convinced that, long term, it’s in the best interests of the company to do it.”


On retirement, or lack thereof:


“I think I have lots of fight left in me. I don’t plan to go anywhere until we deliver on the Red Back promise. The market was skeptical, but I firmly believe we’re going to deliver.”


On rumours that a merger with Russia’s Polyus Gold might happen one day:


“Interesting, but it’s not where we’re focused. We have spectacular set of assets to develop, so we’re quite happy where we’re sitting today.”
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Follow on Twitter: @ereguly

 
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