Why Invest in Kinross

Kinross offers an attractive opportunity to invest in a senior gold producer with an excellent track record for consistently delivering results. Our operational performance, significant gold production and solid balance sheet drives compelling relative value for investors and positions Kinross well for future growth and value creation.

- J. Paul Rollinson, President & CEO

Investor Relations

Compelling Investment Opportunity

Attractive Trading Metrics

Attractive Trading Metrics

  • Compelling value opportunity due to large annual production, excellent operating track record and relatively low-risk growth opportunities
  • Attractive trading metrics:

Balance Sheet Strength and Flexibility

Robust Liquidity Position1

Balance Sheet Strength and Flexibility

  • Robust liquidity position of $2.2 billion, including more than $700 million of cash1
  • Modest leverage - net debt to EBITDA ratio of 1.2x2
  • Financial flexibility to take advantage of accretive growth opportunities
  • With the exception of $250 million in senior notes scheduled to be repaid in 2016, Kinross has no significant debt maturities until 2019
Footnotes
  • 1Pro-forma the acquisition of the Nevada assets, which closed January 11, 2016 and the $250M equity financing announced February 24, 2016 and the exercise of the 15% over-allotment option announced March 16, 2016.

Senior Gold Producer

Senior Gold Producer

  • World’s fifth largest gold producer
  • 2016 production guidance: 2.7 – 2.9 million Au eq. oz.
  • Portfolio of 10 mines located in three core regions: the Americas, West Africa, and Russia
  • Acquisition of Barrick assets in Nevada expected to grow production in the United States
  • Tasiast Phase One expansion expected to almost double mine’s current production

Technically Skilled Operator

Technically Skilled Operator

  • Industry-leading safety record 
  • Met or outperformed annual guidance on production, cost of sales and capital expenditures for past five years
  • Achieving operating efficiencies through strong culture of continuous improvement

Growth Opportunities

Growth Opportunities

  • Tasiast Phase One expansion expected to increase mine’s annual production by 87% and lower production cost of sales per ounce by 48% at a manageable capital cost
  • Potential Tasiast Phase Two expansion offers further opportunity to increase production and reduce costs
  • Clear upside potential in Nevada following Bald Mountain acquisition 
  • Advancing potential re-start at La Coipa in Chile
  • Exploration strategy focused on high-quality brownfield targets and the discovery of new resources within existing footprint of our mines

Industry Leader in Responsible Mining

Industry Leader in Responsible Mining

  • Ranked as Canada’s most socially responsible mining company in 2015 by Maclean’s magazine and Sustainalytics
  • Industry-leading safety record
  • Strong track record of environmental management, permitting and reclamation
  • Helping to build sustainable communities through shared economic benefits — 97% of workforce and majority of goods and services from host countries in 2015
  • Contributed $2 billion in taxes, wages, and procurement to host countries
  • Listed on several sustainability indices (Jantzi, Ethibel, ECPI and MSCI)
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