Kinross: The Kinross Difference

The Kinross Difference

Industry Challenge

Kinross Difference

Declining global production

Production growth continued in 2009 with a 22% increase over 2008 production
Aggressive portfolio upgrades
Pipeline of projects for the future

Rising costs eroding margins

Margin growth of 229% from 2004 to 2009
Adding lower-cost production from new mines & optimizing existing mines to improve cost profile

Capital spending inflation & permitting delays

Construction of 2 new mines complete; 2009 first full year of production
Fort Knox epxansion project start-up in Q4 2009

Reserve replacement challenging

Total resources* have grown by 21% on a compounded-annual basis
Large Measured, Indicated and Inferred Resource base for Reserve replacement

* Please refer to Kinross' Mineral Reserve and Mineral Resource Statement as at December 31, 2009, contained in our news release dated January 28, 2010. Historical Mineral Reserve and Mineral Resource information is available in the Reserves section of our website. 2009 Mineral Reserve and Resource data does not reflect the sale of half of Kinross' 50% interest in Cerro Casale, announced February 17, 2010.

This web page contains forward-looking information. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned that actual results may differ materially from those set forth herein and are referred to our Legal Disclaimer for more information.