Kitsaki Management Limited Partnership is operated by a board mostly consisting of the Lac La Ronge Indian Band Council. (File Photo/paNOW Staff)

By Derek Cornet

economic development

Lac La Ronge’s Kitsaki sees revenue growth, increasing number of employees

Nov 3, 2023 | 3:54 PM

The 2023 Annual Impact Report from Kitsaki Management Limited Partnership shows consolidated revenues grew from $140 million in 2020 to $180 million in 2023.

Kitsaki, which is the economic arm of the Lac La Ronge Indian Band (LLRIB), had 1,300 full-time employees as of March 2023 under 11 different companies. They, on average, earned more than $70 million in annual revenue and made approximately $12 million in profits.

Since 2021, the LLRIB has funneled $12 million in profits to community distributions.

“This is where we do our emergency funds from, too, is from our Kitsaki division, so we are able to provide assistance to our band members, whether it’s for a medical emergency, family emergencies, funerals, or any emergencies the band members have,” Tammy Cook-Searson, LLRIB chief and Kitsaki chairperson.

She explained profits have also been used to pay for youth hunting trips, cultural and community gatherings, renovations on housing, and contributions to post-secondary scholarships.

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Kitsaki manages 11 different lines of business including mining, trucking, insurance, manufacturing, catering, information technology, and engineering. It pays more than $30 million annually to its employees.

“We have 1,300 full-time employees and that’s contributing to households being able to provide that sustainability and just being able to provide for their family and have steady employment,” Cook-Searson said.

“That’s huge for us, so that’s what we will continue to do is make sure we are investing in companies that are sustainable so that we will have sustainable income.”

Cook-Searson expects company profits to continue growing yearly. She noted its management team is focused on maintaining sustainability for current investments, as well as diversifying into new areas. The main objective of the board is to ensure assets are both sustainable and provide employment opportunities.

Kitsaki is managed by a board of directors, mostly consisting of the LLRIB council. There are another six individuals who are comprised of the Elders Advisory Circle.

Read more of the 2023 Annual Impact Report online here.

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derek.cornet@pattisonmedia.com