KINAM GOLD INC. SUBSIDIARIES OF KINAM GOLD INC. (ALL 100% OWNED UNLESS OTHERWISE INDICATED) NAME OF SUBSIDIARY JURISDICTION OF INCORPORATION Compania Minera Kinam Guanaco* Chile Compania Minera Maricunga** Chile Electrum Resources Corp. Alaska Fairbanks Gold Mining, Inc. Delaware Guanaco Holdings, Inc. Delaware Guanaco Mining Company, Inc. Delaware Haile Mining Company, Inc. Delaware Kershaw Gold Company Inc. South Carolina Kinam (B.C.) Ltd. British Columbia Kinam Chile Credit Corp., Inc. Delaware Kinam Chile Finance Corporation Delaware Kinam de Chile Ltda. Chile Kinam Exploration, Inc. Delaware Kinan Exploration Canada Ltd. Canada Kinam Long Valley Corporation Delaware Kinam Magadan Gold Corporation Delaware Kinam Precious Metals, Inc. Delaware Kinam Refugio, Inc. Delaware Lancaster Mining Company, Inc. Delaware Lassen Gold Mining, Inc. Delaware Luning Gold Inc. Nevada Melba Creek Mining, Inc. Alaska Nevada Gold Mining, Inc. Delaware Omolon Gold Mining Company *** Russia Wind Mountain Mining, Inc. Delaware * 90% owned ** 50% owned *** 54.7% owned